New Destiny Closes Financing _____________________________________________________________________________________
1
NEW DESTINY MINING CORP.
888 Dunsmuir Street, Suite 888
Vancouver, BC V6C 3K4
TSX-V : NED
New Destiny Closes Financing
_____________________________________________________________________________________
Vancouver, British Columbia – September 20, 2019 – New Destiny Mining Corp. (TSXV: NED) ,
(the “ Company” or “ NED”) is pleased to announce that it has closed the private placement
announced on September 12 , 2019 for gross proceeds of $ 220,000. 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 at a price of $0.10 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 $0.15 per share. The Company announces January 19, 2020 as the hold expiry date for
the private placement.
The Company paid a cash commission of $ 11,000.00 to Haywood Securities Inc. The Company
also issued 110,000 broker warrants to Haywood Securities Inc. The broker warrants have the
same terms as the private placement warrants.
The proceeds of the private placement will be used for continued exploration work at the
Company’s Treasure Mountain property
ON BEHALF OF THE BOARD OF DIRECTORS
“Al Beaton”
Director
604-488-3900
Forward Looking Information
2
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 Compan y. 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 an alyses 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, plan s, 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 stat ing
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 necessarily 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 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, anticipat ed costs and the ability to achieve 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 bus iness,
economic, competitive and regulatory 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 ad ditional 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 assura nce 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 s tatements 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 provi ders 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 sta tements, 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