TORONTO, ONTARIO--(Marketwired - March 31, 2016) - Northfield Capital Corporation ("Northfield") (TSX VENTURE:NFD.A) of 141 Adelaide Street West, Suite 301, Toronto, Ontario announces that it has acquired ownership and control of an aggregate of 500,000 common shares of Nighthawk Gold Corp. ("Nighthawk") at a cost of $0.10 per share, through an acquisition of shares through the facilities of the TSX Venture Exchange on March 30, 2016, representing approximately 0.9% of the issued and outstanding common shares of Nighthawk as at March 30, 2016.
Upon completion of the transaction described above, Northfield owns and controls an aggregate of 10,255,091 common shares of Nighthawk and 1,400,000 convertible securities of Nighthawk, representing approximately 17.5% of the issued and outstanding common shares of Nighthawk immediately following the transaction described above (or approximately 19.5% calculated on a partially diluted basis, assuming the exercise of 1,400,000 convertible securities only). Upon completion of the transaction described above, Northfield, together with its joint actor, Mr. Robert Cudney, own and control an aggregate of 10,365,091 common shares of Nighthawk (of which 10,255,091 common shares are owned by Northfield directly and 110,000 common shares are owned by Mr. Cudney) and 1,400,000 convertible securities (of which 1,400,000 convertible securities are owned by Northfield directly), representing approximately 17.7% of the issued and outstanding common shares of Nighthawk immediately following the transaction described above (or approximately 19.7% calculated on a partially diluted basis, assuming the exercise of the 1,400,000 convertible securities only).
The common shares were acquired in an acquisition through the facilities of the TSX Venture Exchange. This transaction was effected for investment purposes and Northfield and its joint actor, Mr. Cudney, could increase or decrease their investments in Nighthawk at any time, or continue to maintain their current investment position, depending on market conditions or any other relevant factor. The common shares were acquired for a purchase price of Cdn$0.10 per share for aggregate consideration of $50,075.
A copy of the applicable securities report filed in connection with the matters set forth above may be obtained through Northfield's offices by contacting Brent Peters via the contact information listed below.
NEITHER THE 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 Corporation
141 Adelaide Street West, Suite 301
Toronto, ON M5H 3L5
Tel: (416) 628-5901
Fax: (416) 628-5911