Northfield Capital Corporation

Northfield Capital Corporation

January 05, 2007 10:22 ET

Northfield Capital Corporation-News Release

TORONTO, ONTARIO--(CCNMatthews - Jan. 5, 2007) - Northfield Capital Corporation (TSX VENTURE:NFD.A) ("Northfield") announced today its intention to effect a normal course issuer bid through the facilities of the TSX Venture Exchange, subject to receipt of regulatory approval.

Upon receiving regulatory approval, Northfield may, during the 12 month period commencing January 10, 2007 and ending January 9, 2008, purchase on the TSX Venture Exchange up to 138,356 Class A restricted voting shares in total, representing approximately 5% of the Class A restricted voting shares currently issued and outstanding. The price which Northfield will pay for any such shares will be the market price at the time of acquisition. The actual number of Class A restricted voting shares which may be purchased and the timing of any such purchases will be determined by Northfield. Northfield has retained Jones Gable & Company Limited to effect purchases on its behalf pursuant to the bid.

Northfield previously repurchased for cancellation 17,200 Class A restricted voting shares at an average price of $16.24 per share pursuant to a normal course issuer bid that existed over a 12 month period expiring December 24, 2006.

Northfield is an investment company with interests in the technology, manufacturing and resource industries.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.

Contact Information

  • Northfield Capital Corporation
    Brent Peters
    Vice-President, Finance and Treasurer
    (416) 628-5902
    (416) 628-5911 (FAX)