Giga Metals Announces Non-Brokered Private Placement

July 17, 2024

Vancouver, B.C., Canada – 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 10,000,000 units (“Units”) at a price of $0.15 per Unit to raise gross proceeds of up to $1,500,000.

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 $0.22 per Warrant Share.

The Company plans to use the net proceeds of the Private Placement for general corporate purposes and working capital. 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 85% by Giga Metals Corporation and 15% by Mitsubishi Corporation. The Pre-Feasibility Study was released in October 2023.

On behalf of the Board of Directors,

MARK JARVIS
CEO
Contact Information
Office Phone: +1 (604) 681-2300
Investor Inquiries: info@gigametals.com
Company Website: www.gigametals.com

NT4