Giga Metals Corporation: Giga Metals Completes $6.466M Overnight Marketed Offering
Vancouver, British Columbia--(Newsfile Corp. - April 23, 2021) - Giga Metals Corp. (TSXV: GIGA) announces today that the Company has closed its previously announced overnight marketed public offering of 13,667,755 units (the "Units") of the Company, including 1,067,755 Units issued pursuant to the over-allotment option which was exercised in part, for gross proceeds of $6,466,707 (the "Offering").
The Units consisted of 8,397,455 non-flow through units (including 597,455 non-flow through units issued pursuant to the over-allotment option) priced at $0.45 comprised of one common share and one common share purchase warrant (each, a "Warrant"), and 5,270,300 flow through units (including 470,300 flow through units issued pursuant to the over-allotment option) priced at $0.51 comprised of one flow through common share and one Warrant. Each Warrant entitles the holder thereof to purchase one non-flow through common share at a price of $0.60 at any time until April 23, 2024.