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 – February 9, 2023 – New Destiny Mining Corp. (TSXV: NED), (the
“Company” or “NED”) is pleased to announce that is has closed its non-brokered private placement
previously announced on September 30, 2022 and January 16, 2023 by issuing three million units at a
price of $0.03 per unit for gross proceeds of $90,000. 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 five years at a
price of $0.05 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 $0.10 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.
The Company announces June 4, 2023 as the hold period expiry date for the private placement.
The proceeds from the Private Placement will be used for general working capital and other general
corporate purposes including transfer agent fees, accounting fees and Exchange fees. There were no
finders fees paid on this placement. Closing of the placement is subject to final approval by the TSX-V.
ON BEHALF OF THE BOARD OF DIRECTORS
“Barry Brown”
Director
604-488-3900
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 assumptions of management. Any statements that express or involve discussions
with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events
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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 ac hieved), 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,
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, competitive and regulatory
uncertainties and risks including that resource exploration and dev elopment 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 resources 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