Ann: Notice of Annual General Meeting/Proxy Form, page-8

All good on the name change, as explained in the notice of AGM:

The Directors consider that the change of name is necessary as the Company has moved its focus to the Kimberly region of Western Australia, where its flagship Sorby Hills Joint Venture project is located. The existing name “Pacifico Minerals Limited” reflected the geographical location of the Company’s previous assets and direction. The name “Boab Metals Limited” better reflects where the Company has its major assets and where it wishes to build upon its future as a miner.

However not quite wrapping my head around the purpose of Resolution 5 Approval of 10% Placement Facility. It seems they wish to increase the amount of shares they can issue without shareholder approval from 15% to 25%. On the face of it, this seems negative but it looks like they are trying to explain that it assists with reducing dilution somehow? Or do I have this all wrong. Generally have high regard for management so I'm inclined to think there is an honest, prudent and valid reason but cant quite understand it.