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NED New Destiny Mining Corp

0.06
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
New Destiny Mining Corp TSXV:NED TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.06 0.05 0.065 0 01:00:00

New Destiny Signs LOI With Central America Mining

24/04/2014 2:30pm

Marketwired Canada


New Destiny Mining Corp. (TSX VENTURE:NED) ("New Destiny") (the "Company") is
pleased to announce that it has entered into a non-binding letter of intent (the
"LOI") with Central America Mining Inc. ("CAM") with respect to their 100% owned
Fuente De Oro property ("Property") in Libertad district of Nicaragua. 


As per the terms of the LOI New Destiny will pay a non-refundable $15,000.00 USD
cash deposit, which should New Destiny and CAM reach a definitive agreement will
be included in the purchase/option price. The LOI is intended to serve as a
basis for the completion of due diligence on the Property, including an
independent NI 43-101 compliant technical report and review of a title opinion.
The LOI has a drop dead date of July 24th, 2014.


The Fuente De Oro property encompasses 8570.36 hectares of mineral rights which
is considered prospective for gold and silver and is located less than 10 km's
away from B2Gold's 100% owned La Libertad open pit gold mine. The La Libertad
mine 2013 projection was to produce approximately 131,000 to 137,000 ounces of
gold with an operating cash cost of approximately $560 to $590 per ounce
(http://www.b2gold.com/projects/nicaragua/lalibertadmine.html).


About New Destiny Mining Corp.

New Destiny Mining Corp. is a mineral exploration company engaged in the
business of acquiring, exploring and evaluating natural resource properties.
Information regarding the Company and its projects is available on the Company's
website at www.newdestinymining.com and under the Company's profile at SEDAR
(www.sedar.com).


ON BEHALF OF THE BOARD OF DIRECTORS

Robert L. Birmingham, President

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICE PROVIDER (AS THAT TERM
IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY
FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.


FOR FURTHER INFORMATION PLEASE CONTACT: 
New Destiny Mining Corp.
(778) 331-2025
(604) 683-5309 (FAX)

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