Warnie, You must be reading a different Trading halt announcement to the rest of us.
http://www.asx.com.au/asxpdf/20080501/pdf/318x3fxyzx8z20.pdf
First paragraph "Pending and announcement about a strategic partnership and CAPITAL RAISING".
I do think though, the issue of shares for the capital raising will be at a premium to the current sp.
Guess we'll find out in a few hours.