New Destiny Mining Corp. Announces Temporary Relief Financing
2013年7月31日 - 6:28AM
Marketwired Canada
New Destiny Mining (TSX VENTURE:NED) ("New Destiny") announces that it is
arranging a non-brokered private placement financing (the "Private Placement")
of up to 10,000,000 units (the "Units") at a price of $0.01 per unit to raise
gross proceeds of up to $100,000. Each unit will consist of one common share of
New Destiny. The pricing of the Private Placement is in reliance on the
temporary relief measures established by the TSX Venture Exchange (the
"Exchange") and therefore the Private Placement and pricing of the Private
Placement requires approval of the Exchange having regard to the temporary
relief criteria set out in the Exchange's Bulletin of April 12, 2013 in relation
to the extension and modification of temporary relief from certain pricing
requirements (the "Temporary Relief Measures").
All the securities issued under the Private Placement are subject to resale
restrictions under applicable securities legislation.
The principal purpose of the proceeds of the Private Placement are to maintain
or preserve New Destiny's existing operations, activities and assets.
In accordance with the Temporary Relief Measures, at least 75% of the Private
Placement will be subscribed for by persons that are not Related Parties (as
that term is defined in Exchange policies) of New Destiny.
The Private Placement is subject to a number of conditions including receipt of
all necessary corporate and regulatory approvals, including approval of the
Exchange under Temporary Relief Measures.
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 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.
FOR FURTHER INFORMATION PLEASE CONTACT:
New Destiny Mining Corp.
Robert L. Birmingham
President
(604) 998-4727
(604) 678-5309 (FAX)
www.newdestinymining.com
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