New Destiny Closes Financing _____________________________________________________________________________________
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NEW DESTINY MINING CORP.
888 Dunsmuir Street, Suite 888
Vancouver, BC V6C 3K4
TSX-V : NED
New Destiny Closes Financing
_____________________________________________________________________________________
Vancouver, British Columbia – December 31, 2020 – New Destiny Mining Corp. (TSXV: NED), (the
“Company” or “NED”) is pleased to announce that it has closed the private placement announced
on November 30, 2020 for gross proceeds of $70,000. 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 April 30 , 20 21 as the hold expiry date for the private placement.
Completion of the offering is subject to certain conditions including, but not limited to, the
receipt of all necessary regulatory approvals, includi ng final acceptance of the TSX Venture
Exchange.
The proceeds of the private placement will be used for continued exploration work at the
Company’s Treasure Mountain property in southern British Columbia.
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, inc luding 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 in formation 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 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. Su ch 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 estimates and assumptions are considered reasonable by the management of the
Company, they are inherently subject to significant business, economic, co mpetitive 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
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 r esources will be 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 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