"Tap Oil says it will raise up to $82 million to fund the...

"Tap Oil says it will raise up to $82 million to fund the acquisition of a 75 per cent stake in Northern Gulf Petroleum and other activities.
Under the entitlement offer, eligible shareholders can subscribe for one new Tap share for every two Tap shares owned, at a price of 81 cents per share."

Does this have anything to do with the drop in the shareprice?