Northfield Closes $15 Million Brokered Financing

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TORONTO, Dec. 11, 2025 (GLOBE NEWSWIRE) -- Northfield Capital Corporation (TSX-V: NFD.A) (the “Company” or “Northfield”) is pleased to announce the closing of its previously announced, upsized brokered financing (the “Offering”) of 2,727,272 units of the Company (the “Units”) at a price of $5.50 per Unit for aggregate gross proceeds of $15 million. Each Unit consists of one class A restricted voting share of the Company (a “Share” or “Class A Share”) and one Share purchase warrant (a “Warrant”). Each Warrant entitles the holder thereof to purchase one additional Share at an exercise price of $7.50 per Share at any time from February 9, 2026 until December 10, 2028, subject to adjustment in certain events.

Integrity Capital Group Inc. (the “Agent”) acted as the sole agent and bookrunner under the Offering. In connection with the Offering and as consideration for its services, the Company paid to the Agent, and certain selling group members, a cash commission and issued to the Agent, and certain selling group members, 120,000 non-transferrable compensation options of the Company (the “Compensation Options”). Each Compensation Option entitles the holder thereof to acquire one Share at a price of $5.50 per Share at any time on or before December 10, 2028, subject to adjustment in certain events.

The net proceeds from the Units issued under the Offering will be used to fund operational expenditures and for general corporate purposes.

Robert Cudney, President and Chief Executive Officer of the Company, noted, “We are grateful for the strong support from investors and thank all the advisors involved in completing this financing. This capital strengthens Northfield’s position as we continue to build long-term shareholder value.”

The Units were offered pursuant to Part 5A of National Instrument 45-106 - Prospectus Exemptions, as amended by Coordinated Blanket Order 45-935 - Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (the “Listed Issuer Financing Exemption”), and will not be subject to a hold period under Canadian securities laws. An amended and restated offering document dated December 1, 2025 related to the Offering can be accessed under the Company’s issuer profile at www.sedarplus.ca and at the Company’s website at www.northfieldcapital.com.