Business
New Destiny Closes Financing
VANCOUVER, BC / ACCESSWIRE / February 9, 2023 / New Destiny Mining Corp. (TSXV:NED) , (the " Comp...
About this update from New Destiny Mining Corp.
[{"type":"text","content":"New Destiny Closes FinancingVANCOUVER, BC / ACCESSWIRE / February 9, 2023 / New Destiny Mining Corp. (TSXV:NED), (the \"Company\" or \"NED\") is pleased to announce that is has closed its non-brokered private placement previously announced on September 30, 2022 and January 16, 2023 by issuing three million units at a price of $0.03 per unit for gross proceeds of $90,000. The units of the financing will comprise of one common share and a full share purchase warrant, which may be exercised for a period of five years at a price of $0.05 per share. The term of the warrants may be accelerated in the event that the issuer's shares trade at or above a price of $0.10 per share for a period of 10 consecutive days. In such case of accelerated warrants, the issuer may give notice, in writing or by way of news release, to the subscribers that the warrants will expire 30 days from the date of providing such notice.The Company announces June 4, 2023 as the hold period expiry date for the private placement.The proceeds from the Private Placement will be used for general working capital and other general corporate purposes including transfer agent fees, accounting fees and Exchange fees. There were no finders fees paid on this placement. Closing of the placement is subject to final approval by the TSX-V.ON BEHALF OF THE BOARD OF DIRECTORS \"Barry Brown\" [email protected] Looking InformationThis news release includes certain statements that constitute \"forward-looking information\" within the meaning of applicable securities law, including without limitation, the Company's information and statements regarding or inferring the future business, operations, financial performance, prospects, and other plans, intentions, expectations, estimates, and beliefs of the Company. Such statements include statements regarding the completion of the proposed transactions. Forward-looking statements address future events and conditions and are necessarily based upon a number of estimates and assumptions. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions ...