COBRA VENTURE CORPORATION ("CBV")
BULLETIN TYPE: Notice of Distribution
BULLETIN DATE: April 28, 2016
TSX Venture Tier 2 Company
Further to the TSX Venture Exchange Inc.'s bulletin dated April 28, 2016 approving the sale by Cobra Venture Corporation ("Cobra") of its interest in the LH Property to Magnum Goldcorp Inc. ("Magnum") under an asset purchase agreement dated March 1, 2016 among Cobra, International Bethlehem Mining Corp. and Magnum (the "Agreement"), Cobra will be distributing the 17,120,000 common shares of Magnum received under the Agreement to its shareholders as a return of capital on a pro rata basis.
Distribution per Share: 1.0765 Magnum shares per common share of Cobra held
Payable Date: May 10, 2016
Record Date: May 4, 2016
Ex-Distribution Date: May 11, 2016
Due Bill Redemption Date: May 13, 2016
DUE BILL TRADING:
Cobra has declared a distribution of 1.0765 Magnum shares for every one common share of Cobra held which is payable on or about May 10, 2016 to shareholders of record as at the close of business on May 4, 2016. The common shares of Cobra will commence trading on a "due bill" basis effective from the opening of May 2, 2016 until May 10, 2016 inclusively. Sellers of the shares from May 2, 2016 to and including May 10, 2016 will not be entitled to the distribution. The shares will commence trading on an ex-distribution basis effective at the opening on Thursday, May 11, 2016.
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