TSX Venture Exchange: DVV
Frankfurt Stock Exchange: DV1
VANCOUVER, July 31, 2012 /CNW/ - Driven Capital Corp. (TSXV: DVV) (FSE: DV1) ("Driven" or the "Company") today closed the first tranche of the non-brokered private placement
described in the Company's news release dated July 24, 2012.
The tranche consisted of 6,760,000 units sold for gross proceeds of
$405,600. In accordance with the policies of the TSX Venture Exchange
(the "Exchange"), finder's fees of $20,574 were paid and 361,000
finder's warrants (having the same terms as the warrants issued to
subscribers of the offering's units) were issued in connection with the
The securities issued by the Company pursuant to this tranche of the
offering are subject to a four-month hold period from the tranche's
closing date, as prescribed by the Exchange and applicable securities
Driven Capital Corp. is deploying its accomplished technical and management team toward the
exploration of its portfolio of highly prospective precious metals
projects in the Yukon and British Columbia.
On Behalf of the Board of Directors of
Driven Capital Corp.
President & CEO
Neither the 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.
Cautionary Statement Regarding Forward-Looking Information: All
statements, trend analysis and other information contained in this
press release relative to markets about anticipated future events or
results constitute forward-looking statements. Forward-looking
statements are often, but not always, identified by the use of words
such as "seek", "anticipate", "believe", "plan", "estimate", "expect"
and "intend" and statements that an event or result "may", "will",
"should", "could" or "might" occur or be achieved and other similar
expressions. Forward-looking statements are subject to business and
economic risks and uncertainties and other factors that could cause
actual results of operations to differ materially from those contained
in the forward-looking statements. Forward-looking statements are based
on estimates and opinions of management at the date the statements are
made. The Company does not undertake any obligation to update
forward-looking statements even if circumstances or management's
estimates or opinions should change. Investors should not place undue
reliance on forward-looking statements.
SOURCE: Driven Capital Corp.
For further information:
please contact Toma Sojonky, President & CEO, at (604) 569-0799, or visit www.DrivenCapital.ca.