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.
About Giga Metals
Giga Metals Corporation is focused on metals critical to modern batteries, especially those used in Electric Vehicles and Energy Storage. Nickel and Cobalt are metals of particular interest. The Company’s Turnagain Project, a nickel and cobalt resource located in northern British Columbia, is a core asset which contains substantial quantities of these two critical battery metals. Giga is actively seeking other projects in the battery metals space with the goal of building a portfolio of quality assets capable of supplying critical materials to the battery industry.
