austin increases capital raising through place

ASX ANNOUNCEMENT 31 January 2012
For Immediate Release
The Manager
Companies Announcements Officer
Australian Stock Exchange
Electronic Lodgement
ASX ANNOUNCEMENT 31 January 2012
For Immediate Release
The Manager
Companies Announcements Officer
Australian Stock Exchange
Electronic Lodgement
AUSTIN INCREASES CAPITAL RAISING THROUGH PLACEMENT
DUE TO DEMAND
Dear Sir/Madam,
The Board of Austin Exploration Limited (Austin) (ASX: "AKK") is pleased to announce that the share
placement to new and current sophisticated investors which was initially for 40,000,000 ordinary
shares at 2.7 cents per share, together with 40,000,000 I Class listed options exercisable at $0.055
cents expiring on 10 July 2013 has been increased to 44,000,000 ordinary shares at 2.7 cents
together with attaching option to raise $1,188,000 before costs. This new capital will be used for
ongoing and further exploration in the USA.
Listing of the shares on ASX will be sought once monies have been received and cleared at bank.
The Company confirms that shareholder approval will not be sought and the increased issue still falls
under the Company’s 15% capacity pursuant to Listing Rule 7.1
On behalf of the Board
Dear Sir/Madam,
The Board of Austin Exploration Limited (Austin) (ASX: "AKK") is pleased to announce that the share
placement to new and current sophisticated investors which was initially for 40,000,000 ordinary
shares at 2.7 cents per share, together with 40,000,000 I Class listed options exercisable at $0.055
cents expiring on 10 July 2013 has been increased to 44,000,000 ordinary shares at 2.7 cents
together with attaching option to raise $1,188,000 before costs. This new capital will be used for
ongoing and further exploration in the USA.
Listing of the shares on ASX will be sought once monies have been received and cleared at bank.
The Company confirms that shareholder approval will not be sought and the increased issue still falls
under the Company’s 15% capacity pursuant to Listing Rule 7.1
On behalf of the Board