Giga Metals Announces Private Placement Amendment

Executive Summary

• Giga Metals Corp. amends the structure of its previously announced non‑brokered private placement financing.
• Each Critical Minerals FT Unit now includes one flow‑through share and one non‑transferable FT warrant (exercise price $0.25, 36‑month term).
• Each NFT Unit now includes one non‑flow‑through share and one non‑transferable NFT warrant (exercise price $0.25, 36‑month term).

Key Details

• Amended Unit Composition:
• Critical Minerals FT Unit – 1 flow‑through share + 1 FT warrant.
• NFT Unit – 1 non‑flow‑through share + 1 NFT warrant.
• Warrant Terms (both FT and NFT):
• Exercise price: $0.25 per Share.
• Expiration: 36 months from the date of issuance.
• Financing Scope: All other terms of the private placement remain unchanged (pricing, total units, use of proceeds as previously disclosed).
• Purpose: The amendment clarifies share and warrant allocation within each unit, maintaining the original financing structure for funding the Turnagain Project.

Notable Quotes

“On behalf of the Board of Directors of Giga Metals Corporation” – Scott Lendrum, CEO and Director.