Giga Metals Corp. (GIGA) has closed its previously announced overnight marketed public offering for gross proceeds of $4,105,738.
The company issued 12,075,700 common share units, including 1,175,700 units issued pursuant to the partially exercised over-allotment option.
The units were priced at $0.34 and include one common share and one share purchase warrant. Each warrant entitles the holder to purchase one additional share at a price of $0.45 at any time until February 8, 2025.
Cantor Fitzgerald Canada Corporation acted as lead underwriter and sole bookrunner for the offering.
Proceeds will be used for development and exploration expenses at the Turnagain Project in British Columbia.
Giga Metals Corporation is a Canadian-based mineral exploration company focused on metals critical to modern batteries. The company’s core asset is the Turnagain Project, located in northern British Columbia.
Shares of Giga Metals Corporation (GIGA) opened trading at C$0.315.