Giga Metals Corp. (TSXV – GIGA) (OTCQX – HNCKF) has closed its previously announced overnight marketed public offering of 12,075,700 common share units of the company, including 1,175,700 Units issued pursuant to the over-allotment option, which was exercised in part, for gross proceeds of $4,105,738.
The Offering was completed pursuant to an underwriting agreement dated February 3, 2022, among the Company and Cantor Fitzgerald Canada Corporation, as lead underwriter and sole bookrunner, and a syndicate of underwriters including Canaccord Genuity Corp., Echelon Wealth Partners Inc. and Haywood Securities Inc.
The company intends to use the net proceeds from the Offering 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, as further set out in the company’s prospectus supplement to the final short form prospectus dated January 31, 2022.
About Giga Metals
Giga Metals Corporation is focused on metals critical to modern batteries, especially those used in Electric Vehicles and Energy Storage. The company’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. The company is also exploring for sediment hosted copper deposits in Brazil.
For further information please visit: https://gigametals.com
