Cobra Venture Corporation

Cobra Venture Corporation

January 12, 2006 18:02 ET

Cobra Venture Corporation Announces Closing of Private Placement

CALGARY, ALBERTA--(CCNMatthews - Jan. 12, 2006) - Cobra Venture Corporation (Cobra) (TSX VENTURE:CBV) (the "Corporation") announces that is has completed its previously announced private placement of 700,000 common shares at a purchase price of $0.15 per common share, for gross proceeds of $105,000. The Corporation has now completed all of its previously announced private placements. The securities issued pursuant to the private placement are subject to a four (4) month hold period from the date of issuance.

The proceeds of the private placement will be used to fund the Corporation's previously announced 3 well exploration initiative.

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

The TSX Venture Exchange Inc. has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Cobra Venture Corporation
    Daniel B. Evans
    President and CEO
    (604) 922-2030
    Canadian Toll Free (888) 888-9122
    US Toll Free (888) 888-9123