CST: 08/12/2016 19:52:35   

Northfield Capital Corporation Acquires Securities of Canadian Orebodies Inc.

337 Days ago

TORONTO, ONTARIO--(Marketwired - Jan 5, 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 (i) 1,395,000 common shares (the "Initial Shares") of Canadian Orebodies Inc. (the "Company") on December 24, 2015; and (ii) 10,000,000 common shares of the Company (the "Second Tranche Shares" and collectively with the Initial Shares, the "Subject Shares") on December 31, 2015. The Initial Shares represented approximately 4.2% of all issued and outstanding common shares of the Company as of December 24, 2015, and the Second Tranche Shares represented approximately 11.9% of the issued and outstanding common shares of the Company as of December 31, 2015.

Upon completion of the acquisition of the Initial Shares described above, Northfield owned and controlled an aggregate of 4,645,000 common shares, representing approximately 14.1% of the issued and outstanding common shares of the Company as of December 24, 2015.

Upon completion of the transactions described above, Northfield owns and controls an aggregate of 14,645,000 Subject Shares, representing approximately 17.4% of the issued and outstanding common shares of the Company as of December 31, 2015.

Upon completion of the transactions described above, Northfield, together with its joint actor own and control an aggregate of 14,708,600 common shares of the Company, representing approximately 17.5% of the issued and outstanding common shares of the Company as of December 31, 2015 (of which total (i) the 14,645,000 Subject Shares are owned by Northfield directly, representing approximately 17.4% of the issued and outstanding common shares of the Company as of December 31, 2015; and (ii) 63,600 common shares are owned by its joint actor, representing approximately 0.1% of the issued and outstanding common shares of the Company as of December 31, 2015).

The Subject Shares were acquired in a private placement transaction which did not take place through the facilities of any market for the Company's securities. This transaction was effected for investment purposes and Northfield and its joint actor could increase or decrease their investments in the Company at any time, or continue to maintain their current investment position, depending on market conditions or any other relevant factor. The Initial Shares were acquired for a purchase price of $0.016 per share, and the Second Tranche Shares were acquired for a purchase price of $0.02 per share, pursuant to the exemption contained in Section 2.3 of National Instrument 45-106 on the basis that Northfield is an accredited investor as defined in such instrument.

Additional Information

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.

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.

Brent Peters
Northfield Capital Corporation
141 Adelaide Street West, Suite 301
Toronto, ON M5H 3L5
Tel: (416) 628-5901
Fax: (416) 628-5911