VANCOUVER, British Columbia, April 15, 2026 (GLOBE NEWSWIRE) -- Giga Metals Corp. ("Giga Metals" or the "Company") (TSXV:GIGA, OTCQB:GIGGF, FSE: BRR2)) is pleased to announce a non-brokered private placement (the "Private Placement") of a Unit Offering ("Units") in the Company, for aggregate gross proceeds of up to C$1,000,000, at a price of $0.08 per Unit.
Each Unit will consist of one (1) common share of the Company and one (1) non-transferable share purchase warrant. Each whole warrant will be exercisable into one (1) common share of the Company at an exercise price of C$0.15, for a period of two (2) years from the closing of the Private Placement ("Closing").
The proceeds of the Private Placement will be used to advance development activities at the Turnagain project; exploration activities at Turnagain focusing on the Attic zone; and for general corporate purposes.
Closing is anticipated to occur on or about May 5, 2026, and is subject to certain closing conditions, including the approval of the TSX Venture Exchange (the "TSXV"). The Company may pay finder's fees in cash or securities to certain arm's length finders engaged in connection with the Private Placement, subject to the approval of the TSXV. The securities issued in the Private Placement will be subject to a four-month hold period in accordance with applicable securities laws.
It is expected that certain directors and officers of the Company (the "Insiders") ...
