Bonavista Energy Corporation Announces Increase to Exchangeable Share Ratio

Bonavista Energy Corporation Announces Increase to Exchangeable Share Ratio 
CALGARY, ALBERTA -- (Marketwired) -- 08/01/14 --   Bonavista Energy
Corporation ("Bonavista") (TSX: BNP) is pleased to announce the
increase to the Exchange Ratio of its exchangeable shares from
1.24666 to 1.25282. This increase will be effective on August 15,
2014 (the "Effective Date"). 
The following are the details of the calculation of the Exchange

                                   Five day                                 
                                   Price of                                 
                                     common             Effective           
                       Bonavista     shares   Increase       Date   Exchange
Record                  Dividend  (Prior to         in     of the      Ratio
Date of        Opening       per    the end   Exchange   increase  as of the
Bonavista     Exchange    common     of the      Ratioin Exchange  Effective
Dividend         Ratio     share     Month)        (1)      Ratio       Date
July 31,                                               August 15,           
 2014          1.24666     $0.07     $14.16    0.00616       2014    1.25282

(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.