merry christmas plv, page-19

76,574,029 will give them 19.9% of 384,794,116 in total.

They get them on Monday but they still need to approved by shareholders, I have no idea what happens if holders vote no .....

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I'm not sure about that.
The release reads that the share placement will be made "under the company's placement capacity", so they do not need shareholder approval.

What they are going to do is a little unusual.
Normally a company will wait for an AGM to have shareholders ratify the placements that were made over recent times( ratify , not approve) so that the company can start again with their 15% allocation from scratch.

It seems PLV is not going to wait for AGM and is instead going to call a EGM. That means they have plans to issue more shares SOON and need to get a new starting point quicker than usual.

This is also backed up by the following statement also in the release.

In addition, subject to applicable laws and the ASX Listing Rules, GNR HK and GNR Macau have agreed at the next meeting of Pluton’s shareholders, to vote in favour of all Pluton Board recommended resolutions which assist in any way in Pluton’s maintenance or increase of its capacity to issue securities under ASX Listing Rules 7.1, 7.1A and 7.4.

So, GNR has agreed to approve an upcoming placement of size that might result in a reasonable dilution of their holdings.

Something in the wind.