Well, that's the cash problem (hopefully) solved. I'm going to guess they'll raise about $1.5 million meaning about an extra 300 million so shares (price at 0.5c) I suspect coming onto the market.
Not the news we are looking for, but certainly a good thing for the company. If they truly believe something is there, they will find it and having the cash to do so is always a good thing. They better bloody deliver though .