New Destiny Mining Closes First Tranche of Financing
NEW DESTINY MINING CORP
SUITE 1980 – 1075 West Georgia St.
VANCOUVER, BC V6E 3C9 Telephone: (778) 331-2025
NEWS RELEASE
NEW DESTINY MINING CLOSES FIRST TRANCHE OF FINANCING
Vancouver, British Columbia – April 8th, 2014 –New Destiny Mining Corp. (TSX.V: NED) (“New Destiny”) (the “Company”) is pleased to announce that, further to the Company’s news release dated February 26, 2014, the Company has closed the first tranche of the Non-Brokered Private Placement financing (the “Financing”) for gross proceeds of $212,400.
The Company has allotted and issued 4,248,000 Units (the “Units”) at a price of $0.05 per Unit. Each Unit consists of one common share in the capital of the Company and one share purchase warrant (the “Warrant”). Each Warrant is exercisable by the holder to acquire one additional common share of the Company for a period of one year from issuance at an exercise price of $0.10 per share.
All securities issued under the Financing are subject to a four-month statutory hold period that expires on August 8, 2014. No finder’s fees were paid for the Financing.
The Company has also accepted the resignation of Michel Boily as Director of New Destiny Mining Corp. The Company would like to thank Mr. Boily for his services.
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 Birmingham”
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.