VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 6, 2012) - New Destiny Mining (TSX VENTURE:NED) ("New Destiny") announces that it has amended the terms of its planned non-brokered private placement financing announced October 12th, 2012.
The Company is now arranging a non brokered private placement of up to 10 million units at a price of 5 cents for gross proceeds of $500,000. Each unit will consist of one common share and one transferable share purchase warrant. Each warrant shall be exercisable into one additional common share for a period of one year at a price of 15 cents per share. The financing is subject to regulatory approval.
For further information on New Destiny please visit our website at www.newdestinymining.com.
ON BEHALF OF THE BOARD OF DIRECTORS
Robert L. Birmingham, President
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.