Bonavista Energy Corporation
TSX : BNP

Bonavista Energy Corporation

February 02, 2015 16:05 ET

Bonavista Energy Corporation Announces Increase to Exchangeable Share Ratio

CALGARY, ALBERTA--(Marketwired - Feb. 2, 2015) - Bonavista Energy Corporation ("Bonavista") (TSX:BNP) is pleased to announce the increase to the Exchange Ratio of its exchangeable shares from 1.29497 to 1.30251. This increase will be effective on February 17, 2015 (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
January 30, 2014
1.29497

$0.035

$6.01
0.00754 February 17, 2015 1.30251
(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 maintaining its emphasis on operating high quality oil and natural gas properties, providing a balance of growth and income 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
    www.bonavistaenergy.com