Giga Metals Targets $1.5M Capital Raise and Project Development

Giga Metals Corporation (TSE:GIGA) has released an update.

Giga Metals Corporation is set to raise $1.5 million through a non-brokered private placement of 10 million units at $0.15 each, with plans to allocate the proceeds for general corporate purposes and working capital. The units include a common share and a purchase warrant, with the latter allowing the acquisition of additional shares at a set price over a three-year period. Additionally, the company is exploring further development options for its Turnagain Project, a significant undeveloped sulphide nickel and cobalt resource.

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