Giga Metals Announces Non-Brokered Private Placement Including Critical Minerals Flow-Through

Executive Summary

• Giga Metals Corp. announced a non‑brokered private placement of up to $1 million in flow‑through (FT) and non‑flow‑through (NFT) units priced at $0.13 and $0.11 per unit, respectively.
• Each FT Unit includes one flow‑through share and a half‑share purchase warrant (full warrant exercisable at $0.25/share for 36 months); each NFT Unit includes one non‑flow‑through share and a similar half‑warrant.
• Proceeds are earmarked for exploration of the Turnagain nickel‑cobalt project, working capital, and general corporate purposes, with flow‑through proceeds specifically directed to eligible Canadian exploration expenses.

Key Details

• Units Offered:
• FT Units – $0.13 per unit (includes 1 FT share + half FT warrant).
• NFT Units – $0.11 per unit (includes 1 NFT share + half NFT warrant).
• Warrant Terms: Full warrants allow purchase of additional shares at $0.25 each, exercisable for 36 months from issuance.
• Aggregate Gross Proceeds Target: Up to $1,000,000.
• Use of Proceeds:
• Exploration of the Turnagain nickel‑cobalt project.
• Working capital and general corporate purposes.
• Flow‑through portion must be spent on eligible Canadian exploration expenses qualifying as flow‑through mining expenditures.
• Closing Conditions: Subject to TSX Venture Exchange approval; securities will have a four‑month hold period.
• Finder’s Fees: Company may pay cash or security fees to arm’s‑length finders, subject to TSXV approval.
• Regulatory Notices: Units not registered under U.S. securities laws; offering limited to jurisdictions where exemption applies.

Notable Quotes

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