Bonavista Energy Corporation
TSX : BNP

Bonavista Energy Corporation

October 01, 2014 16:05 ET

Bonavista Energy Corporation Announces Increase to Exchangeable Share Ratio

CALGARY, ALBERTA--(Marketwired - Oct. 1, 2014) - Bonavista Energy Corporation ("Bonavista") (TSX:BNP) is pleased to announce the increase to the Exchange Ratio of its exchangeable shares from 1.25882 to 1.26561. This increase will be effective on October 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
September 30, 2014
1.25882
$
0.07
$
12.98
0.00679 October 15, 2014 1.26561
(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.

Bonavista is a mid-sized energy corporation committed to prudently operating high quality oil and natural gas properties and providing consistent returns to our shareholders while ensuring financial strength and sustainability.

Contact Information

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

    Berk Sumen
    Manager, Investor Relations
    (403) 213-4300

    1500, 525 - 8th Avenue SW
    Calgary, AB T2P 1G1
    (403) 213-4300
    www.bonavistaenergy.com