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New Destiny Mining Corp Closes $202,500 First Tranche-Canada Stockwatch News


Thursday, 10 Jan 2013 12:49pm EST 

Canada Stockwatch News reported that New Destiny Mining Corp. has closed its first tranche of its non-brokered private placement. The Company sold 4.05 million units at a price of five cents per unit for gross proceeds of $202,500. Each unit consists of one common share in the capital of the Company and one transferable share purchase warrant. Each warrant entitles the holder thereof to acquire one common share at a price of 15 cents per share for a period of one year. The proceeds of the offering will be used to finance work on the Company's mineral properties and for general working capital purposes. The Company paid finder's fees in the amount of $13,250 and issued 265,000 finder warrants to various arm's-length parties in connection with this private placement. Each finder warrant entitles the holder thereof to purchase one additional common share at an exercise price of 15 cents per share for a period of one year. All the shares issued in this private placement and any resulting shares issued upon the exercise of any warrants will be subject to a hold period expiring on May 10, 2013. 

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19 Dec 2014