Bonaventure Enterprises Inc.
TSX VENTURE : BVT
FRANKFURT : YQG

November 15, 2007 18:16 ET

Bonaventure Announces Amendment to Issue Price of Brokered and Non Brokered Financings Announced September 26, 2007

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 15, 2007) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

BONAVENTURE ENTERPRISES INC. (TSX VENTURE:BVT)(FRANKFURT:YQG) announces that the issuance prices of brokered and non-brokered financings announced in BVT's News Release dated September 26, 2007 have been reduced as follows:

Salman Partners Inc. (the "Agent") will arrange for the sale by way of private placements of:

- Flow-Through Units of the Company at C$.60 (not C$0.70 as previously announced), each Flow-Through Unit consisting of one Flow-through Share along with a full purchase warrant at C$1.05 (not C$1.15 as previously announced) for the first year and C$2.00 for the balance of the 18 month term; and

- non flow-through Units at C$.40 (not C$0.50 as previously announced), each non flow-through Unit financing consisting of one common share plus one-half purchase warrant, each whole warrant being exercisable at C$.65 (not $0.75 as previously announced) for 18 months.

In addition, the Broker's Warrants to be issued to the Agent will entitle the Agent to acquire one common share for 18 months from closing at C$1.05 (not $C$1.15 as previously announced) in the first year and at C$2.00 for the balance of the term for each Broker's Warrant issued in consideration for sales of Flow-Through Units, and at C$.65 (not $0.75 as previously announced) for each Broker's Warrant issued in consideration for sales of non flow-through units.

As well, the Company's additional non-brokered private placement previously announced for up to 6,000,000 Units at a price of C$.50 for total gross proceeds of up to C$3,000,000 will be changed to 8,053,125 Units at a price of C$0.40 for gross proceeds of $3,221,250. Each Unit of the non-brokered private placement shall be issued on the same terms and conditions as the Brokered Unit financing.

As previously announced, proceeds from the sale of the Flow-Through Units will be used to fund exploration and development activities at the Company's properties, and proceeds from the sale of the non flow-through Units will be used to acquire the properties in Quebec, for exploration and development, and for working capital purposes.

The Brokered and non brokered financings are subject to acceptance by TSX-V.

ON BEHALF OF THE BOARD OF DIRECTORS

Jurgen Wolf, Director

ABOUT BONAVENTURE ENTERPRISES

Bonaventure Enterprises Inc. is a Canadian based resource and exploration company traded publicly under the symbol BVT on the TSX Venture Exchange and YQG on the Frankfurt Stock Exchange and Xetra. Presently with Uranium and polymetallic and diamond assets in the Athabasca Basin and in the James bay and North Shore regions of Quebec and with Gold properties in Nevada with some under a Joint-Venture with U.S. Gold (TSX:USG), Bonaventure is focused on the creation of shareholder value through the acquisition and development of large projects demonstrating the ability to host World-Class precious metals and energy based mineral deposits.

Please visit the Bonaventure Enterprises Inc.'s Website: www.bonaventure.us

Contact Information

  • First Canadian Capital
    Daniel Boase
    Toll Free: 1-866-580-8891
    or
    Paradox Public Relations
    Eric Leboeuf
    Toll Free: 1-866-460-0408