Business & Finance
Business and Finance
Business and Finance
Mon, January 30, 2012 Driven Capital Increases Private Placement to $1,167,000
January 30, 2012 13:20 ET
Driven Capital Increases Private Placement to $1,167,000
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 30, 2012) -Driven Capital Corp. (TSX VENTURE:DVV) ("Driven" or the "Company") is pleased to advise that it has received subscriptions for 5,380,000 Units in the second tranche of its non-brokered private placement.
The pricing, terms, and use of proceeds of the offering remain as originally announced on December 9, 2011.
If approved and closed, the overall offering will have consisted of two tranches in which an aggregate of 11,670,000 Units were sold for gross proceeds of $1,167,000 (increased from $900,000).
The second and final tranche is expected to close on January 31, 2012, subject to the approval of the TSX Venture Exchange and applicable regulatory authorities.
Driven is a publicly traded exploration company focused on the discovery of high-value precious metals deposits in North America. Please visit [ www.DrivenCapital.ca ] for more information.
On Behalf of the Board of Directors of Driven Capital Corp.
Toma Sojonky, President & CEO
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.
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.
