Northfield Capital Corporation Press Release
22 Janeiro 2008 - 4:41PM
Marketwired
TORONTO, ONTARIO ("Northfield") 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 January 29, 2008 and ending January 28,
2009, purchase on the TSX Venture Exchange up to 144,126 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 16,600 Class
A restricted voting shares at an average price of $22.46 per share
pursuant to a normal course issuer bid that existed over a 12 month
period expiring January 9 2008.
Northfield is an investment company with interests in the
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)
Northfield Capital (TSXV:NFD.A)
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