Northfield Capital Corporation Announces Normal Course Issuer Bid
March 07 2014 - 5:32PM
Marketwired
Northfield Capital Corporation Announces Normal Course Issuer Bid
TORONTO, ONTARIO--(Marketwired - Mar 7, 2014) - Northfield
Capital Corporation (TSX-VENTURE:NFD.A) ("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 March 14, 2014 and ending March 13,
2015, purchase on the TSX Venture Exchange up to 132,110 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 13,650 Class
A restricted voting shares at an average price of approximately
$23.48 (including commissions) per share pursuant to a normal
course issuer bid that existed over a 12 month period expiring
March 4, 2014.
Northfield is an investment company with interests in the
technology, manufacturing and resource industries.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Northfield Capital CorporationBrent PetersVice-President,
Finance and Treasurer(416) 416-628-5902(416) 416-628-5911
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