New Destiny Announces Financing _____________________________________________________________________________________
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NEW DESTINY MINING CORP.
888 Dunsmuir Street, Suite 888
Vancouver, BC V6C 3K4
TSX-V: NED
NEW DESTINY ANNOUNCES FINANCING
_____________________________________________________________________________________
Vancouver, British Columbia – February 6, 2018 – New Destiny Mining Corp. (TSXV: NED), (the
“Company” or “NED”) is pleased to announce that it has arranged a non-brokered private placement of
two million units at a price of $0.25 cents per unit for gross proceeds of $500,000. The units of the
financing will comprise of one common share and a full share purchase warrant, which may be exercised
for a period of two years at a price of $0.35 per share. The term of the warrants may be accelerated in the
event that the issuer's shares trade at or above a price of $0.50 cents per share for a period of 10
consecutive days. In such case of accelerated warrants, the issuer may give notice, in writing or by way of
news release, to the subscribers that the warrants will expire 30 days from the date of providing such
notice. Directors, officers or other insiders of the Company may participate in the foregoing offerings, and
such parties may sell securities of the Company owned or controlled by them personally through the
facilities of the TSX Venture Exchange to finance participation in such offerings.
A finder's fee may be paid to eligible finders in accordance to the TSX-V policies. All securities issued
pursuant to the offering will be subject to a hold period of four months and one day from the date of
closing. The offerings and payment of finders' fees are both subject to approval by the TSX-V.
ON BEHALF OF THE BOARD OF DIRECTORS
“Robert Birmingham”
Robert L. Birmingham, President and Chief Executive Officer
604-783-0499.
Forward Looking Information
This news release includes certain statements that constitute “forward -looking information” within the
meaning of applicable securities law, including without limitation, the Company’s information and
statements regarding or inferring the future business, operations, financial performance, prospects, and
other plans, intentions, expectations, estimates, and beliefs of the Company. Such statements include
statements regarding the completion of the proposed transactions. Forward -looking statements address
future events and conditions and are necessarily based upon a number of estimates and assumptions. These
statements relate to analyses and other information that are based on forecasts of future results, estimates
of amounts not yet determinable and assumptio ns of management. Any statements that express or involve
discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or
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future events or performance (often, but not always, using words or phrases such as “exp ects” or “does not
expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “estimates” or “intends”, or stating
that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be
achieved), and variati ons of such words, and similar expressions are not statements of historical fact and
may be forward-looking statements. Forward-looking statement are necessarily based upon several factors
that, if untrue, could cause the actual results, performances or ac hievements of the Company to be
materially different from future results, performances or achievements express or implied by such
statements. Such statements and information are based on numerous assumptions regarding present and
future business strategies and the environment in which the Company will operate in the future, including
the price of gold and other metals, anticipated costs and the ability to achieve goals, and the Company will
be able to obtain required licenses and permits. While such estimat es and assumptions are considered
reasonable by the management of the Company, they are inherently subject to significant business,
economic, competitive and regulatory uncertainties and risks including that resource exploration and
development is a specul ative business; that environmental laws and regulations may become more
onerous; that the Company may not be able to raise additional funds when necessary; fluctuating prices of
metals; the possibility that future exploration, development or mining results will not be consistent with
the Company’s expectations; operating hazards and risks; and competition. There can be no assurance that
economic resources will be discovered or dev eloped. Accordingly, actual results may differ materially
from those currently anticipated in such statements. Factors that could cause actual results to differ
materially from those in forward looking statements include continued availability of capital and financing
and general economic, market or business conditions, the loss of key directors, employees, advisors or
consultants, equipment failures, litigation, competition, fees charged by service providers and failure of
counterparties to perform their contractual obligations. Investors are cautioned that forward -looking
statements are not guarantees of future performance or events and, accordingly are cautioned not to put
undue reliance on forward -looking statements due to the inherent uncertainty of such statements. The
forward-looking statements included in this news release are made as of the date hereof and the Company
disclaims any intention or obligation to update or revise any forward -looking statements, whether as a
result of new information, future events or otherwise, except as expressly required by applicable securities
legislation.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies
of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release