Jan 31 (Reuters) - Austin Exploration Ltd (AKK) :
- Austin to divest of non-core assets in Texas and Mississippi (AKK)
- Company agrees to the sale of birch property in Texas in all cash deal for
aud$1.5 million
- Proceeds from sales will also significantly reduce debt profile - Austin well
placed to leverage low cost advantage
- Company can drill and complete a pierre well for approximately USD$500K
