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| Home : New Destiny Options Tres Amigo Property, Argentina, Announces Financing |
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Oct 13
2012 |
New Destiny Options Tres Amigo Property, Argentina, Announces Financing |
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VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 12, 2012) - New Destiny Mining Corp. (TSX VENTURE:NED) (the "Company" or "New Destiny") is pleased to report that it has entered into a sub-option agreement with Argentina Mining Ltd. ("AVK"), an ASX listed company, and its wholly-owned subsidiary, wherein New Destiny was assigned the exclusive option to acquire an undivided 100% interest in a mining concession in Argentina known as the Tres Amigos Property, comprising an area of 2.8km x 1.8km (the "Property"). The Property is subject to a 10% net profits royalty ("NPR") to an underlying property owner which is capped at USD $2 million, and a 1.5% net smelter returns royalty reserved to AVK's subsidiary. |
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| Source:http://www.marketwire.com/mw/release.do?id=1712943&sourceType=3 |
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