Destiny Media Closes Private Placement to Directors

VANCOUVER, June 13, 2014 /CNW/ - Destiny Media Technologies (TSXV: DSY) 
(OTCQX: DSNY) announces that it has closed its private placement to its 
directors for 128,701 shares of common stock at USD $0.96 per share for gross 
proceeds of USD $123,553. 
The shares sold pursuant to the private placement may only be resold pursuant 
to Regulation S of the U.S. Securities Act, an effective registration 
statement under the U.S. Securities Act or pursuant to an another exemption 
from registration of the U.S. Securities Act.  Under Canadian securities laws, 
the shares are subject to restrictions on transfer until October 14, 2014. 
As members of the board of directors subscribed for all of the shares 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 did 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. 
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. 
Contacts: 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/June2014/13/c9906.html 
CO: Destiny Media Technologies, Inc.
ST: British Columbia
NI: SOF PVT  
-0- Jun/13/2014 13:00 GMT
 
 
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