Northfield Capital Announces Up to $10 Million Brokered Financing

Core Points - Northfield Capital Corporation is conducting a brokered financing offering units at a price of $5.50 per unit, aiming for gross proceeds of up to $10,000,001 [1][3] - Each unit consists of one class A restricted voting share and one share purchase warrant, with the warrant allowing the purchase of an additional share at $7.50 for three years [1] - The net proceeds will be allocated for operational expenditures and general corporate purposes [3] Offering Details - Integrity Capital Group Inc. is the lead agent and will receive a 6% cash commission on gross proceeds, with compensation options for agents based on units sold [2] - The offering is subject to TSX Venture Exchange approval and is expected to close around December 2, 2025 [3] Regulatory Compliance - The units will be offered under National Instrument 45-106, exempting them from a hold period in Canada [4] - Certain insiders may participate in the offering, which is classified as a related party transaction but is expected to be exempt from formal valuation and minority shareholder approval requirements [6][12] Class B Share Issue - The company plans to issue up to 2,388 Class B multiple voting shares to Mr. Robert Cudney at a price of $6.20 per share, totaling gross proceeds of up to $14,806 [8][9] - This issuance is to maintain Mr. Cudney's voting interest following the offering and is subject to Exchange approval [10][11] Company Overview - Northfield Capital Corporation is a publicly traded investment firm with a focus on resources, mining, aviation, and premium alcoholic beverages, founded in 1981 [14]