CALGARY, ALBERTA -- (Marketwired) -- 07/04/17 -- Bonavista Energy Corporation (TSX: BNP) ("Bonavista") is pleased to announce the increase to the Exchange Ratio of its exchangeable shares from 1.43643 to 1.44189. This increase will be effective on July 17, 2017 (the "Effective Date").
The following are the details of the calculation of the Exchange Ratio:
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Five day
Weighted
Average
Trading
Price of
Bonavista
Bonavista common Increase Effective Exchange
Record Dividend shares in Date of the Ratio as
Date of Opening per (Prior to Exchange increase in of the
Bonavista Exchange common the end of Ratio Exchange Effective
Dividend Ratio share the Month) (1) Ratio Date
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June 30,
2017 1.43643 $0.01 $2.63 0.00546 July 17, 2017 1.44189
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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.
Contacts:
Dean M. Kobelka
Vice President, Finance & CFO
Berk Sumen
Investor Relations Lead
Bonavista Energy Corporation
1500, 525 - 8th Avenue SW
Calgary, AB T2P 1G1
Phone: (403) 213-4300
Website: www.bonavistaenergy.com
