Driven Arranges Private Placement

    




 TSX Venture Exchange: DVV Frankfurt Stock Exchange: DV1 

 VANCOUVER, July 24, 2012 /CNW/ - Driven Capital Corp.   ("Driven" or the "Company") has arranged a non-brokered private placement to raise up to $720,000  in gross proceeds through the sale of up to 12,000,000 units at $0.06  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 five years following the closing date of the private  placement, at a price of $0.12 per share for the first year, $0.18 for  the second year, $0.24 for the third year, and $0.30 for the fourth  year and $0.36 for the fifth year. 

 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  continue mineral exploration on its three projects, and for general  corporate purposes. 

 The offering is anticipated to close on or about July 31, 2012 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 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 [phone],orvisit www.DrivenCapital.ca. 


    

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