Driven Capital Corp.
TSX VENTURE : DVV

Driven Capital Corp.

November 14, 2011 13:12 ET

Driven Capital Arranges $2.1 Million Private Placement of Units and Flow-Through Units

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 14, 2011) - Driven Capital Corp. (TSX VENTURE:DVV) ("Driven" or the "Company") is pleased to report that it has arranged non-brokered private placements to sell up to 6,000,000 "Units" of the Company at a price of $0.15 per Unit, and up to 6,000,000 "Flow-Through Units" of the Company at a price of $0.20 per Flow-Through Unit, for aggregate gross proceeds of up to $2,100,000 (together, the "Offering").

Each Unit shall consist of one common share in the Company, and one common share purchase warrant of the Company (a "Warrant") exercisable for a period of 24 months from the closing date. Each Warrant shall be exercisable into one common share of the Company at an exercise price of $0.25 per share in the first year and $0.35 per share in the second year.

Each Flow-Through Unit shall consist of one common share in the Company issuable on a "flow-through" basis pursuant to the Income Tax Act (Canada), and one half common share purchase warrant of the Company (each whole warrant, a "Flow-Through Warrant") exercisable for a period of 24 months from the closing date. Each Flow-Through Warrant shall be exercisable into one, non-flow-through common share of the Company at an exercise price of $0.30 per share.

Driven intends to use the net proceeds of the Offering to conduct exploration on the Company's projects and for general working capital purposes; with use of the net proceeds raised by the sale of the Flow-Through Units being limited exclusively to exploration purposes.

Finder's fees may be payable in connection with the Offering as permitted under the policies of the TSX Venture Exchange (the "Exchange"). In anticipation of the holiday season, the Offering is planned to close on Friday December 16, 2011 and is subject to receipt of applicable regulatory approvals. The securities issued by Driven in connection with 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 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.

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