Juno Announces $18 Million Fully Allocated Non-Brokered Private Placement with Participation from Northfield Capital and Strategic Investor

Core Viewpoint - Juno Corp. is conducting a non-brokered private placement to raise $18 million through the sale of various types of common shares, with Northfield Capital Corporation intending to maintain its ownership stake in Juno [1][2][6]. Group 1: Juno Offering Details - The Juno Offering will consist of three types of shares: HD Juno Shares at $4.00 each, FT Juno Shares at $4.50 each, and Premium FT Juno Shares at C$5.60 each [1]. - The net proceeds from the HD Juno Shares will be allocated for operational expenditures and general corporate purposes, while proceeds from FT and Premium FT Juno Shares will fund Canadian exploration expenses [2]. - The offering will be conducted in compliance with Canadian securities laws and will also be available to U.S. investors under specific exemptions [3]. Group 2: Participation and Ownership - Northfield Capital Corporation plans to acquire 875,000 HD Juno Shares to maintain its approximately 24% ownership interest in Juno [1][6]. - Juno's strategic investor is expected to acquire up to an additional 2,500,000 common shares as part of the offering [5]. - Northfield's participation is classified as a Non-Arm's Length Transaction, exempting it from certain regulatory requirements due to the fair market value being below 25% of its market capitalization [6]. Group 3: Company Background - Northfield Capital Corporation is a publicly traded investment firm with a focus on resources, mining, aviation, and premium alcoholic beverages, established in 1981 [8]. - Juno Corp. is a private exploration company based in Ontario, holding the largest mineral claims in the Ring of Fire, covering 5,300 km² [9].