Driven Capital closes first tranche of private placement
July 31 2012 - 6:31AM
PR Newswire (Canada)
TSX Venture Exchange: DVV
Frankfurt Stock Exchange: DV1 VANCOUVER, July 31, 2012
/CNW/ - Driven Capital Corp. ("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 tranche. 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 laws. 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. "Toma Sojonky" Toma Sojonky 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. Driven Capital Corp.
CONTACT: please contact Toma Sojonky, President & CEO, at (604)
569-0799,orvisit www.DrivenCapital.ca.
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