Giga Metals Announces $500,000 Private Placement to Support Operations

Giga Metals Corporation ( (TSE:GIGA) ) just unveiled an announcement.

Giga Metals Corporation announced a non-brokered private placement to raise up to $500,000 through the sale of 5,000,000 units, each consisting of one common share and one warrant. The funds are intended for general corporate purposes and working capital, with the completion subject to TSX Venture Exchange approval. This move is part of Giga Metals’ ongoing efforts to support its operations and strengthen its financial position, potentially impacting its ability to advance the Turnagain Project.

More about Giga Metals Corporation

Giga Metals Corporation is focused on the development of the Turnagain Project in northern British Columbia, which is one of the few significant undeveloped sulphide nickel and cobalt resources globally. The project is managed through Hard Creek Nickel, a subsidiary owned 85% by Giga Metals and 15% by Mitsubishi Corporation.

Average Trading Volume: 59,057

Technical Sentiment Consensus Rating: Buy

Current Market Cap: C$12.67M

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