Northfield Metals Inc.

April 11, 2007 15:03 ET

Northfield Completes Financing

TORONTO, ONTARIO--(CCNMatthews - April 11, 2007) - NORTHFIELD METALS INC. ("Northfield" or the "Corporation") announces that its previously announced non-brokered private placement financing (the "Private Placement") was oversubscribed. The Corporation has completed the Private Placement and issued 3,000,000 common shares (the "Shares") at a price of 15 cents per Share for gross proceeds to the Corporation of $450,000.

The proceeds of the Private Placement are to be used for working capital and for exploration in connection with the previously announced agreement regarding the Derinkoy Property in Turkey. The Shares issued pursuant to the Private Placement are subject to a four-month hold period.

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)