Giga Metals Corp. (TSXV: GIGA) (OTCQX: HNCKF)is undertaking an overnight marketed public offering of common share units for anticipated gross proceeds of up to C$7.5 million.
The Offering is expected to be completed pursuant to an underwriting agreement to be entered into between the company and Cantor Fitzgerald Canada Corporation (CFCC), as lead underwriter and sole bookrunner, acting on its own behalf and on behalf of a syndicate of underwriters (collectively with the Lead Underwriter).
Anticipated use of proceeds received from the sale of the Offered 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 closing of the Offering is expected to occur on or about February 7, 2022 and is subject to the completion of formal documentation and receipt of regulatory approvals, including the approval of the TSX Venture Exchange.
For further information please visit: https://gigametals.com
