Northfield Metals Inc.

January 30, 2007 11:36 ET

Northfield Announces Financing

TORONTO, ONTARIO--(CCNMatthews - Jan. 30, 2007) - NORTHFIELD METALS INC. ("Northfield" or the "Corporation") announces that it intends to proceed with a non brokered private placement financing (the "Private Placement") of up to 1,430,000 common shares (the "Shares") at a price of 15 cents per Share for gross proceeds to the Corporation of $214,500.

The proceeds of the Private Placement are to be used for working capital in connection with the previously announced Agreement regarding the Derinkoy Property in Turkey. The Shares issued pursuant to the Private Placement will be subject to a four-month hold period.

Contact Information

  • Northfield Metals Inc.
    Thomas G. Larsen
    Chairman, President and C.E.O.
    (416) 360-8006 or 1-800-360-8006
    (416) 361-1333 (FAX)
    or
    Northfield Metals Inc.
    Jorge Estepa
    Vice President and Secretary
    (416) 360-8006 or 1-800-360-8006
    (416) 361-1333 (FAX)