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Driven Capital closes first tranche of private placement
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 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.
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.