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New Destiny Mining Announces Financing


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© Marketwire 2013
2013-02-04 21:14:24 -

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 02/04/13 -- New Destiny Mining Corp. ("New Destiny") (TSX VENTURE:NED) announces that it is arranging a non-brokered private placement of up to 6 million units (the "Units") at a price of $0.05 per Unit to raise gross proceeds of $300,000. Each Unit will consist of one common share of New Destiny, and one transferable share purchase warrant (a "Warrant"). Each Warrant shall be exercisable to acquire one additional common share for a period of one year at a price of $0.15 per share. New Destiny will also pay a finder's fee in accordance with the policies of the TSX Venture Exchange and applicable securities legislation. The financing is subject to regulatory approval.



For further information on New Destiny please visit our website at www.newdestinymining.com.


ON BEHALF OF THE BOARD OF DIRECTORS


Robert L. Birmingham, President


NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.


Contacts:

New Destiny Mining Corp.

(604) 998-4727

(604) 678-5309 (FAX)

www.newdestinymining.com

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