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 
CALGARY, ALBERTA -- (Marketwired) -- 07/10/14 --   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. 
Contacts:
Keith A. MacPhail
Executive Chairman 
Jason E. Skehar
President & CEO 
Glenn A. Hamilton
Senior Vice President & CFO 
Bonavista Energy Corporation
1500, 525 - 8th Avenue SW
Calgary, AB T2P 1G1
(403) 213-4300
www.bonavistaenergy.com
 
 
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