Le Lézard
Classified in: Oil industry, Business
Subject: STOCK/OTHER MARKET NEWS

Bonavista Energy Corporation Announces Increase to Exchangeable Share Ratio



CALGARY, ALBERTA--(Marketwired - Oct. 2, 2017) - Bonavista Energy Corporation (TSX:BNP) ("Bonavista") is pleased to announce the increase to the Exchange Ratio of its exchangeable shares from 1.44189 to 1.44650. This increase will be effective on October 16, 2017 (the "Effective Date").

The following are the details of the calculation of the Exchange Ratio:

             


Record
Date of
Bonavista
Dividend





Opening
Exchange
Ratio



Bonavista
Dividend
per common
share
Five day
Weighted
Average
Trading
Price of
Bonavista
common
shares
 (Prior to
the end
of the Month)





Increase in
Exchange
Ratio (1)



Effective
Date of the
increase in
Exchange
Ratio




Exchange
Ratio as
of the
Effective
Date
September 29, 2017 1.44189 $0.01 $3.13 0.00461 October 16, 2017 1.44650
(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 Computershare at its principal transfer office in Suite 600, 530 - 8th Avenue S.W., Calgary, Alberta, T2P 3S8.

Please visit our website at www.bonavistaenergy.com for detailed corporate information.

Bonavista is focused on creating premium shareholder value through the efficient development of high quality oil and natural gas assets.


These press releases may also interest you

at 16:43
OBSIDIAN ENERGY LTD. ("Obsidian Energy", the "Company", "we", "us" or "our") announces that it received notification on September 18, 2018 from the New York Stock Exchange (the "NYSE") that Obsidian Energy is no longer in compliance with one of the...

at 16:43
Alimentation Couche-Tard Inc. ("Couche-Tard") continues to focus on both organic growth and acquisitions, while exercising outstanding brand creativity and financial discipline. It has delivered on the company's promise through decades of...

at 16:02
Darling Ingredients Inc. reported today that the Diamond Green Diesel ("DGD") facility in Norco, LA, which is a joint venture with a subsidiary of Valero Energy Corporation ("Valero"), will be taking downtime from September 21, 2018 until...

at 15:30
The Government of Canada is committed to gender balance in the workforce and recognizes that diversity is key to success. As it stands, there is a gender-imbalance in Canada's energy industry, with women representing only 25% of the clean energy...

at 15:16
LAGCOE, a nonprofit energy industry organization focused on promoting commerce and connecting people through educational programs and a technical exposition and conference, held an announcement press conference Wednesday, September 12, with city and...

at 13:13
Today, Massachusetts Governor Charlie Baker, Lt. Governor Karyn Polito, Lawrence Mayor Daniel Rivera, Andover Town Manager Andrew Flanagan, North Andover Town Manager Andrew Maylor and Beth Francis of the Essex County Community Foundation (ECCF)...




News published on 2 october 2017 at 16:33 and distributed by: