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Northfield Capital Completes Acquisition of Additional Interest in Juno Corp. and 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 Issuance of Class B Multiple Voting Shares\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, July 10, 2025 (GLOBE NEWSWIRE) -- Northfield Capital Corporation (TSX-V: NFD.A) (“\n \n Northfield\n \n ” or the “\n \n Company\n \n ”) is pleased to announce that it has completed its previously announced transaction (the “\n \n Juno Share Acquisition\n \n ”) to acquire an aggregate of 5,123,044 common shares (“\n \n Juno Shares\n \n ”) of Juno Corp. (“\n \n Juno\n \n ”), 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 3,725,848 class A restricted voting shares in the capital of the Company (the “\n \n Class A Shares\n \n ”). The Company also announces that it has issued an aggregate of 4,968 Class B multiple voting shares of the Company (the “\n \n Class B Shares\n \n ”) 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 $6.00 per Class B Share, for aggregate gross proceeds of $29,808‬ (the “\n \n Class B Share Issue\n \n ”).\n \n\n For further details of the Juno Share Acquisition and the Class B Share Issue (together, the “\n \n Transactions\n \n ”), please refer to the Company’s news release dated May 27, 2025.\n \n\n As a result of the share acquisition announced today, Northfield’s ownership interest in Juno increases from 16.8% to approximately 24%.\n \n\n\n About Juno Corp.\n \n\n\n Juno is a private Ontario-based exploration company and the largest mineral claimholder in the Ring of Fire, controlling over 4,600 km²— representing more than 55% of the district’s mineral claims. Juno’s 2025 exploration campaign is underway, with further drilling and data analytics aimed at expanding known mineralized zones and unlocking new targets. Backed by a strong treasury, experienc...