Destiny Media Approves Proposed Private Placement to Directors

        Destiny Media Approves Proposed Private Placement to Directors  PR Newswire  VANCOUVER, June 6, 2014  VANCOUVER, June 6, 2014 /PRNewswire/ - Destiny Media Technologies (TSXV:  DSY)  (OTCQX: DSNY) announces that  its board of directors  has approved a  proposed  private placement to its directors for up to 128,701 shares of common stock at USD $0.96 per share for gross proceeds of up to USD $123,553.  As members of the board of directors will be subscribing for all of the shares offered under the private placement, the issuance of the shares is  considered  a related party  transaction subject to  TSX Venture Exchange  Policy 5.9  and  Multilateral Instrument 61-101.  Destiny Media is  relying on exemptions  from  the formal valuation and  minority shareholder approval requirements  provided  under sections  5.5(a) and  5.7(a) of  Multilateral Instrument  61-101 on  the  basis that participation in the private placement by insiders will not  exceed  25% of the fair market value of Destiny Media's market capitalization  Proceeds from the private placement will  be used for general working  capital  purposes.  Closing of the private placement is subject to the approval of the TSX Venture Exchange.  On Behalf of the Board of Directors  Steve Vestergaard CEO  Destiny Media Technologies  provides services  that enable  content owners  to  securely display  and  distribute  their audio  and  video  content  digitally  through the internet. The Company's two major services are Clipstream and Play MPE®. Clipstream  (www.clipstream.com) is  a video  format that  plays on  any  modern smart phone, tablet, internet, TV, or computer. With Clipstream,  there  is no player to configure or install, videos never go obsolete, and there  are  up to 90% cost savings by reducing the use of transcoding, infrastructure  and  bandwidth. Play  MPE  (www.plaympe.com)  provides  a  standardized  method  to  securely and cost effectively distribute  pre-release music to radio  stations  and other music  industry professionals,  before it  is ready  for sale.  More  information can be found at www.dsny.com.                              Safe Harbor Statement  This press release contains forward-looking  statements within the meaning  of  the  Private  Securities  Litigation  Reform  Act  of  1995.  Forward-looking  statements are  subject  to  risks,  uncertainties  and  assumptions  and  are  identified by  words such  as "expects,"  “intends”, "estimates,"  "projects,"  "anticipates," "believes," "could," and  other similar words. All  statements  addressing product  performance, events,  or developments  that Destiny  Media  Technologies, Inc.  expects  or  anticipates  will occur  in  the  future  are  forward-looking statements. Because the statements are forward-looking,  they  should be evaluated  in light  of important risk  factors and  uncertainties.  Should one or more of these risks or uncertainties materialize, or should  any  of Destiny Media Technologies, Inc.’s underlying assumptions prove  incorrect,  actual results may vary materially  from those currently anticipated.  Except  as required by law, Destiny Media Technologies, Inc. disclaims any  obligation  to update or  publicly announce any  revisions to any  of the  forward-looking  statements contained in this  press release. There can  be no assurance  that  such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.  NEITHER TSX VENTURE  EXCHANGE NOR  ITS REGULATION SERVICES  PROVIDER (AS  THAT  TERM IS  DEFINED  IN  THE  POLICIES  OF  THE  TSX  VENTURE  EXCHANGE)  ACCEPTS  RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.  SOURCE Destiny Media Technologies, Inc.  Contact:  Steve Vestergaard CEO Destiny Media Technologies, Inc. 604 609 7736 x222 Investor Relations: Dave Mossberg Three Part Advisors 817-310-0051  
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