Does that mean that the old capital raising mooted early in...

Does that mean that the old capital raising mooted early in April at 7.6 cents per share has been abandoned altogether.??


""Pluton proposes to complete a share placement of up to 96m shares being the 25% available under ASX Listing Rules 7.1 and 7.1A at a price of 7.6¢ to raise up to $7.3m (“Placement”). Places will include Institutions, Sophisticated Investors and Industry Investors who in addition to an equity investment are seeking Stage 4 and Stage 5 offtake.
In conjunction with the Placement, the Board is pleased to announce that it has resolved to undertake a renounceable pro-rata offer to shareholders (including those participating in the Placement) of 1 new share for every 3 shares held at the record date at an issue price of 7.6 cents per new share together with 1 attaching option (exercisable @ 10¢ and expiring on 31 March 2017) for every 3 new shares issued to raise up to $12.2m (before costs) (“Rights Issue”). """


End of quotation.....