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

Core Points - Giga Metals Corp. announced a non-brokered private placement aiming to raise up to $1,000,000 through the sale of Critical Minerals flow-through units at $0.13 each and non-flow-through units at $0.11 each [1][2] Group 1: Private Placement Details - The private placement consists of Critical Minerals flow-through units (FT Units) and non-flow-through units (NFT Units), with FT Units priced at $0.13 and NFT Units at $0.11 [1] - Each FT Unit includes one flow-through share and a transferable half flow-through share purchase warrant, allowing the purchase of an additional share at $0.25 for 36 months [2] - Each NFT Unit includes one non-flow-through share and a transferable half non-flow-through share purchase warrant, also allowing the purchase of an additional share at $0.25 for 36 months [2] Group 2: Use of Proceeds - The gross proceeds from the private placement will be allocated to the exploration of the Turnagain nickel-cobalt project and for general corporate purposes [3] - The flow-through proceeds will specifically be used to advance the Turnagain project and any other Canadian properties acquired, with a commitment to incur eligible Canadian exploration expenses [3] Group 3: Company Overview - Giga Metals Corporation's core asset is the Turnagain Project, which contains significant undeveloped sulphide nickel and cobalt resources [6] - The Turnagain ultramafic complex is also prospective for copper, platinum, and palladium mineralization in the Attic Zone, adjacent to the known nickel resource [7]