The wording would normally indicate at least some portion of the...

The wording would normally indicate at least some portion of the capital raise would be offered to existing shareholders. Maybe underwritten or may also have a placement component but doesnt look at this stage like a direct placement. The interesting factor is always the discount to market price as that will be new sp and shows how hard they struggled to get finance. No discount to current means everyone wanted a slice. 20-30% means no interest to a degree.