has to raise capital 35mill

with dio having to raise $35m in capitol ,which will dilute the share base further on top of the 160mill shares issued to harmony, surely this will lower the share price.
dio had a large overhang of shares not taken up during the previous spp only a few months ago , and it did not appear to be a popular undertaking by the market. i remember the broker who underwrote the spp was caught with quite a large holding., that wernt taken up by dio`s own shareholders. that previous rights issue only needed to raise $12mill, this is much larger, so could hurt dio`s share price