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The latest update is out from Giga Metals Corporation ( (TSE:GIGA) ).
Giga Metals Corporation has successfully completed a non-brokered private placement, raising $432,000 through the issuance of 4,320,000 units at $0.10 per unit. Each unit includes one share and a share purchase warrant, with proceeds earmarked for general corporate purposes. The private placement did not create any control blocks, and insiders participated with 250,000 units. The completion of this placement supports Giga Metals’ operational funding, potentially enhancing its position in the nickel and cobalt mining sector.
More about Giga Metals Corporation
Giga Metals Corporation is involved in the mining industry, focusing on the development of the Turnagain Project in northern British Columbia. This project contains one of the few significant undeveloped sulphide nickel and cobalt resources globally. The company owns 85% of the project through its subsidiary, Hard Creek Nickel, with Mitsubishi Corporation holding the remaining 15%.
YTD Price Performance: -16.67%
Average Trading Volume: 53,362
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$10.56M
Find detailed analytics on GIGA stock on TipRanks’ Stock Analysis page.