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Northfield Capital Completes Acquisition Of Additional Interest In Juno Corp. And Announces Issuance Of Class B Multiple Voting Shares
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About this update from Northfield Capital Corporation Class A
[{"type":"text","content":"Northfield Capital Completes Acquisition Of Additional Interest In Juno Corp. And Announces Issuance Of Class B Multiple Voting SharesNot 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. TORONTO, ON / ACCESS Newswire / April 2, 2026 / Northfield Capital Corporation (TSX-V:NFD.A) (\"Northfield\" or the \"Company\") is pleased to announce that it has completed its previously announced transaction (the \"Juno Share Acquisition\") to acquire an aggregate of 8,664,675 common shares (\"Juno Shares\") of Juno Corp. (\"Juno\"), in accordance with the terms of the share purchase agreements entered into with five shareholders of Juno. In consideration for the Juno Shares acquired, the Company issued to such shareholders an aggregate of 6,301,580 class A restricted voting shares in the capital of the Company (the \"Class A Shares\") at a deemed issue price of $5.50 per Class A Share for an aggregate transaction value of $34,658,690. As a result of the share acquisition announced today, Northfield's ownership interest in Juno increases from approximately 23.7% to approximately 34.7%. The Juno Share Acquisition was previously announced on March 31, 2026.Separately, the Company announces the proposed issuance of an aggregate of 8,263 Class B multiple voting shares of the Company (the \"Class B Shares\") to Mr. Robert Cudney, the President, Chief Executive Officer and a director of the Company, on a non-brokered private placement basis at a price of $5.20 per Class B Share, for aggregate gross proceeds of $42,967.60 (the \"Class B Share Issue\") in order for Mr. Cudney to maintain his pro rata voting interest in respect of the Class B Shares following the completion of the Juno Share Acquisition.As of immediately prior to closing of the Juno Share Acquisition, Mr. Cudney beneficially owned, or exercised control and direction over, Class B Shares representing approximately 39.6% of the total voting power represented by the issued and outstanding voting securities of the Company. The Class B Share Issue is being undertaken to allow Mr. Cudney to maintain the total voting power represented by the Class B Shares held by Mr. Cudney immediately prior to the closing of the Juno Share Acquisition. The Class B Shares are being...