New Destiny Announces Financing
09/30/22, 6:29 PM
Location
british columbiaVANCOUVER, BC / September 30, 2022 / New Destiny Mining Corp. (TSXV:NED), (the "Company" or "NED") is pleased to announce that it has arranged a 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
Company Info
Location
british columbia, canada
Additional Info
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.