December 03, 2012 16:01 ET
CALGARY, ALBERTA--(Marketwire - Dec. 3, 2012) - Bonavista Energy Corporation ("Bonavista") (TSX:BNP) is pleased to announce the increase to the Exchange Ratio of its exchangeable shares from 1.12477 to 1.13313. This increase will be effective on December 17, 2012 (the "Effective Date").
The following are the details of the calculation of the Exchange Ratio:
A holder of Bonavista exchangeable shares can exchange all or a portion of their holdings into Bonavista common shares, 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.
Glenn A. HamiltonSenior Vice President & CFO(403) 213-4300Bonavista Energy Corporation1500, 525 - 8th Avenue SWCalgary, AB T2P 1G1www.bonavistaenergy.com
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