Bonavista Energy Corporation

TSX : BNP


Bonavista Energy Corporation

January 02, 2014 16:01 ET

Bonavista Energy Corporation Announces Increase to Exchangeable Share Ratio

CALGARY, ALBERTA--(Marketwired - Jan. 2, 2014) - Bonavista Energy Corporation ("Bonavista") (TSX:BNP) is pleased to announce the increase to the Exchange Ratio of its exchangeable shares from 1.20836 to 1.21443. This increase will be effective on January 15, 2014 (the "Effective Date").

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







Record Date of Bonavista Dividend







Opening Exchange Ratio





Bonavista Dividend per common share
Five day Weighted
Average Trading Price of Bonavista common shares (Prior to the end of the month)







Increase in Exchange Ratio (1)






Effective Date of the increase in Exchange Ratio





Exchange Ratio as of the Effective Date
December 31, 2013 1.20836 $ 0.07 $ 13.93 0.00607 January 15, 2014 1.21443
(1) The increase in the Exchange Ratio is calculated by multiplying the Bonavista dividend per common share by the Exchange Ratio immediately prior to the Record Date and dividing by the five day weighted average trading price of Bonavista's common shares.

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.

Contact Information

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

    Bonavista Energy Corporation
    1500, 525 - 8thAvenue SW
    Calgary, AB T2P 1G1
    www.bonavistaenergy.com