Driven Capital Closes Final Tranche of Private Placement
05 August 2012 - 9:07AM
PR Newswire (Canada)
TSX Venture Exchange: DVV Frankfurt Stock Exchange: DV1 VANCOUVER,
Aug. 7, 2012 /CNW/ - Driven Capital Corp. ("Driven" or the
"Company") has closed the second and final tranche of the
non-brokered private placement described in the Company's news
release dated July 24, 2012. The tranche consisted of 1,067,000
units sold for gross proceeds of $64,020. In accordance with the
policies of the TSX Venture Exchange (the "Exchange"), finder's
fees of $3,871.80 were paid and 71,700 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. The overall offering consisted of two tranches in
which an aggregate of 7,827,000 units were sold for gross proceeds
of $469,620. 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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