New Destiny Closes Flow-Through Financing
NEW DESTINY MINING CORP.
SUITE 1500 – 701 W. GEORGIA ST.
VANCOUVER, BC V7Y1C6
Telephone: (604) 783-0499
TSX-V: NED
NEW DESTINY CLOSES FLOW-THROUGH FINANCING
Vancouver, Canada, October 5, 2017 – New Destiny Mining Corp. (“New Destiny” or the “Company”)
(TSX-V: NED) is pleased to announce that it has closed a non-brokered private placement of 681,818 flow-
through units (the “FT Units”) at a price of $0.2 2 per FT Unit for aggregate gross proceeds of $ 150,000
(the “FT Private Placement”).
Each FT Unit consists of one common share of the Company (a “Share”) and one common share purchase
warrant (a “FT Warrant”). Each Warrant entitles the holder to purchase one additional Share (a “Warrant
Share”) at a price of $0.3 5 per Warrant Share for a period of twenty-four (24) months from the date of
issuance. The FT Warrants are subject to an acceleration clause whereby if the Shares trade equal to or
greater than $0.40 for a period of ten (10) consecutive trading days, then the Company may, at its discretion,
give notice to the holders of the FT Warrants that the expiry time of the FT Warrants has been accelerated
and the FT Warrants will expire on a date that is not less than twenty (20) days after notice is given.
Two (2) directors of the Company participated in the FT Private Placement acquiring a total of 300,000 FT
Units on the same basis as other subscribers. The participation in the FT Private Placement by insiders of
the Company constitutes a “related party transaction” as such term is defined under Multilateral Instrument
61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Company is
relying on exemptions from the formal valuation and minority approval requirements under MI 61 -101.
The Company relied on Section 5.5( a) of MI 61 -101 for an exemption from the formal valuation
requirement and Section 5.7(1)(a) of MI 61-101 for an exemption from the minority shareholder approval
requirement as the fair market value of the transaction insofar as the transaction involved interested parties
did not exceed 25% of the Company’s market capitalization.
The previously announced transaction with Ximen Mining Corp. involving the Treasure Mountain Silver
Property located 30km east of Hope, British Columbia (the “Transaction”) is subject to, among other
things, obtaining all necessary regulatory approvals, including the TSX Venture Exchange (“TSXV”). If
completed, the Transaction will constitute a “Fundamental Acquisition” as such term is defined in TSXV
Policy 5.3. The common shares of New Destiny will remain halted until the TSXV has reviewed and
approved the Transaction.
For further information on New Destiny contact Robert Birmingham, New Destiny’s President and Chief
Executive Officer, at 604-783-0499.
ON BEHALF OF THE BOARD OF DIRECTORS
“Robert Birmingham”
Robert L. Birmingham, President and Chief Executive Officer
This News Release may contain forward -looking statements including but not limited to comments regarding the
acquisition of certain mineral claims. Forward-looking statements address future events and conditions and therefore
involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such
statements and New Destiny undertakes no obligation to update such statements, except as required by law. There can
be no assurance that the proposed Transaction will be completed or, if completed, will be successful.
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Forward-looking statements are based on the then -current expectations, beliefs, assumptions, estimates and forecasts
about the business and the industry and markets in which the Company operates, including that: the current price of
and demand for minerals being targeted by the Company will be sustained or will improve; the Company will be able
to obtain required exploration licences and other permits; general business and economic conditions will not change
in a material adverse manner; financing will be available if and when needed on reasonable terms; the Company will
not experience any material accident; and the Company will be able to identify and acquire additional mineral interests
on reasonable terms or at all. Forward-looking statements are not guarantees of future performance and involve risks,
uncertainties and assumptions which are difficult to predict. In particular, there is no guarantee that exploration work,
as proposed, or otherwise, will be completed on the Property. Investors are ca utioned that all forward -looking
statements involve risks and uncertainties, 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 t o
raise additional funds when necessary; fluctuating prices of commodities; operating hazards and risks; competition;
potential inability to find suitable acquisition opportunities and/or complete the same; and other risks and uncertainties
listed in the C ompany’s public filings. These risks, as well as others, could cause actual results and events to vary
significantly. Accordingly, readers should not place undue reliance on forward -looking statements and information,
which are qualified in their entirety by this cautionary statement. Factors that could cause actual results to differ
materially from those in forward looking statements include, but are not limited to, continued availability of capital
and financing and general economic, market or business co nditions, the loss of key directors, employees, advisors or
consultants and fees charged by service providers. There can be no assurance that forward-looking information, or the
material factors or assumptions used to develop such forward looking informati on, will prove to be accurate. The
Company does not undertake any obligations to release publicly any revisions for updating any voluntary forward -
looking statements, except as required by applicable securities law.
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.