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Juno Announces $18 Million Fully Allocated Non-Brokered Private Placement with Participation from Northfield Capital and Strategic Investor
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About this update from Northfield Capital Corporation Class A
[{"type":"text","content":"Juno Announces $18 Million Fully Allocated Non-Brokered Private Placement with Participation from Northfield Capital and Strategic Investor\n\n\n\n\n Not for distribution to U.S. Newswire Services or for release, publication, distribution or dissemination directly, or indirectly, in whole or in part, in or into the United States\n \n\n\n TORONTO, Nov. 19, 2025 (GLOBE NEWSWIRE) -- Northfield Capital Corporation (TSX-V: NFD.A) (“\n \n Northfield\n \n ”) and Juno Corp. (“\n \n Juno\n \n ”) are pleased to announce that Juno will be undertaking a fully-allocated non-brokered private placement (the “\n \n Juno Offering\n \n ”) to raise aggregate gross proceeds of $18 million, through the sale of a combination of (i) common shares of Juno (“\n \n HD\n \n\n Juno\n \n\n Shares\n \n ”), to be issued on a non-flow-through basis at a price of $4.00 per HD Juno Share, (ii) common shares of Juno that will qualify as “flow-through shares” as defined in subsection 66(15) of the\n \n Income Tax Act\n \n (Canada) (the “\n \n Tax Act\n \n ”) (the “\n \n FT Juno Shares\n \n ”), at a price of $4.50 per FT Juno Share, and (iii) common shares of Juno, which will qualify as “flow-through shares” as defined in subsection 66(15) of the Tax Act (each, a “\n \n Premium\n \n\n FT Juno Share\n \n ”, and together with the HD Juno Shares and the FT Juno Share, the “\n \n Juno\n \n\n Securities\n \n ”), at a price of C$5.60 per Premium FT Juno Share. Northfield has an approximately 24% ownership interest in Juno and intends to participate in the Juno Offering to maintain its\n \n pro rata\n \n ownership interest.\n \n\n The net proceeds raised from the sale of HD Juno Shares will be used by Juno to fund operational expenditures and for general corporate purposes. An amount equal to the aggregate gross proceeds raised from the sale of the FT Juno Shares and the Premium FT Juno Shares (the “\n \n Commitment Amount\n \n ”) will be used by Juno before 2026 to incur “Canadian exploration expenses” (as defined in the Tax Act) that will qualify as “flow-through critical mineral mining expenditures” within the meaning of subsection 127(9) of the Tax Act and “eligible Ontario critical...