New Destiny Arranges Flow Through Financing _____________________________________________________________________________________
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NEW DESTINY MINING CORP.
888 Dunsmuir Street, Suite 888
Vancouver, BC V6C 3K4
TSX-V : NED
New Destiny Arranges
Flow Through Financing
_____________________________________________________________________________________
Vancouver, British Columbia – November 30, 2020 – New Destiny Mining Corp. (TSXV: NED) ,
(the “Company” or “ NED”) is pleased to announce that it has arranged a non-brokered private
placement of up to 2 million flow through units at a price of Cdn$0.10 per unit for gross proceeds
of $ 200,000. Each Flow -Through Unit consists of one common share that qualifies as a “flow -
through share” as defined in subsection 66(15 ) of the Income Tax Act and one transferable
common share purchase warrant. Each whole warrant will entitle the holder to purchase, for a
period of 18 months from the date of issue, one additional non -flow-through common share of
the Issuer at an exercise price of Cdn$0.15 per share. The proceeds of the private placement will
be used for continued exploration work at the Company’s Treasure Mountain property.
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 Venture Exchange.
ON BEHALF OF THE BOARD OF DIRECTORS
“Al Beaton”
Director
604-488-3900
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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 stateme nts
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 assumptions of management. Any statements that express or involve discussions
with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events
or performance (often, but not always, using words or phrases such as “expects” 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
variations of such words, and similar expressions are not statements of historical fact and may be forward -
looking statements. Forward -looking statement are necessari ly based upon several factors that, if untrue,
could cause the actual results, performances or achievements of the Company to be materially different from
future results, performances or achievements express or implied by such statements. Such statements a nd
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 achiev e goals, and the Company will be able to obtain required licenses
and permits. While such estimates and assumptions are considered reasonable by the management of the
Company, they are inherently subject to significant business, economic, competitive and r egulatory
uncertainties and risks including that resource exploration and development is a speculative business; that
environmental laws and regulations may become more onerous; that the Company may not be able to raise
additional funds when necessary; flu ctuating 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 b e discovered or
developed. 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 o f 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 a s 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
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