Cobra Venture Corporation
TSX VENTURE : CBV

Cobra Venture Corporation

April 02, 2009 18:37 ET

Cobra Venture Corporation Announces Grant of Stock Options

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 2, 2009) - Cobra Venture Corporation (the "Corporation") (TSX VENTURE:CBV) announces the granting of 1,050,000 stock options to current directors and officers of the Corporation. The stock options permit each individual to purchase common shares of the Corporation at an exercise price of $0.16 per option, a price which equals the close of market trading price on April 2, 2009, for a period of five (5) years from the date of issuance. One quarter (1/4) of the options granted to each of the foregoing persons will vest immediately, with a further one quarter (1/4) to vest on the six, twelve and eighteen month anniversary of the granting of the options.

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.

Neither 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.

Contact Information

  • Cobra Venture Corporation
    Daniel B. Evans, President and CEO
    (604) 922-2030
    Canadian Toll Free: 1-888-888-9122
    US Toll Free: 1-888-888-9123
    Website: www.cobraventure.com