Bonavista Energy Trust
TSX : BNP.UN

Bonavista Energy Trust

September 01, 2009 16:01 ET

Bonavista Energy Trust Announces Increase to Exchangeable Share Ratio

CALGARY, ALBERTA--(Marketwire - Sept. 1, 2009) - Bonavista Energy Trust (TSX:BNP.UN) is pleased to announce the increase to the Exchange Ratio of the Exchangeable Shares of Bonavista Petroleum Ltd. from 2.14518 to 2.16408. This increase will be effective on September 15, 2009.

The following are the details of the calculation of the Exchange Ratio:

      Five day      
      Weighted      
      Average      
    Bonavista Trading Price     Exchange
Record Date   Energy of BNP.UN   Effective Date Ratio as
of Bonavista Opening Trust (Prior to the Increase in of the Increase of
Energy Trust Exchange Distribution end of the Exchange in Exchange Effective
Distribution Ratio per Unit Month) Ratio (1)Ratio Date
August 31,         September 15,  
2009 2.14518 $0.16 $18.16 0.01890 2009 2.16408
(1) The increase in the Exchange Ratio is calculated by multiplying the Bonavista Energy Trust Distribution per Unit by the Exchange Ratio immediately prior to the Record Date and dividing by the five day weighted average trading price of BNP.UN.


A holder of Bonavista Petroleum Ltd. Exchangeable Shares can exchange all or a portion of their holdings into Bonavista Energy Trust Units, at any time, by giving notice to their investment advisor or Valiant Trust Company at its principal transfer office in Suite 310, 606 – 4th Street S.W., Calgary, Alberta, T2P 1T1.

Please visit our website at www.bonavistaenergy.com for detailed corporate information.

Contact Information

  • Bonavista Energy Trust
    Glenn A. Hamilton
    Senior Vice President & CFO
    (403) 213-4300

    or

    700, 311 - 6th Avenue SW
    Calgary, AB T2P 3H2
    Website: www.bonavistaenergy.com