Dec 9 (Reuters) - Austin Exploration Ltd (AKK) :
- Is undertaking aud$3.2 million capital raising at $0.006 per share to fund acquisition
- Austin will remain debt free post acquisition
- Company has entered into an agreement with incremental oil and gas
- Florence oilfield being acquired from incremental oil and gas for us$2 million
- AKK expands asset base in colorado with acquisition of adjac,iog-akk.ax
