NuVista Energy Ltd. Announces $95 Million of Equity Financing and Expanded Wapiti Montney Capital Program/

NuVista Energy Ltd. Announces $95 Million of Equity Financing and Expanded 
Wapiti Montney Capital Program/ 
/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE 
UNITED STATES./ 
CALGARY, Nov. 19, 2012 /CNW/ - NuVista Energy Ltd. ("NuVista") (TSX:NVA) is 
pleased to announce that it has entered into agreements to issue a total of 
19,000,000 common shares including 1,700,000 common shares to be issued on a 
"flow-through" basis for gross proceeds of $94,783,000 (the "Offerings"). 
NuVista has entered into letters of intent with three investors to issue 
13,060,000 common shares, by way of a private placement, at an issue price of 
$4.90 per share for gross proceeds of $63,994,000. Franklin Templeton 
Investments Corp. and Ontario Teachers' Pension Plan Board, both existing 
shareholders, intend to purchase common shares issued in the Offerings at 
approximately their proportionate ownership interests purchasing 3,500,000 and 
3,440,000 common shares, respectively. NuVista is also pleased to announce 
that an additional strategic partner, Caisse de dépôt et placement du 
Québec intends to purchase approximately 6,120,000 common shares. NuVista 
welcomes Caisse de dépôt et placement du Québec to our already strong 
shareholder base, and thanks our longtime core shareholders for their 
continued support. 
NuVista has also entered into a "bought deal" agreement with a syndicate of 
underwriters led by Peters & Co. Limited and including BMO Capital Markets, 
CIBC World Markets Inc., FirstEnergy Capital Corp., RBC Capital Markets Corp., 
Scotia Capital Inc., and TD Securities Inc. (collectively, the "Underwriters") 
for the issuance of an additional 4,240,000 common shares at an issue price of 
$4.90 per share for gross proceeds of $20,776,000. NuVista has also entered 
into an agreement with the Underwriters to sell 1,110,000 common shares on a 
"flow-through" basis in respect of Canadian exploration expense ("Flow-Through 
Shares") at a price of $5.89 per share on a guaranteed agency basis for gross 
proceeds of $6,537,900. And finally, NuVista also intends to complete a 
private placement with certain directors and officers for an additional 
590,000 Flow-Through Shares at a price of $5.89 per share for gross proceeds 
of $3,475,100. 
The Offerings are scheduled to close on or about December 11, 2012 and are 
subject to customary regulatory approvals including the approval of the 
Toronto Stock Exchange (the "TSX"). Following the closing of the Offerings 
NuVista will have approximately 118.6 million common shares outstanding. 
Use of Proceeds 
Proceeds of the Offerings will initially be used to pay down bank indebtedness 
and then to fund an expanded 2013 Wapiti Montney capital program. The 
Offerings play a key role in increasing NuVista's financial flexibility and 
creating shareholder value through a sustainable growth model focused 
primarily on the development of the condensate-rich Wapiti Montney natural gas 
play. We anticipate our improved financial strength, coupled with the 
evolving processing and transportation capacity in the area will provide us 
with the opportunity to add a third rig to our Montney drilling activity at a 
time in the near future, likely mid 2013. The timing of this third rig will 
be determined based on ongoing drilling results and the commodity price 
environment as we proceed into 2013. NuVista continues to work with area 
operators and midstream companies towards long term processing solutions which 
we anticipate resolving in 2013. NuVista has previously released first half 
2013 guidance, and we look forward to announcing firm plans for the full year 
of 2013 in the coming months as we step up activity in this exciting area. 
This press release is not an offer of the common shares for sale in the United 
States. The common shares have not been, and will not be, registered under 
the U.S. Securities Act of 1933, as amended and may not be offered or sold in 
the Unites States absent registration or an exemption from the registration 
requirement of that Act. This press release shall not constitute an offer to 
sell or the solicitation of an offer to buy, nor shall there be any sale of 
these securities, in any jurisdiction in which such offer, solicitation or 
sale would be unlawful prior to registration or qualification under the 
securities laws of such province or other jurisdiction. 
ADVISORY REGARDING FORWARD-LOOKING INFORMATION AND STATEMENTS 
This press release contains forward-looking statements and forward-looking 
information (collectively, "forward-looking statements") within the meaning of 
applicable securities laws. The use of any of the words "will", "expects", 
"believe", "plans", "potential" and similar expressions are intended to 
identify forward-looking statements or information. 
More particularly and without limitation, this press release contains forward 
looking statements and information concerning: timing of announcement of 
future guidance; NuVista's capital and drilling program, focus, allocation and 
timing of expenditures; the anticipated potential of NuVista's asset base; 
anticipated increased processing and transportation capacity; the use of 
proceeds of the Offerings and the results and benefits to be achieved 
therefrom; the timing of the completion of the Offerings; the satisfaction of 
the conditions of closing of the Offerings in the timing planned; and 
NuVista's ongoing focus, strategy and growth plans. 
The forward-looking statements and information in this press release are based 
on certain key expectations and assumptions made by NuVista, including 
prevailing commodity prices and exchange rates; applicable royalty rates and 
tax laws; future well production rates; reserve and resource volumes; the 
performance of existing wells; the success obtained in drilling new wells; the 
sufficiency of budgeted capital expenditures in carrying out planned 
activities; the availability and cost of labour and services; the satisfaction 
of the conditions of closing of the Offerings on the timing planned, and the 
receipt, in a timely manner, of regulatory and other required approvals. 
Although NuVista believes that the expectations and assumptions on which such 
forward-looking statements and information are based are reasonable, undue 
reliance should not be placed on the forward-looking statements and 
information because NuVista can give no assurance that they will prove to be 
correct. There is no certainty that NuVista will achieve commercially viable 
production from its undeveloped lands and prospects. 
Since forward-looking statements and information address future events and 
conditions, by their very nature they involve inherent risks and 
uncertainties. Actual results could differ materially from those currently 
anticipated due to a number of factors and risks. These include, but are not 
limited to the risks associated with the oil and gas industry in general such 
as: operational risks in development, exploration and production; delays or 
changes in plans with respect to exploration or development projects or 
capital expenditures; the uncertainty of reserve estimates; the uncertainty of 
estimates and projections relating to reserves, production, costs and 
expenses; health, safety and environmental risks; commodity price and exchange 
rate fluctuations; marketing and transportation of petroleum and natural gas 
and loss of markets; environmental risks; competition; incorrect assessment of 
the value of acquisitions; failure to realize the anticipated benefits of 
acquisitions; failure to satisfy conditions to closing of the Offerings; 
failure to obtain the necessary regulatory and other approvals, including 
stock exchange approvals and on the timelines planned; risks that conditions 
to closing of the Offerings are not satisfied; and risk that the Board of 
Directors determines that it would be in the interests of NuVista to deploy 
the proceeds from the Offerings to some other purpose; ability to access 
sufficient capital from internal and external sources; stock market 
volatility; and changes in legislation, including but not limited to tax laws, 
royalty rates and environmental regulations. 
Readers are cautioned that the foregoing list of factors is not exhaustive. 
Additional information on these and other factors that could affect the 
operations or financial results of NuVista are included in reports on file 
with applicable securities regulatory authorities and may be accessed through 
the SEDAR website (www.sedar.com). 
Readers are cautioned that the assumptions used in the preparation of such 
information, although considered reasonable at the time of preparation, may 
prove to be imprecise and, as such, undue reliance should not be placed on 
forward-looking statements. NuVista's actual results, performance or 
achievement could differ materially from those expressed in, or implied by, 
these forward-looking statements, or if any of them do so, what benefits 
NuVista will derive therefrom. NuVista disclaims any intention or obligation 
to update or revise any forward-looking statements, whether as a result of new 
information, future events or otherwise, except as required by law.  
Jonathan Wright President and CEO (403) 538-8501  Robert F. Froese VP, 
Finance and CFO (403) 538-8530 
SOURCE: NuVista Energy Ltd. 
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CO: NuVista Energy Ltd.
ST: Alberta
NI: OIL LOAN MNA  
-0- Nov/19/2012 13:24 GMT