NuVista Energy Ltd. Announces Flow-Through Share Financings

CALGARY, Oct. 4, 2013 /CNW/ - NuVista Energy Ltd. ("NuVista") (TSX:NVA) is 
pleased to announce that it has entered into an agreement with a syndicate of 
underwriters co-led by Peters & Co. Limited and RBC Capital Markets Corp., and 
including CIBC World Markets Inc., FirstEnergy Capital Corp., Scotia Capital 
Inc., BMO Capital Markets and TD Securities Inc. (collectively, the 
"Underwriters"), pursuant to which the Underwriters have agreed to purchase 
for resale to the public, on a bought deal basis, 3.2 million common shares to 
be issued on a "flow-through" basis in respect of Canadian exploration expense 
("CEE FT Shares") at a price of $8.00 per CEE FT Share for aggregate gross 
proceeds of approximately $25.6 million (the "Public Offering"). 
In addition, NuVista intends to complete a non-brokered private placement of 
up to 1.6 million common shares on a "flow-through" basis in respect of 
Canadian development expense ("CDE FT Shares") at a price of $7.20 per share 
and up to 150,000 CEE FT Shares at a price of $8.00 per share for aggregate 
proceeds of up to approximately $12.7 million (the "Private Placement"). 
Certain directors, officers and employees of NuVista intend to participate in 
the Private Placement. 
The CEE FT Shares and CDE FT Shares will be issued on a flow-through basis 
pursuant to the Income Tax Act (Canada) and the purchasers will be entitled to 
renunciations of Canadian exploration expense and Canadian development 
expense, respectively. 
The gross proceeds of the Public Offering and the Private Placement 
(collectively the "Offerings") will be used by NuVista to incur eligible 
Canadian exploration expenses and eligible Canadian development expenses. 
The Offerings are scheduled to close on or about October 29, 2013 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 118.7 million common shares outstanding. 
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: the use of proceeds of the 
Offerings; the expected timing of completion of the Offerings; the size of the 
Private Placement; the participation of NuVista directors, officers and 
employees in the Private Placement and the satisfaction of the conditions of 
closing of the Offerings and on the anticipated timeframes. 
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.
 

SOURCE  NuVista Energy Ltd. 
Jonathan Wright President and CEO (403) 538-8501 
Robert F. Froese VP, Finance and CFO (403) 538-8530 
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CO: NuVista Energy Ltd.
ST: Alberta
NI: OIL LOAN MNA NEWSTK PVT  
-0- Oct/04/2013 12:24 GMT
 
 
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