01:54 PM EDT, 03/19/2025 (MT Newswires) -- Giga Metals ( GIGGF ) was at last look down 4% on Wednesday after the company said it intends to complete a non-brokered private placement of up to 5-million units at $0.10 per unit for proceeds of up to $500,000.

The company said each unit will consist of a share and a three-year warrant to buy a second share foe $0.15.

Giga Metals ( GIGGF ) plans to use proceeds for general corporate purposes and working capital.

Shares of the company were last seen down $0.005 to $0.115 on the TSX Venture Exchange.