VANCOUVER, B.C., Sept. 29, 2017 (GLOBE NEWSWIRE) -- Mark Jarvis, CEO of Giga Metals Corp. (TSX.V:GIGA), today announced a non-brokered Private Placement of up to 4,300,000 units at a price of $0.35 per unit for total gross proceeds of up to $1,505,000.00.
Each unit will consist of one share and one-half warrant. The warrants will have a term of 3 years from the date of closing and each full warrant will be exercisable for one new share at a price of $0.45.
Use of proceeds will be used for general corporate purposes, metallurgical and engineering studies of the company’s Turnagain project and for potential acquisitions in the battery materials space.
The financing is subject to regulatory approval.
On behalf of the Board of Directors,
“Mark Jarvis”
MARK JARVIS, CEO
GIGA METALS CORPORATION
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Mark Jarvis, President
Giga Metals Corporation
Suite 203, 700 West Pender Street
Vancouver, BC, Canada V6C 1G8
Tel: 604 681 2300