Robert Douglas Cudney

February 19, 2007 10:43 ET

Robert Douglas Cudney Acquires Shares of Northfield Capital Corporation

TORONTO, ONTARIO--(CCNMatthews - Feb. 19, 2007) - On February 14,2007 Robert Douglas Cudney, purchased 30,000 Class A restricted voting shares ("Class A Shares")of Northfield Capital Corporation (TSX VENTURE:NFD.A)("Northfield") at the price of $5.50 per Class A Share following the exercise of 30,000 options to purchase Class A Shares.

As of February 14,2007,Mr.Cudney owns an aggregate of 821,652 Class A Shares of which 303,946 are registered to RDC Resource Investments Inc., a corporation wholly owned by Mr. Cudney, which in total represents 29.07% of the issued and outstanding Class A Shares of Northfield. In addition, Mr. Cudney owns 3,720 Class B multiple voting shares ("Class B Shares") representing 100% of the issue and outstanding Class B Shares.

The acquisition of the Class A Shares was made for investment purposes. Mr. Cudney may from time to time acquire additional securities of Northfield, dispose of some or all of the existing or additional securities it holds or will hold,or may continue to hold its current position.

In accordance with applicable securities legislation, Mr. Cudney has filed an early warning report with the relevant securities commissions. A copy of this report may be obtained at www.sedar.com or may be requested by contacting Mr. Cudney at c/o 141 Adelaide Street West, Suite 301, Toronto, Ontario, M5H 3L5 or by telephone at 416 628-5901.

Contact Information

  • Mr. Cudney
    (416) 628-5901