Northfield Capital Announces Transaction to Acquire Remaining Minority Interest of Northfield Aviation

TORONTO, May 05, 2025 (GLOBE NEWSWIRE) -- Northfield Capital Corporation (TSX-V: NFD.A) (“Northfield” or the “Corporation”) is pleased to announce that its wholly-owned subsidiary, Spruce Goose Aviation Inc. (“Spruce Goose”), has entered into a share purchase agreement dated May 5, 2025 (the “Share Purchase Agreement”) with Iain Hayden (the “Vendor”), to acquire all of the shares (the “Purchased Shares”) of Northfield Aviation Group Inc. (“Northfield Aviation”) not already owned by Spruce Goose. In consideration for the Purchased Shares, Spruce Goose will cause the Corporation to issue to the Vendor 60,000 Class A restricted voting shares of the Corporation (the “Consideration Shares”), at a deemed issue price of C$5.23 per share.