I think that he hasn't and that the new shares giving the $3m...

I think that he hasn't and that the new shares giving the $3m excludes any additional shares applied for by existing shareholders.

The announcement defines new shares as the 1:7 allocation while they can apply for "shortfall shares" as well.

It does not say how many shortfall shares were applied for by existing s/h.

Read it carefully below.

The Rights Issue offered eligible shareholders (or depository interest holders) registered on theRecord Date the ability to subscribe for Shares on the basis of one (1) fully paid share in the Company(New Shares) for every seven (7) Shares held at an issue price of $0.018 / £0.01 per share to raiseup to $14.33m / £7.96m before costs.Eligible shareholders were also given the opportunity to apply for additional shortfall shares beyondtheir 1 for 7 entitlement.Total applications for the New Shares raising gross proceeds of $3,641,312 were received. The NewShares will be issued on 31st October 2018, as per the timetable for the Rights Issue.