Bonavista Energy Corporation Announces Increase to Exchangeable Share Ratio

Bonavista Energy Corporation Announces Increase to Exchangeable Share Ratio 
CALGARY, ALBERTA -- (Marketwired) -- 11/07/13 -- Bonavista Energy
Corporation ("Bonavista") (TSX:BNP) is pleased to announce the
increase to the Exchange Ratio of its exchangeable shares from
1.19526 to 1.20205. This increase will be effective on November 15,
2013 (the "Effective Date"). 
The following are the details of the calculation of the Exchange

                                Five day                                    
                             Trading Price                                  
                              of Bonavista              Effective           
  Record            Bonavista    common                    Date    Exchange 
   Date             Dividend     shares                   of the   Ratio as 
    of     Opening     per    (Prior to the Increase in  increase   of the  
 Bonavista Exchange  common    end of the    Exchange  in Exchange Effective
 Dividend   Ratio     share      Month)      Ratio (1)    Ratio      Date   
  October                                                November           
    31,                                                    15,              
   2013    1.19526    $0.07      $12.33       0.00679      2013     1.20205 
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 Valiant Trust Company
at its principal transfer office in Suite 310, 606 - 4th Street S.W.,
Calgary, Alberta, T2P 1T1. 
Please visit our website at for detailed
corporate information.
Bonavista Energy Corporation
Glenn A. Hamilton
Senior Vice President & CFO
(403) 213-4300
Press spacebar to pause and continue. Press esc to stop.