Bonavista Energy Corporation
TSX : BNP

Bonavista Energy Corporation

August 01, 2014 14:13 ET

Bonavista Energy Corporation Announces Increase to Exchangeable Share Ratio

CALGARY, ALBERTA--(Marketwired - Aug. 1, 2014) - Bonavista Energy Corporation ("Bonavista") (TSX:BNP) is pleased to announce the increase to the Exchange Ratio of its exchangeable shares from 1.24666 to 1.25282. This increase will be effective on August 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
July 31, 2014
1.24666

$0.07

$14.16
0.00616 August 15, 2014 1.25282

(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.

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