Giga Metals Announces Non-Brokered Private Placement
Giga Metals (TSX.V: GIGA) has announced plans for a non-brokered private placement to raise up to $500,000 through the issuance of 5,000,000 units at $0.10 per unit. Each unit includes one common share and one purchase warrant.
The warrants will allow holders to purchase additional common shares at $0.15 per share for a three-year period following the placement's closing. The company intends to use the proceeds for general corporate purposes and working capital. The private placement is subject to TSX Venture Exchange approval, and finder's fees may apply.
Giga Metals (TSX.V: GIGA) ha annunciato piani per un collocamento privato non intermediato per raccogliere fino a 500.000 dollari attraverso l'emissione di 5.000.000 di unità a 0,10 dollari per unità. Ogni unità include una azione comune e un warrant di acquisto.
I warrant permetteranno ai titolari di acquistare ulteriori azioni comuni a 0,15 dollari per azione per un periodo di tre anni dopo la chiusura del collocamento. L'azienda intende utilizzare i proventi per scopi aziendali generali e capitale circolante. Il collocamento privato è soggetto all'approvazione della TSX Venture Exchange e potrebbero essere applicate commissioni di intermediazione.
Giga Metals (TSX.V: GIGA) ha anunciado planes para una colocación privada no intermediada para recaudar hasta 500,000 dólares a través de la emisión de 5,000,000 de unidades a 0.10 dólares por unidad. Cada unidad incluye una acción común y una opción de compra.
Las opciones permitirán a los titulares comprar acciones comunes adicionales a 0.15 dólares por acción durante un período de tres años después del cierre de la colocación. La empresa tiene la intención de utilizar los ingresos para fines corporativos generales y capital de trabajo. La colocación privada está sujeta a la aprobación de la TSX Venture Exchange y pueden aplicarse comisiones por intermediación.
기가 메탈스 (TSX.V: GIGA)는 비중개 사모펀드를 통해 500,000달러를 모금할 계획을 발표했습니다. 이는 0.10달러에 5,000,000개의 유닛을 발행하는 것입니다. 각 유닛은 하나의 보통주와 하나의 매수권을 포함합니다.
매수권은 보유자가 사모펀드 종료 후 3년 동안 0.15달러 per 주에 추가 보통주를 구매할 수 있게 해줍니다. 회사는 수익을 일반 기업 목적 및 운영 자본에 사용할 계획입니다. 사모펀드는 TSX 벤처 거래소의 승인을 받아야 하며, 중개 수수료가 적용될 수 있습니다.
Giga Metals (TSX.V: GIGA) a annoncé des projets pour un placement privé non intermédié afin de lever jusqu'à 500 000 $ par l'émission de 5 000 000 d'unités au prix de 0,10 $ par unité. Chaque unité comprend une action ordinaire et un bon de souscription.
Les bons de souscription permettront aux détenteurs d'acheter des actions ordinaires supplémentaires à 0,15 $ par action pendant une période de trois ans suivant la clôture du placement. La société prévoit d'utiliser les produits pour des besoins généraux d'entreprise et de fonds de roulement. Le placement privé est soumis à l'approbation de la TSX Venture Exchange, et des frais de courtage peuvent s'appliquer.
Giga Metals (TSX.V: GIGA) hat Pläne für eine nicht vermittelte Privatplatzierung angekündigt, um bis zu 500.000 US-Dollar durch die Ausgabe von 5.000.000 Einheiten zu einem Preis von 0,10 US-Dollar pro Einheit zu sammeln. Jede Einheit umfasst eine Stammaktie und ein Kaufwarrant.
Die Warrants ermöglichen es den Inhabern, zusätzliche Stammaktien zu einem Preis von 0,15 US-Dollar pro Aktie für einen Zeitraum von drei Jahren nach Abschluss der Platzierung zu erwerben. Das Unternehmen beabsichtigt, die Erlöse für allgemeine Unternehmenszwecke und Betriebskapital zu verwenden. Die Privatplatzierung unterliegt der Genehmigung der TSX Venture Exchange, und Vermittlungsgebühren können anfallen.
- Access to $500,000 in new capital for working capital needs
- Three-year warrant provision offers potential for additional future capital at $0.15 per share
- Dilutive financing at $0.10 per unit indicates challenging market conditions
- Additional dilution possible through warrant exercise at $0.15
NOT FOR DISTRIBUTION TO U.S. NEWSWIRES OR DISSEMINATION IN THE UNITED STATES
VANCOUVER, British Columbia, March 19, 2025 (GLOBE NEWSWIRE) -- Mark Jarvis, CEO of Giga Metals Corporation (TSX.V: GIGA) ("Giga" or the “Company”), announced today that the Company intends to complete a non-brokered private placement (the “Private Placement”) of up to 5,000,000 units (“Units”) at a price of
Each Unit will consist of one common share of the Company (a “Common Share”) and one Common Share purchase warrant (a “Warrant”). Each Warrant will entitle the holder thereof to purchase one Common Share of the Company (a “Warrant Share”) for a period of three years following the closing of the Private Placement at an exercise price of
The Company plans to use the net proceeds of the Private Placement for general corporate purposes and working capital. Finder’s fees and finder’s warrants may be issued on a portion of the private placement. Completion of the Private Placement is subject to certain conditions, including the receipt of the approval of the TSX Venture Exchange.
About Giga Metals Corporation
Giga Metals Corporation’s core asset is the Turnagain Project, located in northern British Columbia, which contains one of the few significant undeveloped sulphide nickel and cobalt resources in the world. Turnagain is held in Hard Creek Nickel, a subsidiary owned
Forward-looking Statements
Certain statements in this news release are forward-looking statements, which reflect the expectations of the Company. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements include, but are not limited to, completion of the Private Placement and any additional funding for the Turnagain Project. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. These forward-looking statements reflect management's current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause our actual results to differ materially from those expressed or implied by the forward-looking statements, including: the conditions to closing of the Private Placement may not be satisfied; the Company may not be able to locate suitable investors for the Private Placement and the terms for any additional funding of the Turnagain Project may not be finalized. These forward-looking statements are made as of the date of this news release and, except as required by applicable securities laws, the Company assumes no obligation to update these forward-looking statements, or to update the reasons why actual results differed from those projected in the forward-looking statements.
On behalf of the Board of Directors of Giga Metals Corporation
“Mark Jarvis”
MARK JARVIS,
CEO
Contact Information
Office Phone: +1 (604) 681-2300
Investor Inquiries: info@gigametals.com
Company Website: www.gigametals.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Suite 203 – 700 West Pender St., Vancouver, BC, Canada V6C 1G8
FAQ
How much is Giga Metals (GIGGF) planning to raise in their latest private placement?
What are the terms of GIGGF's warrant offering in the March 2025 private placement?
What is the price per unit for Giga Metals' (GIGGF) private placement announced in March 2025?
How will GIGGF use the proceeds from their $500,000 private placement?
