BRIEF-Austin Exploration says completed $2.86 mln placement

Feb 5 (Reuters) - Austin Exploration Ltd AKK.AX :

* Placement to accelerate Pierre drilling program AKK.AX

* Completed placement of $2.86 million through issue of 260 million new shares

at 1.1 cents per share

* Source text for Eikon News Search ID:nASX2QDhCm

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