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Giga Metals Completes Non-Brokered Private Placement of Flow-Through Shares
Globenewswire· 2026-03-20 20:30
Core Viewpoint - Giga Metals Corp. has successfully closed a private placement of Flow-Through shares, raising a total of $900,000 to fund exploration activities at the Turnagain project and other potential Canadian properties [1][2]. Group 1: Private Placement Details - The private placement involved the issuance of 8,181,818 Flow-Through shares at a price of $0.11 each [1]. - The proceeds from the private placement will be allocated to eligible Canadian exploration expenses, which must be incurred by December 31, 2027, and renounced by December 31, 2026 [2]. - Finder's fees amounting to 8% of the total proceeds will be paid in common shares, along with the issuance of 654,545 finder's warrants, allowing the purchase of common shares at $0.11 for one year [4]. Group 2: Company Overview - Giga Metals Corporation's primary asset is the Turnagain Project in northern British Columbia, which is recognized for its significant undeveloped sulphide nickel and cobalt resources [6]. - The Turnagain Project is jointly owned with Mitsubishi Corporation through a subsidiary called Hard Creek Nickel [6]. - A Pre-Feasibility Study for the Turnagain Project was released in October 2023, indicating its potential for additional mineralization, including copper, platinum, and palladium [6].