Bonavista Energy Corporation Announces Closing of Bought Deal Financing and Ansell Area Asset Acquisition

Bonavista Energy Corporation Announces Closing of Bought Deal Financing and 
Ansell Area Asset Acquisition 
NEWS RELEASE TRANSMITTED BY Marketwired 
FOR: Bonavista Energy Corporation 
TSX SYMBOL:  BNP 
JULY 10, 2014 
Bonavista Energy Corporation Announces Closing of Bought Deal Financing and
Ansell Area Asset Acquisition 
CALGARY, ALBERTA--(Marketwired - July 10, 2014) - Bonavista Energy Corporation
("Bonavista") (TSX:BNP) is pleased to announce that it has completed
its previously announced bought deal financing for gross proceeds of
approximately $201 million (the "Offering"). Pursuant to the
Offering, Bonavista, through a syndicate of underwriters led by CIBC and
including RBC Capital Markets, Scotiabank, TD Securities Inc., BMO Capital
Markets, National Bank Financial Inc., Peters & Co. Limited, AltaCorp
Capital Inc. and FirstEnergy Capital Corp., issued 12,100,000 common shares at
a price of $16.60 per common share. 
A portion of the proceeds from the Offering were used to fund Bonavista's
acquisition of certain natural gas weighted assets (the "Acquired
Assets") in the Ansell area of its Deep Basin Core Area, which was
completed on July 7, 2014. The remainder of the proceeds have been used to
reduce bank indebtedness and will be used to enhance development on the
Acquired Assets. The Acquired Assets mainly comprise of the vendor's 49%
working interest in the Bonavista-operated Wilrich play as well as some minor
lands in the immediate area.  
Bonavista is a mid-sized energy corporation with high quality oil and natural
gas operations in western Canada with a strategy to deliver a balance of growth
and income to its shareholders while maintaining financial strength and
sustainability. 
Bonavista's common shares trade on the Toronto Stock Exchange under the
symbol BNP. 
Please visit our website at www.bonavistaenergy.com for detailed corporate
information. 
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FOR FURTHER INFORMATION PLEASE CONTACT: 
Keith A. MacPhail
Executive Chairman
or
Jason E. Skehar
President & CEO
or
Glenn A. Hamilton
Senior Vice President & CFO
or
Bonavista Energy Corporation
1500, 525 - 8th Avenue SW
Calgary, AB T2P 1G1
(403) 213-4300
www.bonavistaenergy.com 
INDUSTRY:  Energy and Utilities - Oil and Gas  
SUBJECT:  FNC 
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-0- Jul/10/2014 12:40 GMT
 
 
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