COBRA VENTURE COMPLETES SALE OF REAL ESTATE INTERESTS
July 30, 2014
Further to its News Release of March 4, 2014, Cobra Venture Corporation (“Cobra” or the “Company”) has completed the sale of approximately 12.84 acres of undeveloped lands located in the Municipal District of Rocky View No. 44, in the Province of Alberta (the “Lands”) for an aggregate purchase price of $4,365,600. The Company has retained ownership of approximately 3 acres of the 15.8 acres of undeveloped land that was originally acquired in October 2012. Proceeds from the sale of the Lands will be used to pay out loans previously advanced by certain directors, for working capital and for the potential acquisition of other oil and gas or resource property interests.
About Cobra Venture Corporation
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.
For further information, please contact
Cobra Venture Corporation
Daniel B. Evans, President and CEO
Canadian Toll Free: 1-888-888-9122
US Toll Free: 1-888-888-9123
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.