Bonavista Energy Corp. Announces Increase to Exchangeable Share Ratio

03.06.2013  |  Marketwired

CALGARY, ALBERTA -- (Marketwired - June 3, 2013) - Bonavista Energy Corporation ("Bonavista") (TSX:BNP) is pleased to announce the increase to the Exchange Ratio of its exchangeable shares from 1.16535 to 1.17038. This increase will be effective on June 17, 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
May 31,
2013
1.16535
$0.07
$16.23 0.00503 June 17,
2013
1.17038

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

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

Bonavista Energy Corporation
1500, 525 - 8th Avenue SW
Calgary, AB T2P 1G1
www.bonavistaenergy.com