Giga Metals - Options Granted

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Rhea-AI Summary

Giga Metals (TSX.V - GIGA) announced the granting of 1,000,000 stock options to Directors, Employees and Consultants. The options are exercisable at $0.20 per share and will expire on November 14, 2029. The vesting schedule includes 25% immediate vesting, with an additional 25% vesting annually. All options will fully vest in the event of a company change of control.

Positive

None.

Negative

Potential shareholder dilution through 1,000,000 new stock options

11/14/2024 - 01:00 PM

VANCOUVER, British Columbia, Nov. 14, 2024 (GLOBE NEWSWIRE) -- Giga Metals Corporation (TSX.V - GIGA) today announced that, pursuant to its Stock Option Plan, approved by the TSX Venture Exchange, the Company will be granting 1,000,000 stock options to certain Directors, Employees and Consultants, exercisable at $0.20 per share, expiring November 14, 2029. 25% of the options will vest immediately, with an additional 25% vesting on each anniversary after issuance. 100% of the options will vest in the event of a change of control of the Company.

On behalf of the Board of Directors,

“Mark Jarvis”

MARK JARVIS, CEO
GIGA METALS CORPORATION
Tel – 604 681 2300

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

T: 604-681-2300 E: info@gigametals.com W: www.gigametals.com