ALCASTON Mining is launching a share purchase plan in which each shareholder can subscribe for a minimum of $1,000 and a maximum of $5,000 in new fully-paid ordinary shares.
The company hopes to raise up to $700,000 that will be used to fund its exploration of its various projects in Western Australia, the South Pacific and Canada.
The share purchase offer will be non-renounceable.
The shares are being offered at 4 cents each, a 3.64 per cent discount.