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Destiny Media Approves Proposed Private Placement to Directors

VANCOUVER, June 6, 2014 /CNW/ - 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. 
Steve Vestergaard CEO Destiny Media Technologies, Inc. 604 609 7736 x222 
Investor Relations: Dave Mossberg Three Part Advisors 817-310-0051 
To view this news release in HTML formatting, please use the following URL: 
http://www.newswire.ca/en/releases/archive/June2014/06/c9014.html 
CO: Destiny Media Technologies, Inc.
ST: British Columbia
NI: SOF PVT  
-0- Jun/07/2014 00:05 GMT
 
 
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