Bonavista Energy Trust
TSX : BNP.UN

Bonavista Energy Trust

April 15, 2010 09:20 ET

Bonavista Energy Trust Announces Closing of Bought Deal Financing

CALGARY, ALBERTA--(Marketwire - April 15, 2010) - Bonavista Energy Trust ("Bonavista") (TSX:BNP.UN) is pleased to announce that it has completed its previously announced bought deal financing for gross proceeds of $177 million. Pursuant to the offering, Bonavista, through a syndicate of underwriters co-led by CIBC World Markets Inc. and TD Securities Inc. and including BMO Nesbitt Burns Inc., RBC Dominion Securities Inc., Scotia Capital Inc., National Bank Financial Inc., FirstEnergy Capital Corp., Macquarie Capital Markets Canada Ltd., Peters & Co. Limited and HSBC Securities (Canada) Inc., issued 7,500,000 trust units at a price of $23.60 per trust unit.

Bonavista Energy Trust is a mid-sized energy trust created through the reorganization of Bonavista Petroleum Ltd. on July 2, 2003. Bonavista Energy Trust is committed to maintaining its emphasis on operating high quality oil and natural gas properties, providing moderate growth and delivering consistent distributions to its unitholders while ensuring financial strength and sustainability. Bonavista's trust units trade on the Toronto Stock Exchange under the symbol BNP.UN.

Contact Information

  • Keith A. MacPhail
    Chairman & CEO
    (403) 213-4300
    or
    Jason E. Skehar
    President & COO
    (403) 213-4300
    or
    Ronald J. Poelzer
    Executive Vice President
    (403) 213-4300
    or
    Glenn A. Hamilton
    Senior Vice President & CFO
    (403) 213-4300
    or
    Bonavista Energy Trust
    700, 311 - 6th Avenue SW
    Calgary, AB T2P 3H2
    www.bonavistaenergy.com