Resume trading

The common shares of the company have been halted from trading since July 17, 2025, pending completion of a reverse takeover (RTO). Effective at the open, Monday, June 22, 2026, the shares of the company will resume trading under the new symbol ROB (new Cusip No.:770767 10 1) on the TSX Venture Exchange on a consolidated basis.

Reverse takeover -- completed/new symbol

The TSX Venture Exchange has accepted for filing the company's RTO, which includes the following transactions.

The RTO consists of the company's arm's-length acquisition of Robinson Energy Ltd. (Robinson) by way of a triangular amalgamation whereby the company's wholly owned subsidiary and Robinson amalgamated and continued as a wholly owned subsidiary of the company. Pursuant to the amalgamation, the company issued 14,796,887 postconsolidation shares at a deemed price of $2 per share.

Four million four hundred twenty-one thousand five hundred forty-two shares issued to principals pursuant to the RTO are subject to a Tier 2 escrow agreement to be released over a 36-month period. Six million five hundred forty thousand six hundred eighty-five shares issued to non-principals pursuant to the RTO are subject to a one-year hold in accordance with the exchange's seed share resale restrictions.

Property asset or share disposition agreement

The TSX Venture Exchange has accepted for filing documentation with respect to the non-arm's-length disposition of the company's Cobra Gull Lake assets to 2788570 Alberta Ltd. for $275,000 cash, in connection with the RTO. The company's shareholders approved the related party transaction on June 12, 2026.

For further details, please refer to the company's news release dated June 17, 2026.

Name change and consolidation

Pursuant to the company's articles and a resolution passed by directors on March 16, 2026, the company has consolidated its capital on a one-new-for-10-old basis. The name of the company has been changed as follows.

Effective at the open, Monday, June 22, 2026, the shares of Robinson Energy Ltd. will commence trading on the TSX Venture Exchange on a consolidated basis and the shares of Cobra Venture Corp. will be delisted.

Postconsolidation

Capitalization:  unlimited shares with no par value, of which 16,617,762 shares are issued and outstanding

Escrow shares:  4,421,542 shares

Escrow term:  three years

Transfer agent:  Computershare Trust Company of Canada

Trading symbol:  ROB (new)

Cusip No.:  770767 10 1 (new)

The exchange has been advised that the above transactions, approved by shareholders on June 12, 2026, have been completed.

The company is classified as an oil and gas extraction (except oil sands) company.