Ann: Trading Halt, page-439

It's just the standard way CR's are done. Stock goes into halt, term sheet sent to brokers who shop it around to their clients and then a few days later, once it's filled the raise details are announced to the market and trading resumes. Knowing the details in advance just gives you a little extra time to consider what action you might take in response when trading resumes. Worst case, the stock goes into suspension for a day or two which usually indicates they're having trouble filling the raise - I'd think that's unlikely here given the large discount