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Bonavista Energy Corporation


April 3, 2017

Bonavista Energy Corporation Announces Increase to Exchangeable Share Ratio

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Keywords :   End | Energy | Investment | K Street | Natural Gas | Oil | Ratio | Record | Trading |

CALGARY, ALBERTA--(Marketwired - April 3, 2017) - Bonavista Energy Corporation (TSX:BNP) ("Bonavista") is pleased to announce the increase to the Exchange Ratio of its exchangeable shares from 1.43223 to 1.43643. This increase will be effective on April 17, 2017 (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
March 31, 2017 1.43223 $0.01 $3.41 0.00420 April 17, 2017 1.43643
(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 Computershare at its principal transfer office in Suite 600, 530 - 8th Avenue S.W., Calgary, Alberta, T2P 3S8.

Please visit our website at www.bonavistaenergy.com for detailed corporate information.

Bonavista is focused on creating premium shareholder value through the efficient development of high quality oil and natural gas assets.

 

CONTACT INFORMATION:

    Dean M. Kobelka
    Vice President, Finance & CFO

    or

    Berk Sumen
    Investor Relations Lead

    or

    Bonavista Energy Corporation
    1500, 525 - 8th Avenue SW
    Calgary, AB T2P 1G1
    Phone: (403) 213-4300
    Website: www.bonavistaenergy.com
 


If you no longer want to receive announcements from us, please do not reply to this e-mail. Instead simply click .

Bonavista Energy Trust

CODE : BNP-UN.TO
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Bonavista Energy is a producing company based in Canada.

Bonavista Energy is listed in Canada. Its market capitalisation is CA$ 3.9 billions as of today (US$ 4.0 billions, € 3.0 billions).

Its stock quote reached its lowest recent point on April 04, 1996 at CA$ 0.07, and its highest recent level on January 06, 2011 at CA$ 28.85.

Bonavista Energy has 133 840 000 shares outstanding.

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Annual reports of Bonavista Energy Trust
2008 Annual report
Financings of Bonavista Energy Trust
4/4/2017Announces Increase to Exchangeable Share Ratio
Financials of Bonavista Energy Trust
7/26/2016Announces 2016 Second Quarter Results
Corporate news of Bonavista Energy Trust
12/1/2010Announces Increase to Exchangeable Share Ratio
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TORONTO (BNP-UN.TO)
28.85-0.93%
TORONTO
CA$ 28.85
01/06 18:40 -0.270
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