New Destiny Mining Corp. (TSXV:NED) announced a non-brokered private placement of 10,000,000 units at CAD 0.10 per unit for gross proceeds of CAD 1,000,000 on October 12, 2012. Each unit consists of one common share and one transferable share purchase warrant. Each whole warrant entitles the holder to purchase one common share of the company at CAD 0.20 per share for a period of 24 months from the date of closing.

On November 6, 2012, the company amended the terms of the transaction. The company will now issue 10,000,000 units at CAD 0.05 per unit for gross proceeds of CAD 500,000. The terms of the units will remain the same. Each warrant entitles the holder to purchase one common share of the company at CAD 0.15 per share for a period of one year from closing.

On January 9, 2013, New Destiny Mining Corp. closed the transaction. The company issued 4,050,000 units for gross proceeds of CAD 202,500. The company paid CAD 13,250 and issued 265,000 finder's warrant as finder's fees. All securities issued are subject to a hold period until May 10, 2013. On the same day, TSX Venture Exchange has accepted filing for the transaction. The transaction included participation from 16 placees. Kerry Chow, Jacqueline Chow, Roberto Chu, Lenka Whibley, and Ping Shen subscribed to 200,000, 200,000, 300,000, 50,000, and 200,000 units respectively. The company paid CAD 8,000 and 160,000 finders' option to Haywood Securities Inc., CAD 500 and 10,000 finders' option to Mackie Research Capital Corp., and CAD 4,750 and 95,000 finders' options to PI Financial Corp as finders' fee. Each finder's option is exercisable at a price of CAD 0.15 for period of a year.