Giga Metals Corporation Announces $850,000 Non-Brokered Private Placement to Advance Turnagain Project

Reuters
18 Jul
Giga Metals Corporation Announces $850,000 Non-Brokered Private Placement to Advance Turnagain Project

Giga Metals Corporation has announced a non-brokered private placement comprising flow-through units priced at $0.09 per unit and non-flow-through units at $0.08 per unit, aiming to raise up to $850,000 in gross proceeds. The private placement's completion is contingent upon meeting specific conditions, including approval from the TSX Venture Exchange. The company may also pay finder's fees in cash or securities to certain finders involved in the placement. The proceeds from this initiative are intended to fund exploration activities at Giga Metals' Turnagain nickel-cobalt project and for general corporate purposes. Each unit comes with a warrant that allows the holder to purchase a common share at $0.11 for three years after the private placement's closure.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Giga Metals Corporation published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9496507-en) on July 17, 2025, and is solely responsible for the information contained therein.

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