VANCOUVER, British Columbia, Nov. 06, 2025 (GLOBE NEWSWIRE) -- Scott Lendrum, CEO of Giga Metals Corp. ("Giga Metals" or the "Company") (TSXV:GIGA, OTCQB:GIGGF, FSE: BRR2)) is pleased to announce that Giga has completed the private placement previously announced on October 15, 2025.
The Company closed 3,904,109 Units at $0.11 per Non-Flow-Through Unit for gross proceeds of $429,451 and 8,637,693 Units at $0.13 per Flow-Through Unit for gross proceeds of $1,122,900. Each NFT and FT Unit consists of one share and one share purchase warrant. Each full warrant is exercisable at Cdn. $0.25 for three years, expiring October 29, 2028 and November 6, 2028 respectively. The securities issued have a hold period expiring 4 months plus one day after issuance, being March 2, 2026 and March 9, 2026 respectively.
"With the completion of the second and final tranche of our private placement, Giga Metals is well-funded to advance exploration at Turnagain," said CEO Scott Lendrum. "Our immediate focus is on evaluating underexplored areas, including the Attic zone, which shows promising potential for copper and PGE mineralization. This funding sets the stage for a productive 2026."
Finder's fees were paid on 12,250,893 Units for a total of $106,424 in cash plus a total of 857,563 finder's warrants. Each finder's warrant is exercisable into one common share of the Company at a ...
