NFX Completes $250,000 Financing with MineralFields
Toronto, Canada: July 12, 2007 – NFX GOLD INC. (NFX: TSX Venture Exchange) (“NFX” or the
“Company”) is pleased to announce that it has completed its previously announced non-brokered private
placement (the "Private Placement") with the MineralFields Group of 1,000,000 Flow-Through Units (the
"Units") issued on a "flow-through" basis under the Income Tax Act (Canada) at a price of 25 cents per
Unit, for gross proceeds to the Company of $250,000.
Each Flow-Through Unit consists of one common share (the “Common Shares”) to be issued on a “flowthrough”
basis under the Income Tax Act (Canada) and one half of one non-transferable share purchase
warrant of the Company (the “Unit Warrants”). Each Unit Warrant has a term of 18 months and entitles the
holder to purchase one Common Share at a price of $0.40 per share.
All securities issued pursuant to the Private Placement are subject to a four-month hold period. In
connection with the Private Placement, the Company paid a finder’s fee equal to 5% of the completed
Private Placement, and further, the Company issued finder’s fee share purchase options on the same terms
as the subscriber’s units, equal to 10% of the number of Units subscribed for, to an arm's length party.
The net proceeds of the Private Placement are to be used for NFX exploration, other than at the Larder Lake
Properties, where Maximus Ventures Ltd. (“Maximus”) is currently conducting a 10,000 metre drilling program
pursuant to the NFX/Maximus $6 million option and joint venture agreement.
About MineralFields, Pathway and First Canadian Securities®
MineralFields Group (a division of Pathway Asset Management) is a Toronto-based mining fund with
significant assets under administration that offers its tax-advantaged super flow-through limited
partnerships to investors throughout Canada during most of the calendar year, as well as hard-dollar
resource limited partnerships to investors throughout the world. Pathway Asset Management also
specializes in the manufacturing and distribution of structured products and mutual funds. Information
about MineralFields Group is available at www.mineralfields.com First Canadian Securities® is active in
leading resource financings (both flow-through and hard dollar)on competitive, effective and servicefriendly
terms, with investors both within, and outside of, MineralFields Group".
For further information please contact either Thomas G. Larsen, President and Chief Executive Officer, or Jorge
Estepa, Vice President, at: telephone: (416) 360-8006; fax (416) 361-1333.
The TSX Venture Exchange Inc. has not reviewed and does not accept responsibility for the adequacy or
accuracy of this release.
(Not for dissemination in the United States of America.)
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