New Destiny Mining Corporation -- Announces Financing
VANCOUVER, Oct 17, 2013 - New Destiny Mining Corp. (TSX VENTURE:NED) ("New Destiny") announces that it is arranging a non-brokered private placement of up to 15 million units (the "Units") at a price of $0.05 per Unit to raise gross proceeds of $750,000. Each Unit will consist of one common share of New Destiny, and one transferable share purchase warrant (a "Warrant"). Each Warrant shall be exercisable to acquire one additional common share for a period of one year at a price of $0.15 per share. New Destiny will also pay a finder's fee in accordance with the policies of the TSX Venture Exchange and applicable securities legislation. The financing is subject to regulatory approval. New Destiny would also like to announce that it has granted stock options under its stock option plan to directors, officers and consultants of the Company for the purchase of up to 1,500,000 common shares at a price of $0.05 per share for a period of 5 years. The stock option plan and options granted thereunder are subject to the acceptance of the TSX Venture Exchange.
About New Destiny Mining Corp.
New Destiny Mining Corp. is a mineral exploration company engaged in the business of acquiring, exploring and evaluating natural resource properties. Information regarding the Company and its projects is available on the Company's website at www.newdestinymining.com and under the Company's profile at SEDAR (www.sedar.com).
ON BEHALF OF THE BOARD OF DIRECTORS
Robert L. Birmingham, President
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICE PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Contact
New Destiny Mining Corp.
Simon Venhuizen
Manager, Investor Relations
778-331-2023
simon@newdestinymining.com
www.newdestinymining.com