Northfield Capital Corporation
TSX VENTURE : NFD.RV.A

Northfield Capital Corporation

October 25, 2005 14:31 ET

Northfield Capital Corporation Acquires Common Shares and Warrants of Vault Minerals Inc.

TORONTO, ONTARIO--(CCNMatthews - Oct. 25, 2005) - Northfield Capital Corporation ("Northfield") (TSX VENTURE:NFD.RV.A) announces that it has acquired ownership of 430,000 common shares and 215,000 share purchase warrants (the "Warrants") of Vault Minerals Inc. ("Vault"). Each such Warrant entitles the holder thereof to acquire one additional common share of Vault at a price of $0.35 per share. In the event the Warrants are fully exercised, these holdings represent approximately 3.30% of the issued and outstanding common shares of Vault as at October 24, 2005 calculated on a partially diluted basis assuming exercise of the Warrants only. As a result of this purchase, Northfield holds, as at October 24, 2005, an aggregate of 1,398,000 common shares and 685,000 securities (the "Convertible Securities") convertible into common shares of Vault, which aggregate holdings represent approximately 10.4% of the issued and outstanding common shares of Vault as at October 24, 2005 calculated on a partially diluted basis assuming exercise of the Convertible Securities only.

These transactions were made for investment purposes and Northfield could increase or decrease its investments in Vault depending on market conditions or any other relevant factor.

Additional Information

Additional information regarding Northfield is available on Northfield's website at www.northfieldcapital.com and on www.sedar.com, and through Northfield's offices by contacting:

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, Chief Financial Officer
    347 Bay Street, Suite 301, Toronto, ON M5H 2R7
    (416) 628-5901
    (416) 628-5911 (FAX)
    brent@northfieldcapital.com