EPD, could this go to 40p per share?

Extract
"The Company announces that it has raised £614,300 by way of a private placement
of 3,071,500 new ordinary shares at 20p per share and has received the
subscription monies. In connection with this private placement, the Company will
also issue 3,071,500 share subscription warrants, subject to shareholder
approval at an Extraordinary General Meeting which is to be convened in the near
future. The warrants will be exercisable at 30p per share and will be valid for
twenty four months."