Giga Metals Completes First Tranche of Non-Brokered Private Placement
April 30, 2026 TSX.V - GIGA
Giga Metals Completes First Tranche 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 further to its news release
dated April 27, 2026, the Company has closed the first tranche of its private placement for
11,473,500 units at a price of $0.08 per unit for gross proceeds of $917,880.
Each Unit consists 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 three (3) years from the closing
of the Private Placement (“Closing”).
The securities issued have a hold period expiring 4 months plus one day after issuance, being
August 31, 2026.
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.
Completion of a second tranche of the private placement is anticipated to occur on or about
May 15, 2026 or such other date as the Company may determine, and is subject to certain
closing conditions, including, but not limited to, the receipt of all necessary regulatory
approvals including the approval of the TSX Venture Exchange (the “TSXV”).
Finder's fees were paid on 9,607,500 Units for a total of $53,802 in cash plus a total of
627,525 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, 2026.
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 sha ll 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, expec tations 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