New Destiny Updates Previously Announced Financing

About this update from New Destiny Mining Corp.

[{"type":"text","content":"New Destiny Updates Previously Announced FinancingVANCOUVER, BC / ACCESSWIRE / November 8, 2022 / New Destiny Mining Corp. (TSXV:NED), (the \"Company\" or \"NED\") would like to update, that its previously announced financing of September 30, 2022 is expected to close shortly. The non-brokered private placement of 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.Directors, officers or other insiders of the Company may participate in the foregoing offerings, and such parties may sell securities of the Company owned or controlled by them personally through the facilities of the TSX Venture Exchange to finance participation in such offerings. The proceeds from the Private Placement will be used for general working capital purposes.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.A finder's fee may be paid to eligible finders in accordance to the TSX-V policies. All securities issued pursuant to the offering will be subject to a hold period of four months and one day from the date of closing. The offerings and payment of finders' fees are both subject to approval by the TSX-V.ON BEHALF OF THE BOARD OF DIRECTORS\"Barry Brown\" Director604-488-3900 [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 ...

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