Northfield Capital Corporation
TSX VENTURE : NFD.A

Northfield Capital Corporation

September 29, 2011 11:56 ET

Northfield Capital Corp. Acquires Securities of Canadian Orebodies Inc.

TORONTO, ONTARIO--(Marketwire - Sept. 29, 2011) - Northfield Capital Corporation (TSX VENTURE:NFD.A) ("Northfield") announces that it has acquired ownership of an aggregate of 8,094,400 common shares of Canadian Orebodies Inc. (the "Company"), representing approximately 8.1% of the issued and outstanding common shares of the Company as at September 29, 2011.

As at September 29, 2011, Northfield owns and controls an aggregate of 8,094,400 common shares of the Company and 2,841,950 convertible securities of the Company (the "Convertible Securities"), representing approximately 8.1% of the issued and outstanding common shares of the Company as of such date (or approximately 10.6% calculated on a partially diluted basis, assuming the exercise of the 2,841,950 Convertible Securities only). As of September 29, 2011, Northfield, together with its joint actors, own and control an aggregate of 8,144,400 common shares of the Company (of which 8,094,400 common shares are owned by Northfield directly and 50,000 common shares are owned by its joint actors) and 2,841,950 Convertible Securities (all of which are owned by Northfield directly), representing approximately 8.1% of the issued and outstanding common shares of the Company as of such date (or approximately 10.7% calculated on a partially diluted basis, assuming the exercise of the 2,841,950 Convertible Securities only).

The securities of the Company acquired by Northfield giving rise to the obligation to issue this press release were acquired through the facilities of the TSX Venture Exchange. This transaction was effected for investment purposes and Northfield and its joint actors could increase or decrease their investments in the Company at any time, or continue to maintain their current investment position, depending on market conditions or any other relevant factor. The securities of the Company acquired by Northfield giving rise to the obligation to issue this press release were acquired in a series of transactions at purchase prices ranging between $0.23 and $0.40 per share.

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
Northfield Capital Corporation
141 Adelaide Street West
Suite 301
Toronto, ON
M5H 3L5
Tel: (416) 628-5901
Fax: (416) 628-5911

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Contact Information

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