Northfield Metals Inc.

January 03, 2007 17:35 ET

Northfield Metals Inc.: Exercise of Northfield Warrants

TORONTO, ONTARIO--(CCNMatthews - Jan. 3, 2007) - Northfield Metals Inc. ("Northfield" or the "Corporation") announces that upon the exercise of 1,504,427 warrants issued by the Corporation, Northfield has issued 1,504,427 common shares of Northfield, in exchange for $225,664.

As previously announced, Northfield also intends to proceed with private placement financings (the "Private Placements") to raise aggregate proceeds of up to CDN$500,000. The proceeds of the warrant exercise and Private Placements are to be used for working capital in connection with the previously announced Agreement regarding the Derinkoy Property in Turkey. The Private Placement financing terms will be finalized by the board of directors of the Corporation in January 2007.

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)