Northern Financial Corporation

Northern Financial Corporation

September 11, 2007 20:04 ET

Northern Financial Corporation: Purchase of Additional Shares of Northern

TORONTO, ONTARIO--(Marketwire - Sept. 11, 2007) - Vic Alboini (the "Offeror") announced his purchase of 26,866 common shares ("Common Shares") of Northern Financial Corporation (TSX:NFC) ("Northern" or the "Company") on September 11, 2007.

The Common Shares acquired, together with the Common Shares of Northern owned or controlled by the Offeror prior to the transaction, resulted in the Offeror owning or controlling 2,829,395 Common Shares of Northern, representing 29.1% of the currently issued and outstanding Common Shares of Northern after the transaction.

The Common Shares were acquired by the Offeror for investment purposes. The Offeror may, directly or indirectly, depending on market and other conditions, acquire beneficial ownership of, control or direction over, additional Common Shares, through market transactions, private agreements or otherwise. The Offeror may, depending on market and other conditions, sell any or all of its Common Shares.

About Northern Financial Corporation

Northern Financial Corporation wholly owns Northern Securities Inc., a full service investment dealer that provides financial advisory services to retail and institutional clients and investment banking services to small capitalization companies.

Contact Information

  • Northern Securities Inc.
    Ann Krallisch
    Director, Business Development
    (416) 644-8113
    (416) 644-0270 (FAX)