Giga Metals Announces Proposed Debt Settlement
Giga Metals (OTCQB: GIGGF) has announced a proposed debt settlement plan through share issuance. The company intends to settle approximately $63,250 in debt by issuing common shares at a deemed price of $0.10 per share.
Of the total debt, $25,000 is owed to a former officer for management services, while the remaining amount is payable to arm's length parties. The completion of this debt settlement is pending both the finalization of definitive documentation and TSX Venture Exchange approval.
Giga Metals (OTCQB: GIGGF) ha annunciato un piano proposto di risoluzione del debito tramite emissione di azioni. La societ脿 intende saldare circa 63.250$ di debito emettendo azioni ordinarie a un prezzo nominale di 0,10$ per azione.
Del debito totale, 25.000$ sono dovuti a un ex dirigente per servizi di gestione, mentre l'importo rimanente 猫 dovuto a parti indipendenti. Il completamento di questa risoluzione del debito 猫 subordinato sia alla finalizzazione della documentazione definitiva sia all'approvazione della TSX Venture Exchange.
Giga Metals (OTCQB: GIGGF) ha anunciado un plan propuesto para saldar deudas mediante la emisi贸n de acciones. La compa帽铆a tiene la intenci贸n de liquidar aproximadamente 63,250$ en deuda emitiendo acciones comunes a un precio considerado de 0.10$ por acci贸n.
Del total de la deuda, 25,000$ se adeudan a un exfuncionario por servicios de gesti贸n, mientras que el monto restante se debe a partes independientes. La finalizaci贸n de este acuerdo de deuda est谩 pendiente tanto de la documentaci贸n definitiva como de la aprobaci贸n de la Bolsa de Valores TSX Venture.
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Giga Metals (OTCQB : GIGGF) a annonc茅 un plan propos茅 de r猫glement de dette par 茅mission d'actions. La soci茅t茅 pr茅voit de r茅gler environ 63 250 $ de dettes en 茅mettant des actions ordinaires 脿 un prix consid茅r茅 de 0,10 $ par action.
Sur le total de la dette, 25 000 $ sont dus 脿 un ancien cadre pour des services de gestion, tandis que le montant restant est payable 脿 des tiers ind茅pendants. La finalisation de ce r猫glement de dette d茅pend 脿 la fois de la finalisation de la documentation d茅finitive et de l'approbation de la TSX Venture Exchange.
Giga Metals (OTCQB: GIGGF) hat einen vorgeschlagenen Schuldenregulierungsplan durch Aktienausgabe angek眉ndigt. Das Unternehmen beabsichtigt, etwa 63.250$ Schulden durch die Ausgabe von Stammaktien zu einem angenommenen Preis von 0,10$ pro Aktie zu begleichen.
Von der Gesamtschuld entfallen 25.000$ auf einen ehemaligen Gesch盲ftsf眉hrer f眉r Managementdienstleistungen, w盲hrend der verbleibende Betrag an unabh盲ngige Dritte zu zahlen ist. Der Abschluss dieser Schuldenregulierung steht noch aus und ist abh盲ngig von der Fertigstellung der endg眉ltigen Dokumentation sowie der Genehmigung durch die TSX Venture Exchange.
- Debt reduction of $63,250 without cash expenditure
- Settlement at $0.10 per share provides clarity on valuation
- Potential dilution for existing shareholders
- Significant portion of debt ($25,000) related to former officer compensation
VANCOUVER, British Columbia, July 02, 2025 (GLOBE NEWSWIRE) -- Giga Metals Corporation (TSX.V: GIGA, OTCQB: GIGGF) (the "Company") announces that it's proposing to settle an aggregate of approximately
About Giga Metals Corporation
Giga Metals Corporation鈥檚 core asset is the , 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.
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, expectations or intentions regarding the future. Such statements include, but are not limited to, the Company's the settlement of the debt through the issuance of shares and the TSX Venture Exchange's approval of such debt settlement. 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. 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
鈥淢ark Jarvis鈥�
MARK JARVIS,
President
Contact Information
Office Phone: +1 (604) 681-2300
Investor Inquiries: [email protected]
Company Website:
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.
#604-700 West Pender Street, Vancouver, BC V6C 1G8
www.gigametals.com
Tel: 604 681 2300
FAQ
What is the total debt amount GIGGF is settling through share issuance?
What is the price per share for GIGGF's debt settlement?
How much of GIGGF's debt settlement is related to former management?
What approvals are needed for GIGGF's debt settlement?
