06:51 AM EST, 12/27/2024 (MT Newswires) -- Northfield Capital (NFD-A.V) on Tuesday said it agreed with five Voyageur Mineral Explorers ( CPEFF ) sharehloders to buy from them 4.8 million Voyageur common shares in return for 143,619 class A restricted voting shares in Northfield.

The deal, which is slated to close on Jan. 2, will raise Northfield's stake in Voyageur to 52% from 37%.

Each Voyageur share will be exchanged for 0.029999983 of a Northfield share.

The Northfield shares have a deemed value of $20 apiece for a total deal value of $2.9 million.