October 1, 2018 - 10:41 PM EDT
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Bonavista Energy Corporation Announces Increase to Exchangeable Share Ratio

Canada NewsWire

(TSX: BNP)

CALGARY, Oct. 1, 2018 /CNW/ - Bonavista Energy Corporation ("Bonavista") is pleased to announce the increase to the Exchange Ratio of its exchangeable shares from 1.47487 to 1.48526. This increase will be effective on October 15, 2018 (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

September

28, 2018

1.47487

$0.01

$1.42

0.01039

October 15,

2018

1.48526

(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.

 

SOURCE Bonavista Energy Corporation

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/October2018/01/c5323.html

Jason E. Skehar, President & CEO or Dean M. Kobelka, Vice President, Finance & CFO; Bonavista Energy Corporation, 1500, 525 - 8th Avenue SW, Calgary, AB T2P 1G1, Phone: (403) 213-4300, Website: www.bonavistaenergy.comCopyright CNW Group 2018


Source: Canada Newswire (October 1, 2018 - 10:41 PM EDT)

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