Giga Metals Announces Final Closing and Increase of Non-Brokered Private Placement
June 2, 2026 TSX.V - GIGA
Giga Metals Announces Final Closing and Increase of
Non-Brokered Private Placement
NOT FOR DISTRIBUTION TO U.S. NEWSWIRES OR DISSEMINATION IN THE UNITED STATES
(Vancouver, B.C., Canada) Giga Metals Corp. (“Giga Metals” or the “Company”) (TSX-V: GIGA;
OTCQB: GIGGF; FSE: BRR2) is pleased to announce that it has completed its private placement
announced on April 15, 2026. Due to demand, the initial private placement has been further
increased to 17,811,000 Units at a price of $0.08 per share for gross proceeds of $1.425 million.
Each Unit consists of one common share of the Company and one non -transferable share
purchase warrant. Each whole warrant will be exercisable into one common share of the
Company at an exercise price of C$0.15, for a period of three years, expiring April 30, 2029 and
June 2, 2029 respectively. The securities issued have a hold period expiring 4 months plus one
day after issuance, being August 31, 2026 and October 5, 2026.
“On behalf of Giga, we want to welcome new shareholders as well as thank our existing
shareholders for their continued support. Giga Metals is well-funded to advance exploration at
Turnagain and our ongoing strategic partnership discussions,” said CEO Scott Lendrum. “The
next phase of our geophysics program is scheduled to kick off next month and we are
anticipating a busy summer at site as we continue to evaluate the potential of the Attic Zone at
Turnagain.”
Finder's fees were paid on 10,457,500 Units for a total of $58,562 in cash plus a total of 732,025
finder's warrants. Each finder's warrant is exercisable into one common share of the Company
at a price of $0.08 per common shares for a period of three years from the date of issuance,
being April 30, 2029 and June 2, 2029 respectively.
The proceeds of the Private Placement will be used to advance development activities at the
Turnagain project; exploration activities at Turnagain focusing on the Attic zone; and for general
corporate purposes.
No control blocks were created as a result of this private placement.
The securities offered have not been registered under the U.S. Securities Act of 1933, as
amended, and may not be offered or sold in the United States absent registration or an
applicable exemption from the registration requirements. This press release shall not constitute
an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in
any State in which such offer, solicitation or sale would be unlawful.
About Giga Metals Corporation
Giga Metals Corporation’s core asset is the Turnagain Project, located in northern British
Columbia, which contains one of the few significant undeveloped sulphide nickel and cobalt
resources in the world. Turnagain is held in Hard Creek Nickel, a subsidiary owned jointly by
Giga Metals Corporation and Mitsubishi Corporation. The Pre-Feasibility Study was released in
October 2023. The Turnagain ultramafic complex is also prospective for copper, platinum and
palladium mineralization in the Attic Zone, an area adjacent to the known nickel resource.
Forward-looking Statements
Certain statements in this news release are forward -looking statements, which reflect the
expectations of the Company. Forward-looking statements consist of statements that are not
purely historical, including any statements regarding beliefs, plans, expectations or intentions
regarding the future. Such statements include, but are not limited to, completion of the Private
Placement and any additional funding for the Turnagain Project. No assurance can be given that
any of the events anticipated by the forward-looking statements will occur or, if they do occur,
what benefits the Company will obtain from them. These forward-looking statements reflect
management's current views and are based on certain expectations, estimates and
assumptions which may prove to be incorrect. A number of risks and uncertainties could cause
our actual results to differ materially from those expressed or implied by the forward-looking
statements, including: the conditions to closing of the Private Placement may be not be
satisfied; the Company may not be able to locate suitable investors for the Private Placement
and the terms for any additional funding of the Turnagain Project may not be finalized. These
forward-looking statements are made as of the date of this news release and, except as required
by applicable securities laws, the Company assumes no obligation to update these forward-
looking statements, or to update the reasons why actual results differed from those projected in
the forward-looking statements.
On behalf of the Board of Directors of Giga Metals Corporation
“Scott Lendrum”
SCOTT LENDRUM,
CEO and Director
Contact Information
Office Phone: +1 (604) 681-2300
Investor Inquiries: [email protected]
Company Website: www.gigametals.com
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.
Suite 604 – 700 West Pender St., Vancouver, BC, Canada V6C 1G8