(VANCOUVER, BC) - Giga Metals Corporation (the "Company"), trading symbol - GIGA (formerly Hard Creek Nickel Corp.) has completed the non brokered private placement of 8,333,333 Units which was announced August 3 2017.
The Company today closed 8,333,333 Units at $0.06 per Unit for gross proceeds of $500,000. Each Unit consists of one share and one share purchase warrant. Each full warrant is exercisable at Cdn. $0.07 for one year up to August 30, 2018 and at Cdn. $0.08 for up to 2 years thereafter, expiring August 30, 2020. The securities issued have a hold period expiring 4 months plus one day after issuance, being December 31, 2017.
No control blocks were created as a result of the private placement.
Proceeds of the private placement will be used for general corporate purposes. The Company also plans to be looking for new opportunities in the battery materials space.
On behalf of the Board of Directors,
MARK JARVIS, President
GIGA METALS CORPORATION
Tel: 604 681 2300
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