Giga Metals Corp. (TSXV:GIGA) (OTCQX – HNCKF) has entered into an underwriting agreement with a syndicate of underwriters led by Cantor Fitzgerald Canada Corporation (CFCC) in relation to its previously announced over-night marketed public offering.
CFCC will act as lead underwriter and sole bookrunner, with the underwriters including Canaccord Genuity Corp., Haywood Securities Inc., and Echelon Wealth Partners Inc.
The offer is for the sale of 10,900,000 common share units at a price to the public of C$0.34 per Unit for gross proceeds to the company of approximately C$3.7 million.
Anticipated use of proceeds received from the sale of the Units will be used for development and exploration expenses at the Turnagain Project in British Columbia including undertaking a Pre-Feasibility Study, as well as for general corporate expenses.
The Offering is expected to close on or about February 8, 2022 (and will be subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange of the listing of the Common Shares and Warrants (including the Common Shares and Warrants comprising the Units, the Common Shares issuable upon the exercise of the Warrants, and the Warrants and Common Shares issuable pursuant to the exercise of the Broker Warrants).
For further information please visit: https://gigametals.com/
