Driven Capital Arranges $525,000 Private Placement
15 Luglio 2011 - 10:15PM
Marketwired
Driven Capital Corp. (TSX VENTURE: DVV) ("Driven" or the "Company")
has arranged a non-brokered private placement to raise up to
$525,000 in gross proceeds through the sale of up to 3,500,000
units at $0.15 per unit.
Each unit will consist of one common share and one
non-transferrable share purchase warrant entitling its holder to
purchase one additional common share for 24 months following the
closing of the private placement, at a price of $0.20 per share for
the first 12 months and $0.25 for the ensuing 12 months. Finder's
fees may be payable in connection with the private placement as
permitted under the policies of the TSX Venture Exchange (the
"Exchange").
Driven intends to utilize the net proceeds of the private
placement to explore its Kuyakuz Mountain project in the Blackwater
Gold District of British Columbia; its Lyn silver project in the
Whitehorse Mining District of the Yukon; and for general working
capital purposes.
The offering is anticipated to close on or before July 29, 2011
and is subject to the receipt of applicable regulatory approvals.
The securities issued by the Company pursuant to the offering will
be subject to a four-month hold period as prescribed by the
Exchange and applicable securities laws.
Driven is a publicly traded exploration company focused on the
discovery of high-value precious metals deposits in North America.
Please visit our web site at www.DrivenCapital.ca.
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.
Contacts: Driven Capital Corp. Toma Sojonky President & CEO
(604) 569-0799 www.DrivenCapital.ca
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