Business
Northfield Completes Issuance Of Class B Multiple Voting Shares
TORONTO, ON / ACCESS Newswire / April 6, 2026 / Northfield Capital Corporation (TSXV:NFD.A) (t...
About this update from Northfield Capital Corporation Class A
[{"type":"text","content":"Northfield Completes Issuance Of Class B Multiple Voting SharesTORONTO, ON / ACCESS Newswire / April 6, 2026 / Northfield Capital Corporation (TSXV:NFD.A) (the \"Corporation\") today announced the issuance of an aggregate of 8,263 Class B multiple voting shares of the Corporation (the \"Class B Shares\") to Mr. Robert Cudney, the President, Chief Executive Officer and a director of the Corporation, 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 Corporation's previously announced acquisition (the \"Juno Share Acquisition\") of 8,664,675 common shares of Juno Corp. in consideration for the issuance of 6,301,580 class A restricted voting shares in the capital of the Corporation (the \"Class A Shares\"). For additional information on the Juno Share Acquisition and the Class B Share Issue, please see the Corporation's news release dated April 2, 2026.The Class B Shares were issued in accordance with the resolutions of the shareholders of the Corporation passed at the meeting of shareholders of the Corporation held in December 1986, which authorized the board of directors of the Corporation (the \"Board\") to issue additional Class B Shares to Mr. Cudney at an issue price equal to the market price of the Class A Shares on the day before the Board approves such issuance. The Class B Shares issued to Mr. Cudney are subject to a hold period of four months plus one day from the date of closing of the Class B Share Issue, and the Corporation intends to use the net proceeds of the Class B Share Issue for working capital and general corporate purposes.Early Warning DisclosureMr. Cudney, an insider of the Corporation and an individual with beneficial ownership of, or control or direction over, securities of the Corporation carrying more than 10% of the voting rights attached to all the outstanding voting securities of the Corporation, participated in the Class B Share Issue and acquired an aggregate of 8,263 Class B Shares.Immediately prior to the closing of the Class B Share Issue (the \"Closing\"), Mr. Cudney beneficially owned and exercised control and direction over an aggregate of 5,267,541 Class A Shares...