Home / Mining Company News Releases (Unreviewed) / Giga Metals Completes First Tranche of Non-Brokered Private Placement

Giga Metals Completes First Tranche of Non-Brokered Private Placement

Vancouver, British Columbia–(Newsfile Corp. – December 20, 2017) – Giga Metals Corp. (TSXV: GIGA) announces that it has completed the first tranche of the 3.4 Million Unit non-brokered private placement previously announced December 15, 2017.

The Company completed the placement of 1,813,333 Units at $0.60 Cdn. per Unit for gross proceeds of $1,088,000.

There was no insider or pro group participation. A 6% finder’s fee of $11,160 and 18,600 finder warrants was paid on a portion of the financing.

Use of proceeds will be for general corporate purposes, metallurgical and engineering studies of the company’s Turnagain project and for potential acquisitions in the battery materials space.

The private placement remains subject to regulatory acceptance and approval.

On behalf of the Board of Directors,

“Mark Jarvis”

MARK JARVIS, CEO
GIGA METALS CORPORATION

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Giga Metals Corporation
T: 604-681-2300
E: [email protected]
W: www.gigametals.com

 

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