Giga Metals (GIGA-V) Friday Oct 13th 2017 has amended its non-brokered private placement of 4.3 million units, previously announced Sept. 29, 2017. The company has increased the issue from 4.3 million to up to 6.75 million units priced at 35 cents for gross proceeds of up to $2,362,500.
Each unit will consist of one share and one-half warrant. The warrants will have a term of three years from the date of closing, and each full warrant will be exercisable for one new share at a price of 45 cents.
Proceeds will be used for general corporate purposes, metallurgical and engineering studies of the company's Turnagain project, and for potential acquisitions in the battery materials space.
Finders' fees may be paid on some or all of the units placed. The finders' fees will consist of 6 per cent of the gross cash proceeds payable in cash and finder warrants equal to 6 per cent of the units placed. Each finder warrant will be exercisable at 35 cents for a term of one year after the closing date of the private placement.
On behalf of the Board of Directors,
“Mark Jarvis”
MARK JARVIS, President
GIGA METALS CORPORATION
Tel: 604 681 2300
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.
Mark Jarvis, President
Giga Metals Corporation
Suite 203, 700 West Pender Street
Vancouver, BC, Canada V6C 1G8
Tel: 604 681 2300 |
