New Destiny Mining Corp. Announces Temporary Relief Financing
Suite 1330 – 1075 West Georgia St.
VANCOUVER, BC V6E 3C9 Telephone: (778) 331-2025 Facsimile: (604) 683-5309
Trading Symbol: NED
NEW DESTINY MINING CORP. ANNOUNCES TEMPORARY RELIEF FINANCING
Vancouver, Canada, July 3, 2015 – New Destiny Mining Corp. (“New Destiny” or the “Company”) (TSX-V Symbol: NED) announces that it has arranged, subject to the final acceptance of the TSX Venture Exchange, a non-brokered private placement financing (the "Private Placement") of up to 20,000,000 shares at a price of $0.01 per share for total gross proceeds of up to $200,000.
Proceeds from the Private Placement will be allocated as follows:
| Description | Amount |
|---|---|
| MacKay LLP – audit fees for 2015 audit | $ 11,500.00 |
| Transfer agency fees | 1,600.00 |
| TSX Venture Exchange | 2,730.00 |
| Greg Olesen, CEO – reimbursement | 1,730.00 |
| Rent | 5,094.00 |
| Legal fees | 1,000.00 |
| Greg Olesen, CEO – management fees | 10,100.00 |
| Robert Birmingham, director – consulting fees | 18,000.00 |
| Ping Shen, CFO – accounting fees | 16,753.00 |
| Exploration and evaluation on Fuente de Oro project | 50,000.00 |
| Permits on Fuente de Oro project | 15,000.00 |
| Unallocated working capital | 66,493.00 |
| Total | $200,000.00 |
Unallocated working capital will be used to maintain operations and cover general and administrative expenses for the next six months.
For further information on New Destiny, please visit our website at www.newdestinymining.com.
ON BEHALF OF THE BOARD OF DIRECTORS
“Robert Birmingham”
Robert L. Birmingham, Director
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.