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Bonavista Energy Corporation Announces Increase to Exchangeable Share Ratio

01.08.2013 | 22:02 Uhr | Marketwired

CALGARY, ALBERTA--(Marketwired - Aug 1, 2013) - Bonavista Energy Corp. ("Bonavista") (TSX:BNP) is pleased to announce the increase to the Exchange Ratio of its exchangeable shares from 1.17632 to 1.18259. This increase will be effective on August 15, 2013 (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, 2013
1.17632
$0.07
$13.13		 0.00627 August 15,
2013
1.18259
(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.

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Contact

Bonavista Energy Corp.
Glenn A. Hamilton
Senior Vice President & CFO
1500, 525 - 8th Avenue SW
Calgary, AB T2P 1G1
(403) 213-4300

Unternehmen dieses Artikels: MGX Minerals Inc., Power Metals Corp.,
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