Bonavista Energy Corporation
TSX : BNP

Bonavista Energy Corporation

March 03, 2014 16:05 ET

Bonavista Energy Corporation Announces Increase to Exchangeable Share Ratio

CALGARY, ALBERTA--(Marketwired - March 3, 2014) - Bonavista Energy Corporation ("Bonavista") (TSX:BNP) is pleased to announce the increase to the Exchange Ratio of its exchangeable shares from 1.22019 to 1.22558. This increase will be effective on March 17, 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
February 28,
2014

1.22019

$0.07

$15.85
0.00539 March 17, 2014 1.22558

(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