Bonavista Energy Corporation Announces Increase to Exchangeable Share Ratio
(firmenpresse) - CALGARY, ALBERTA -- (Marketwired) -- 04/01/16 -- Bonavista Energy Corporation ("Bonavista") (TSX: BNP) is pleased to announce the increase to the Exchange Ratio of its exchangeable shares from 1.41580 to 1.42129. This increase will be effective on April 15, 2016 (the "Effective Date").
The following are the details of the calculation of the Exchange Ratio:
As announced on February 25, 2016 with our 2015 year end results, effective April 1, 2016, our dividend policy has been changed to $0.01 per common share per quarter. As such, the first increase to the exchangeable share ratio under this revised policy is expected to be confirmed on July 1, 2016. Bonavista''s dividend policy will be reviewed quarterly and be based on future commodity prices, foreign exchange rates, and our commodity hedging program, current operations and future investment opportunities.
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 for detailed corporate information.
Bonavista is a mid-sized dividend paying energy corporation focused on the efficient development of high quality oil and natural gas assets while providing sustainable value to shareholders.
Contacts:
Dean M. Kobelka
Vice President, Finance & CFO
Berk Sumen
Manager, Investor Relations
Bonavista Energy Corporation
1500, 525 - 8th Avenue SW
Calgary, AB T2P 1G1
(403) 213-4300
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Datum: 01.04.2016 - 14:05 Uhr
Sprache: Deutsch
News-ID 1425494
Anzahl Zeichen: 2980
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CALGARY, ALBERTA
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Oil & Gas
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