Northfield Metals Inc.

December 31, 2007 16:51 ET

Northfield Completes Financing

TORONTO, ONTARIO--(Marketwire - Dec. 31, 2007) -

NOT FOR DISSEMINATION IN THE UNITED STATES

NORTHFIELD METALS INC. (the "Corporation") announces that it has completed a non-brokered private placement (the "Private Placement") of 250,000 common shares at a price of $0.30 per share for total gross proceeds of $75,000. In connection with the Private Placement the Corporation paid $3,240 and issued 13,500 common shares of the Corporation at a deemed value of $0.30 per share as a finder's fee to an arm's length party. The common shares issued pursuant to the Private Placement are subject to a four-month hold period. The proceeds of the Private Placement are to be used for working capital.

Statements in this release that are not historical facts are "forward-looking statements" and readers are cautioned that any such statements are not guarantees of future performance, and that actual developments or results, may vary materially from those in these "forward-looking statements".

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

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)