Driven Capital Closes Final Tranche of Private Placement

    




 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 [phone],orvisit www.DrivenCapital.ca. 


    

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