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Northfield Capital Announces Up to $10 Million Brokered Financing
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About this update from Northfield Capital Corporation Class A
[{"type":"text","content":"Northfield Capital Announces Up to $10 Million Brokered Financing\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) (the “\n \n Company\n \n ”) is pleased to announce a brokered financing (the “\n \n Offering\n \n ”) of units of the Company (the “\n \n Units\n \n ”) at a price of $5.50 per Unit (the “\n \n Issue Price\n \n ”) for aggregate gross proceeds of up to $10,000,001. Each Unit will consist of one class A restricted voting share of the Company (a “\n \n Share\n \n ”) and one Share purchase warrant (a “\n \n Warrant\n \n ”). Each Warrant will entitle the holder thereof to purchase one additional Share at an exercise price of $7.50 per Share for a period of three (3) years following the closing date of the Offering.\n \n\n Integrity Capital Group Inc. is acting as lead agent and sole bookrunner under the Offering on behalf of a syndicate of agents (collectively, the “\n \n Agents\n \n ”). On the closing of the Offering, the Company will pay to the Agents a cash commission (the “\n \n Cash Commission\n \n ”) equal to 6% of the gross proceeds of the Offering and issue to the Agents compensation options of the Company (the “\n \n Compensation Options\n \n ”) to acquire, in the aggregate, that number of Units equal to 6% of the number of Units sold under the Offering (at an exercise price per Share equal to the Issue Price); provided that, in respect of subscribers identified on a president’s list of the Company, no Compensation Options will be issued and the Cash Commission will be reduced to 2%. The Compensation Options will be exercisable for a period of three (3) years following the closing date of the Offering.\n \n\n The net proceeds from the Units issued under the Offering will be used to fund operational expenditures and for general corporate purposes. Closing of the Offering remains subject to the approval of the TSX Venture Exchange (the “\n \n Exchange\n \n ”), and is expected to occur on or about December 2, 2025 or such other date or d...