checkAd

     117  0 Kommentare Northfield Capital Announces Proposed $5 Million Non-Brokered Private Placement and Proposed Share Split

    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

    TORONTO, June 12, 2024 (GLOBE NEWSWIRE) -- Northfield Capital Corporation (TSX-V: NFD.A) (the “Company”) is pleased to announce a non-brokered private placement of a minimum of 250,000 units of the Company (the “Units”) at a price of $20.00 per Unit for aggregate gross proceeds of at least $5,000,000 (the “Offering”). Each Unit will consist of one class A restricted voting share of the Company (a “Share”) and one-half of one share purchase warrant (each whole share purchase warrant, a “Warrant”). Each Warrant will entitle the holder thereof to purchase one Share at $25.00 per Share for a period of five (5) years following the closing date of the Offering. The Warrants will contain an acceleration clause whereby, after the expiration of the statutory hold period, if the Shares trade at a volume weighted average price of $50.00 or more for 20 consecutive trading days, the Company will have the right to accelerate the exercise period to a period ending at least 30 days from the date that notice of such acceleration is provided to the holders of the Warrants.

    The Company intends to use the net proceeds of the Offering to fund operational expenditures, retire existing debts and for general corporate purposes.

    Closing of the Offering is anticipated to occur on or about June 27, 2024 or such other date or dates as the Company may determine. All securities issued and issuable pursuant to the Offering will be subject to a hold period of four months plus one day from the date of closing of the Offering. The Offering is subject to approval by the TSX Venture Exchange (the “Exchange”).

    The Company may pay a cash commission in an amount representing 6.0% of the gross proceeds of certain purchasers of Units arranged by registered representatives of the Company.

    The securities offered will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent a registration statement or an applicable exemption from the registration requirements. The press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.

    Seite 1 von 3




    globenewswire
    0 Follower
    Autor folgen

    Verfasst von globenewswire
    Northfield Capital Announces Proposed $5 Million Non-Brokered Private Placement and Proposed Share Split 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 TORONTO, June 12, 2024 (GLOBE NEWSWIRE) - Northfield Capital …