New Destiny Mining Closes Financing
NEW DESTINY MINING CORP
SUITE 1330 – 1075 West Georgia St.
VANCOUVER, BC V6E 3C9 Telephone: (604) 336-6322
NEWS RELEASE
NEW DESTINY MINING CLOSES FINANCING
Vancouver, British Columbia – October 31, 2014 –New Destiny Mining Corp. (TSX.V: NED) (“New Destiny”) (the “Company”) is pleased to announce that it has closed a Non-Brokered Private Placement financing (the “Financing”) for gross proceeds of $258,400.
The Company has allotted and issued 5,168,000 Units (the “Units”) at a price of $0.05 per Unit. Each Unit consists of one common share in the capital of the Company and one share purchase warrant (the “Warrant”). Each Warrant is exercisable by the holder to acquire one additional common share of the Company for a period of two years from issuance at an exercise price of $0.08 per share.
All securities issued under the Financing are subject to a four-month and one-day hold period that expires on March 1, 2015. In addition, the Company paid a finder’s fee of $500 to a registered dealer.
ON BEHALF OF THE BOARD OF DIRECTORS
“Greg Olesen”
Greg Olesen, President
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICE PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.