New Destiny Mining Corp. Announces Temporary Relief Financing
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 07/30/13 -- 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 .
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.
Contacts:
New Destiny Mining Corp.
Robert L. Birmingham
President
(604) 998-4727
(604) 678-5309 (FAX)
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Datum: 30.07.2013 - 21:28 Uhr
Sprache: Deutsch
News-ID 283199
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contact information:
Town:
VANCOUVER, BRITISH COLUMBIA
Kategorie:
Mining & Metals
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