Northfield Capital Announces Grant of Options

TORONTO, May 31, 2024 (GLOBE NEWSWIRE) — Northfield Capital Corporation (TSX-V: NFD.A) (the “Company”) today announces that it has granted a total of 200,000 stock options to purchase class A restricted voting share of the Company (a “Share”) to certain directors, officers and consultants at an exercise price of $21.50 per Share, expiring on May 31, 2029. The Options will vest in three parts with one-third vesting upon shareholders of the Company approving a new omnibus equity incentive plan (the “Plan”) at its upcoming annual general and special meeting of shareholders to be held on June 27, 2024, one-third vesting on May 31, 2025 and the final one-third vesting on May 31, 2026. The grants are subject to the approval of the TSX Venture Exchange and the approval of the Plan by shareholders.

For further information, please contact:

Michael G. Leskovec, Chief Financial Officer
Telephone: (416) 628-5901

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 press release.

Forward-Looking Statements

This press release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws including, but not limited to, receipt of exchange approval in respect of the grant of Options and shareholder approval of the Plan. The use of any of the words “expect”, “anticipate”, “continue”, “estimate”, “objective”, “ongoing”, “may”, “will”, “project”, “should”, “believe”, “plans”, “intends” and similar expressions are intended to identify forward-looking information or statements. The forward-looking statements and information are based on certain key expectations and assumptions made by the Company. Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because the Company can give no assurance that they will prove to be correct.

Since forward-looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. Factors which could materially affect such forward-looking information are described in the risk factors in the Company’s most recent annual management’s discussion and analysis that is available on the Company’s profile on SEDAR+ at www.sedarplus.com. Readers are cautioned that the foregoing list of factors is not exhaustive. The forward-looking statements included in this press release are expressly qualified by this cautionary statement. The forward-looking statements and information contained in this press release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.