Giga Metals engages MarketSmart for IR services

Rhea-AI Summary

Giga Metals (TSX.V: GIGA, OTCQX: GIGGF) has signed an agreement with MarketSmart Communications for investor relations services. The initial 6-month contract, starting November 7, 2024, includes a monthly fee of $7,500 plus taxes. MarketSmart will receive stock options for 300,000 common shares at $0.20 per share, valid for 24 months. The options will vest quarterly over 12 months, subject to TSX Venture Exchange approval.

Positive

• None.

Negative

• Additional monthly expenses of $7,500 for IR services
• Potential shareholder dilution from 300,000 stock options granted at $0.20 per share

VANCOUVER, British Columbia, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Mark Jarvis, CEO of Giga Metals Corp. (TSX.V: GIGA, OTCQX: GIGGF) announced today that it has entered into an agreement with MarketSmart Communications Inc. (“MarketSmart”) pursuant to which MarketSmart will provide investor relations (IR) services to Giga Metals for an initial term of 6 months, commencing as of today’s date, November 7, 2024.

Giga will pay MarketSmart a fee of $7,500 per month, plus applicable taxes, and MarketSmart will also be granted stock options to purchase 300,000 common shares of Giga Metals at a price of $0.20 per share for a term of 24 months. The options will vest quarterly over 12 months, in accordance with Giga’s stock option plan and as required by the policies of the TSX Venture Exchange.

The investor relations agreement and grant of stock options are subject to the approval of the TSX Venture Exchange.

About Market Smart

MarketSmart is a Vancouver, British Columbia-based corporate communications service provider, built over the last two decades, who benefit from a deep industry knowledge in venture capital and small cap investing. MarketSmart brings a variety of small to mid-cap opportunities for investing pioneers who are continually seeking new endeavours in venture capital investing. MarketSmart was established in 2002 and has worked with many TSX Venture listed companies in assisting them in developing their corporate profile within the investment community. MarketSmart is committed to providing value and outstanding service.

About Giga Metals Corporation

Giga Metals Corporation’s core asset is the Turnagain Project, 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 85% by Giga Metals Corporation and 15% by Mitsubishi Corporation. The Pre-Feasibility Study was released in October 2023.

On behalf of the Board of Directors of Giga Metals Corporation

“Mark Jarvis”

MARK JARVIS,
CEO

Contact Information
Office Phone: +1 (604) 681-2300
Investor Inquiries: info@gigametals.com
Company Website: www.gigametals.com

Contact: MarketSmart Communications – 877-261-4466

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.

Suite 203 – 700 West Pender St., Vancouver, BC, Canada V6C 1G8

FAQ

What are the terms of Giga Metals' (GIGGF) agreement with MarketSmart Communications?

The agreement includes a 6-month term starting November 7, 2024, with a monthly fee of $7,500 plus taxes, and 300,000 stock options at $0.20 per share vesting quarterly over 12 months.

How many stock options did Giga Metals (GIGGF) grant to MarketSmart in November 2024?

Giga Metals granted MarketSmart 300,000 stock options at $0.20 per share with a 24-month term, vesting quarterly over 12 months.

What is the monthly cost of Giga Metals' (GIGGF) new IR services agreement?

The monthly cost is $7,500 plus applicable taxes for MarketSmart's investor relations services.