Giga Metals closes private placement

Executive Summary

• Giga Metals Corp. completed a non‑brokered private placement, issuing 3,675,000 non‑flow‑through units at $0.08 each and 4,404,595 flow‑through units at $0.09 each, for total gross proceeds of $690,414.
• Each unit includes one common share and one share purchase warrant; warrants are exercisable at $0.11 for three years with expiration dates in July–August 2028.
• Proceeds will be allocated to general corporate purposes and to fund the company’s exploration program on the Turnagain project.

Key Details

• Units Issued – Non‑Flow‑Through: 3,675,000 units @ $0.08 = $294,000 gross proceeds.
• Units Issued – Flow‑Through: 4,404,595 units @ $0.09 = $396,414 gross proceeds.
• Unit Composition: Each unit = 1 common share + 1 share purchase warrant.
• Warrant Terms (All Units): Exercise price $0.11; three‑year term; expiration dates – July 30 2028, August 13 2028, and August 28 2028.
• Hold Period: Securities subject to a lock‑up expiring four months plus one day after issuance (Nov 1 2025, Dec 14 2025, Dec 29 2025).
• Control Blocks: No control blocks were created as a result of the placement.
• Use of Proceeds: General corporate purposes and funding of Giga Metals’ exploration program (Turnagain project).
• Finder’s Fees Paid: Cash fee of $33,838 for 5,576,818 units plus issuance of 390,377 finder’s warrants.
• Finder’s Warrants Terms: Exercise price $0.08; three‑year term; expiration dates – July 30 2028 and August 13 2028.

Notable Quotes

(No executive quotes were provided in the release.)