placement facility, page-3

Yep, I understand that a company can raise extra funds if shareholders approve it. I get they can raise to placement to outsiders and by a share purchase plan for shareholders.
Renounceable and non-renunceable issues are usually at a discount and shareholders can buy more shares, sell or pass but with a non-renounceable issue the shares are non transferable and their existing shares will suffer from dilution.
Is the placement just a way of being able to issue more shares if and when required, to pay / exchange for services, resources, assets, studies, continued exploration etc (page 16)?
Does the 10% mean they can issue a further ten percent of shares?
There are 1 665 769 734 shares currently on issue, so they can issue 166 576 973 new shares and they can issue them at the price on the close on 15th October 2013 at $0.007.