New Destiny Mining Corp. Closes Private Placement
SUITE 1330 – 1075 West Georgia St.
VANCOUVER, BC V6E 3C9 Telephone: (604) 783-0499
Trading Symbol: NED
NEW DESTINY MINING CORP. CLOSES PRIVATE PLACEMENT
Vancouver, Canada September 18th, 2015 – New Destiny Mining Corp. (“New Destiny” or the “Company”) (TSX-V Symbol: NED). Further to the Company’s news releases of July 3rd, 2015 and August 20th, 2015, the Company is pleased to announce that it has closed the non-brokered private placement financing (the “Private Placement”) for gross proceeds of $68,400 by the issuance of 6,840,000 at $0.01 per share.
The Private Placement has been approved by the Company’s board of directors, excluding those directors that have a direct interest in the Private Placement.
The Private Placement has been conducted in accordance with the TSX Venture Exchange “Temporary Relief Measures”, and proceeds will be allocated to the following: property expenses, audit and accounting expenses, transfer agent, sustaining fee and general working capital.
All the common shares issued under the Private Placement are subject to resale restrictions under applicable securities legislation.
For further information on New Destiny, please visit our website at www.newdestinymining.com, or 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
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.
AC/2451719.1