Giga Metals Announces Non-Brokered Private Placement
Giga Metals Announces Non-Brokered Private Placement
NOT FOR DISTRIBUTION TO U.S. NEWSWIRES OR DISSEMINATION IN THE UNITED STATES
VANCOUVER, British Columbia, April 15, 2026 -- Giga Metals Corp. (“Giga Metals” or the “Company”) (TSX-V: GIGA; OTCQB:
GIGGF; FSE: BRR2) is pleased to announce a non-brokered private placement (the “Private Placement”) of a Unit Offering
(“Units”) in the Company, for aggregate gross proceeds of up to C$1,000,000, at a price of $0.08 per Unit.
Each Unit will consist of one (1) common share of the Company and one (1) non-transferable share purchase warrant. Each
whole warrant will be exercisable into one (1) common share of the Company at an exercise price of C$0.15, for a period of
two (2) years from the closing of the Private Placement (“Closing”).
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.
Closing is anticipated to occur on or about May 5, 2026, and is subject to certain closing conditions, including the approval of
the TSX Venture Exchange (the “TSXV”). The Company may pay finder’s fees in cash or securities to certain arm’s length
finders engaged in connection with the Private Placement, subject to the approval of the TSXV. The securities issued in the
Private Placement will be subject to a four-month hold period in accordance with applicable securities laws.
It is expected that certain directors and officers of the Company (the "Insiders") may participate in the Offering. The
participation of Insiders in the Offering will constitute a "related party transaction" within the meaning of Multilateral Instrument
61-101 – Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company anticipates relying on
exemptions from the minority shareholder approval and formal valuation requirements applicable to the related-party
transactions under sections 5.5(a) and 5.7(1)(a), respectively, of MI 61-101, as neither the fair market value of the securities to
be acquired by the participating Insiders nor the consideration to be paid by such directors and officers is anticipated to
exceed 25 percent of the Company's market capitalization.
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 sulfide 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