http://www.resourcesrisingstars.com.au/files/asx_announcements/MR...

http://www.resourcesrisingstars.com.au/files/asx_announcements/MRL_130515_Raising.pdf

Reading this PDF online dated 13th May 2015 I see it states:

"MRL Corporation Ltd (ASX: MRF) is pleased to advise it has accepted firm
commitments for a $1 million raising through a share placement to
sophisticated investors.
The raising involved the placement of 25 million shares at 4c each to
sophisticated investors from Australia, Europe and Asia. This represents a 17
per cent premium to the last closing price on Friday 8th May 2015. QA Capital
Pty Ltd acted as Lead Manager to the placement."

I would have thought that sophisticated investors would mean financial companies and alike? I hope someone could help me with that answer and also if they committed then wouldn't that cause the share to go up?

Hope someone can help me understand all of this.