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Cobra Venture Corp Announces Sale of Saskatchewan Assets

Cobra Venture Corporation (CBV.V) announced that, subject to regulatory body and shareholder approval, the corporation has agreed to sell all of its freehold mineral and royalty interests in the Province of Saskatchewan for an amount of $5,250,000, subject to usual industry adjustments, effective as of January 1, 2012. The corporation is expected to call a special meeting of shareholders in early 2012 to consider, and if deemed fit, to approve this sale transaction which is anticipated to close on or about February 1, 2012.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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