Announcement • Mar 26
Cobra Venture Corporation, Annual General Meeting, May 07, 2026 Cobra Venture Corporation, Annual General Meeting, May 07, 2026. Location: alberta, calgary Canada Announcement • Jul 17
Robinson Energy Limited entered into a letter of intent to acquire Cobra Venture Corporation (TSXV:CBV) in a reverse merger transaction for CAD 17.1 million. Robinson Energy Limited entered into a letter of intent to acquire Cobra Venture Corporation (TSXV:CBV) in a reverse merger transaction for CAD 17.1 million on June 30, 2025. All of the securities of Robinson being acquired for a purchase price of CAD 24.7 million satisfied though the issuance of common shares of Cobra at an exchange ratio of 15.15 Cobra Shares for each Robinson Share, which values each Cobra Share at a price of CAD 0.21 per share and which shall result in the issuance of approximately 122,410,336 Cobra Shares. A change of name of the Corporation to "Robinson Energy Limited" effective upon the closing of the Transaction. Negotiation of the Definitive Agreement is subject to receipt of necessary financial information, receipt of a qualified reserves report and completion of due diligence investigations to the satisfaction of each of Cobra and Robinson. In addition to the customary conditions that will be set out in the Definitive Agreement, the completion of the Transaction is subject to the following conditions Execution of the Definitive Agreement, Finalization of the audited financial statements of Robinson, Preparation and filing of a disclosure document, in accordance with the policies of the Exchange outlining the definitive terms of the Transaction, and describing the business to be conducted by the Resulting Issuer, Receipt of all director, shareholder and third-party approvals relating to the negotiation and execution of the Definitive Agreement and the Transaction, Acceptance of the Exchange. The LOI contemplates that the Transaction will be completed by September 30, 2025. Board Change • Jul 08
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 4 highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Stu Ross was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. 
