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Giga Metals Corporation ( (TSE:GIGA) ) has issued an announcement.
Giga Metals Corporation has successfully completed a non-brokered private placement, raising $432,000 through the issuance of 4,320,000 units. The proceeds from this private placement will be used for general corporate purposes, and no control blocks were created as a result. This financial move is part of Giga Metals’ ongoing efforts to advance its core asset, the Turnagain Project, which positions the company strategically within the nickel and cobalt resource market.
More about Giga Metals Corporation
Giga Metals Corporation is focused on the development of the Turnagain Project in northern British Columbia, which holds 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.
YTD Price Performance: -16.67%
Average Trading Volume: 53,362
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$10.56M
For an in-depth examination of GIGA stock, go to TipRanks’ Stock Analysis page.