Destiny Media Announces Completion of Private Placement Financing

VANCOUVER, Oct. 20, 2015, DSNY, OTCQX, DSY, TSXV, /PRNewswire/ Destiny Media Technologies Inc. (TSXV: DSY) (OTCQX: DSNY) announces that it has completed a non-brokered private placement financing of 2,020,000 Units at a price of USD$0.25 per Unit for gross proceeds of USD$505,000. Each Unit is comprised of one common share of Destiny and one-half of one common share purchase warrant ( Warrant ), with each whole Warrant entitling the holder to purchase one additional common share at USD$0.30 per share for a period of two years from the date of the issue. Destiny will have the right to accelerate the expiry date of the Warrants if, at any time, the average closing price of Destiny s common shares is equal to or greater than USD$1.25 for 20 consecutive trading days. In the event of acceleration, the expiry date will be accelerated to a date that is 30 days after Destiny issues a news release announcing that it has elected to exercise this acceleration right. The securities issued under t


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: