Bonavista Energy Corporation Announces Increase to Exchangeable Share Ratio

 Bonavista Energy Corporation Announces Increase to Exchangeable Share Ratio  NEWS RELEASE TRANSMITTED BY Marketwired  FOR: Bonavista Energy Corporation  TSX SYMBOL:  BNP  JULY 2, 2014  Bonavista Energy Corporation Announces Increase to Exchangeable Share Ratio  CALGARY, ALBERTA--(Marketwired - July 2, 2014) - Bonavista Energy Corporation (TSX:BNP) ("Bonavista") is pleased to announce the increase to the Exchange Ratio of its exchangeable shares from 1.24133 to 1.24666. This increase will be effective on July 15, 2014 (the "Effective Date").  The following are the details of the calculation of the Exchange Ratio:  /T/  --------------------------------------------------------------------------  Five day                                 Weighted                                 Average                                  Trading                                  Price of            Effective            Bonavista             Date of             common                the    Exchange  Record Date            Bonavista    shares   Increase  increase  Ratio as   of      Opening    Dividend   (Prior to    in        in      of the    Bonavista   Exchange  per common the end of Exchange  Exchange  Effective   Dividend    Ratio      share    the Month) Ratio (1)   Ratio     Date    --------------------------------------------------------------------------   June 30,                                             July 15,             2014     1.24133     $0.07      $16.30    0.00533    2014     1.24666  --------------------------------------------------------------------------  (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.                               /T/  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.  -30- FOR FURTHER INFORMATION PLEASE CONTACT:  Glenn A. Hamilton Senior Vice President & CFO or Bonavista Energy Corporation 1500, 525 - 8th Avenue SW Calgary, AB T2P 1G1 (403) 213-4300  INDUSTRY:  Energy and Utilities - Oil and Gas   SUBJECT:  STK 
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