Ann: Trading Halt, page-3

Looks like the company wants to set itself up comfortably for the foreseeable future.

I always suspected they were a bit low on funds to be safe, given that revenues will start slowly.

As you say, hopefully not too much dilution. If it's just for keeping the company running, $5 million should be ample, which would be no more than 5 million shares which is less than 5%.

They might be aiming for a substantial raise, however, to take advantage of the share price.