Cobra Venture Corporation Closes Private Placement

Cobra Venture Corporation (the "Corporation" or "Cobra") (TSX VENTURE:CBV)
announced today that it has completed a non-brokered private placement of
1,999,998 common shares in the capital of the Corporation issued on a
"flow-through basis" (the "FT Shares") at a price of $0.15 per FT Share, for
aggregate gross proceeds of $300,000 (the "Offering").


The securities issued pursuant to the Offering are subject to a four (4) month
hold period. Net proceeds of the Offering are intended to be used by the
Corporation to fund ongoing exploration programs of the Corporation.


Certain directors and officers of the Corporation subscribed for an aggregate of
936,666 FT Shares or approximately 47% of the FT Shares issued pursuant to the
Offering.


Cobra Venture Corporation is an emerging energy corporation focused on the
acquisition and development of strategic oil and natural gas reserves in Western
Canada. Common shares of the corporation trade on the TSX Venture Exchange under
the symbol CBV.


This news release does not constitute an offer to sell or a solicitation of an
offer to sell any of securities in the United States. The securities have not
been and will not be registered under the United States Securities Act of 1933,
as amended (the "U.S. Securities Act") or any sate securities laws and may not
be offered or sold within the United States or to U.S. Persons unless registered
under the U.S. Securities Act and applicable state securities laws or an
exemption from such registration is available.


Cautionary Statements

Certain statements contained in this release constitute forward-looking
information. These statements relate to future events or future performance. The
use of any of the words "could", "intend", "expect", "believe", "will",
"projected", "estimated" and similar expressions and statements relating to
matters that are not historical facts are intended to identify forward-looking
information and are based on the Corporation's current belief or assumptions as
to the outcome and timing of such future events. Actual future results may
differ materially. In particular, this release contains forward-looking
information relating to the use of the gross proceeds. Various assumptions or
factors are typically applied in drawing conclusions or making the forecasts or
projections set out in forward-looking information. Those assumptions and
factors are based on information currently available to the Corporation. Risk
Factors that could cause actual results or outcomes to differ materially from
the results expressed or implied by forward-looking information include, among
other things: conditions imposed by the Exchange, general economic and business
conditions; and changes in the regulatory regulation. The Corporation cautions
the reader that the above list of risk factors is not exhaustive. The
forward-looking information contained in this release is made as of the date
hereof and the Corporation is not obligated to update or revise any
forward-looking information, whether as a result of new information, future
events or otherwise, except as required by applicable securities laws. Because
of the risks, uncertainties and assumptions contained herein, investors should
not place undue reliance on forward-looking information. The foregoing
statements expressly qualify any forward-looking information contained herein.

Cobra Venture (TSXV:CBV)
과거 데이터 주식 차트
부터 5월(5) 2024 으로 6월(6) 2024