Giga Metals amends private placement

Executive Summary

• Giga Metals Corp. has amended the terms of its previously announced non-brokered private placement financing, specifically modifying the composition of the units offered to investors.
• The amendment introduces specific tax-status distinctions for the shares within the units, creating separate "critical mineral flow-through" and "non-flow-through" unit structures, each accompanied by non-transferable warrants.
• All other terms of the private placement remain unchanged from the original announcement.

Key Details

• Transaction Type: Amendment to previously announced non-brokered private placement financing.
• Flow-Through Units (FT Units):
  • Each unit includes one flow-through share qualifying as a critical mineral flow-through share under the Income Tax Act (Canada).
  • Each unit includes one non-transferable flow-through share purchase warrant.
  • Warrant Terms: Exercisable at $0.25 per share for a period of 36 months from issuance.
• Non-Flow-Through Units (NFT Units):
  • Each unit includes one non-flow-through share.
  • Each unit includes one non-transferable non-flow-through share purchase warrant.
  • Warrant Terms: Exercisable at $0.25 per share for a period of 36 months from issuance.
• Other Terms: All other terms related to the private placement remain the same as previously disclosed.

Notable Quotes

• None provided in the text.