Northfield Capital Corporation announced a non-brokered private placement of 250,000 units at a price of CAD 20 per Unit for aggregate gross proceeds of at least CAD 5,000,000 on June 12, 2024. Each Unit will consist of one class A restricted voting share of the company and one-half of one share purchase warrant. Each Warrant will entitle the holder thereof to purchase one share at CAD 25 per share for a period of five years following the closing date of the Offering.

Closing of the Offering is anticipated to occur on or about June 27, 2024 or such other date or dates as the company may determine. All securities issued and issuable pursuant to the Offering will be subject to a hold period of four months plus one day from the date of closing of the Offering. The Offering is subject to approval by the TSX Venture Exchange.

The company may pay a cash commission in an amount representing 6% of the gross proceeds of certain purchasers of units arranged by registered representatives of the company. The company anticipates that certain related parties of the company will participate in the Offering for up to an aggregate of CAD 3,000,000.