CALGARY, ALBERTA — (Marketwire) — 08/01/12 — Bonavista Energy Corporation (“Bonavista”) (TSX: BNP) is pleased to announce the increase to the Exchange Ratio of its exchangeable shares from 1.09435 to 1.10158. This increase will be effective on August 15, 2012 (the “Effective Date”).
The following are the details of the calculation of the Exchange Ratio:
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.
Contacts:
Glenn A. Hamilton
Senior Vice President & CFO
Bonavista Energy Corporation
1500, 525 – 8th Avenue SW
Calgary, AB T2P 1G1
(403) 213-4300