"The offer was partially underwritten to raise a minimum amount...

"The offer was partially underwritten to raise a minimum amount of $3 million."

"The offer was strongly supported, and the Company accepted valid applications from share holders totalling $3.72 million."

"The Company intends to place the remaining allocation under the SPP to sophisticated and professional investors to raise the maximum amount of $5 million."

Seems they have raised most of the money they wanted from small investors first, then the big boys will top up the rest. Sorry if this is incorrect, but that's the way I read it.