Northfield Capital Corporation
TSX VENTURE : NFD.A

Northfield Capital Corporation

August 16, 2007 11:09 ET

Northfield Capital Corp. Acquires Securities of Aspen Group Resources Corporation

TORONTO, ONTARIO--(Marketwire - Aug. 16, 2007) - Northfield Capital Corporation (TSX VENTURE:NFD.A) ("Northfield") announces that it has acquired ownership of (i) convertible debentures (the "Debentures") of Aspen Group Resources Corp. ("Aspen") in the aggregate principal amount of $1,121,500 (convertible into 7,336,666 common shares of Aspen subject to adjustment in accordance with the terms thereof), on July 9, 2007; and (ii) an aggregate of 112,500 common shares of Aspen (the "Acquired Shares") on July 27, 2007. As at August 14, 2007, (i) the Acquired Shares represented less than 1% of the issued and outstanding common shares of Aspen; and (ii) the Acquired Shares and Debentures represented approximately 8.2% of the issued and outstanding common shares of Aspen calculated on a partially diluted basis, assuming exercise of the Debentures only.

As a result of these transactions, Northfield owns an aggregate of 9,512,687 common shares of Aspen, 543,000 common share purchase warrants of Aspen and the Debentures, representing approximately 11.3% of the issued and outstanding common shares of Aspen as at August 14, 2007 (or 19.0% calculated on a partially diluted basis, assuming the exercise of the above-noted common share purchase warrants and Debentures only). Following completion of these transactions, Northfield together with its joint actors owns an aggregate of 9,883,937 common shares of Aspen, 543,000 common share purchase warrants of Aspen, 500,000 stock options of Aspen and the Debentures, representing approximately 11.8% of the issued and outstanding common shares of Aspen as at August 14, 2007 (or 19.8% calculated on a partially diluted basis, assuming the exercise of the above-noted common share purchase warrants, stock options and Debentures only).

The Debentures were acquired in a private placement transaction and the Acquired Shares were acquired through the facilities of the Toronto Stock Exchange. These transactions were effected for investment purposes and Northfield could increase or decrease its investments in Aspen at any time, or continue to maintain its current investment position, depending on market conditions or any other relevant factor.

Additional Information

A copy of the applicable securities report filed in connection with the matters set forth above may be obtained through Northfield's offices by contacting:



Brent Peters
141 Adelaide Street West
Suite 301
Toronto, ON
M5H 3L5

Tel: (416) 628-5901
Fax: (416) 628-5911


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

Contact Information

  • Northfield Capital Corporation
    Brent Peters
    (416) 628-5901
    (416) 628-5911 (FAX)