Northfield Capital Corporation-Press Release
30 January 2009 - 2:09AM
Marketwired
Northfield Capital Corporation ("Northfield")(TSX VENTURE: NFD.A)
announced today its intention to effect a normal course issuer bid
through the facilities of the TSX Venture Exchange, subject to
receipt of regulatory approval.
Upon receiving regulatory approval, Northfield may, during the
12 month period commencing February 4, 2009 and ending February 3,
2010, purchase on the TSX Venture Exchange up to 139,846 Class A
restricted voting shares in total, representing approximately 5% of
the Class A restricted voting shares currently issued and
outstanding. The price which Northfield will pay for any such
shares will be the market price at the time of acquisition. The
actual number of Class A restricted voting shares which may be
purchased and the timing of any such purchases will be determined
by Northfield. Northfield has retained Jones Gable & Company
Limited to effect purchases on its behalf pursuant to the bid.
Northfield is effecting the bid at this time as it believes that
its Class A restricted voting shares are undervalued at their
current market prices and that the purchase of Class A restricted
voting shares would be a prudent use of funds.
Northfield previously repurchased for cancellation 52,400 Class
A restricted voting shares at an average price of $14.38 per share
pursuant to a normal course issuer bid that existed over a 12 month
period expiring January 28, 2009.
Northfield is an investment company with interests in the
technology, manufacturing and resource industries.
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this news release.
Contacts: Northfield Capital Corporation Brent Peters
Vice-President, Finance and Treasurer (416) 628-5902 (416) 628-5911
(FAX)
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