Bonavista Energy Corporation Announces Increase to Exchangeable Share Ratio

Bonavista Energy Corporation Announces Increase to Exchangeable Share Ratio 
CALGARY, ALBERTA -- (Marketwired) -- 04/01/14 -- Bonavista Energy
Corporation (TSX:BNP) ("Bonavista") is pleased to announce the
increase to the Exchange Ratio of its exchangeable shares from
1.22558 to 1.23098. This increase will be effective on April 15, 2014
(the "Effective Date"). 
The following are the details of the calculation of the Exchange
Ratio: 


 
----------------------------------------------------------------------------
                                Five day                                    
                                Weighted                                    
                                Average                                     
                                Trading                                     
                                Price of                                    
                               Bonavista                                    
                                 common               Effective    Exchange 
  Record             Bonavista   shares    Increase  Date of the Ratio as of
  Date of   Opening  Dividend   (Prior to     in     increase in     the    
 Bonavista Exchange per common the end of  Exchange    Exchange   Effective 
 Dividend    Ratio     share   the Month)  Ratio (1)    Ratio        Date   
----------------------------------------------------------------------------
 March 31,                                            April 15,             
    2014    1.22558    $0.07     $15.89     0.00540      2014      1.23098  
----------------------------------------------------------------------------
(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 www.bonavistaenergy.com for detailed
corporate information.
Contacts:
Glenn A. Hamilton
Senior Vice President & CFO 
Bonavista Energy Corporation
1500, 525 - 8th Avenue SW
Calgary, AB T2P 1G1
(403) 213-4300
 
 
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