Giga Metals arranges $900,000 private placement

Executive Summary

• Giga Metals Corp. has arranged a non-brokered private placement of flow-through shares, raising up to $900,000 in gross proceeds.
• The capital will be used to advance exploration activities at the Turnagain project and other Canadian properties, with specific tax-related obligations to renounce expenses to purchasers.
• The transaction is subject to TSX Venture Exchange approval and is anticipated to close around March 19, 2026.

Key Details

• Transaction Structure: Non-brokered private placement of flow-through (FT) shares.
• Quantity: 8,181,818 FT shares.
• Price: 11 cents per FT share.
• Gross Proceeds: Up to $900,000.
• Use of Proceeds: To advance exploration activities at the Turnagain project and any other Canadian properties the company may acquire.
• Tax Obligations: The company must incur eligible Canadian exploration expenses equal to the gross proceeds received, incurred on or before December 31, 2027, and renounced with an effective date no later than December 31, 2026, to the initial purchasers.
• Closing Date: Anticipated on or about March 19, 2026.
• Conditions: Subject to closing conditions, including approval of the TSX Venture Exchange.
• Finder’s Fees: The company may pay finders' fees in cash or securities to arm's-length finders, subject to TSX-V approval.
• Hold Period: Securities issued are subject to a four-month hold period in accordance with applicable securities laws.