Calgary, Alberta--(Newsfile Corp. - August 12, 2020) - Bonavista Energy Corporation (TSX: BNP) ("Bonavista" or the "Company") today announced the completion of its previously announced recapitalization transaction (the "Recapitalization Transaction") as further described in the Company's management information circular dated July 2, 2020 and implemented pursuant to a court-approved plan of arrangement under the Canada Business Corporations Act (the "Plan of Arrangement"). As previously announced, pursuant to the approvals obtained in respect of the Plan of Arrangement all existing shareholders, other than G2S2 Capital Inc. ("G2S2"), and its affiliates and associates, will receive $0.05 in cash in exchange for each of their pre-consolidation Common Shares under the Plan of Arrangement to be paid by G2S2.

Calgary, Alberta--(Newsfile Corp. - August 4, 2020) - Bonavista Energy Corporation (TSX: BNP) ("Bonavista" or the "Company") today announced that, in connection with the previously announced recapitalization transaction (the "Recapitalization Transaction") described in the Company's management information circular dated July 2, 2020, the Company has obtained a final order (the "Final Order") from the Court of Queen's Bench of Alberta approving the plan of arrangement under the Canada Business Corporations Act (the "Plan of Arrangement") pursuant to which the Recapitalization Transaction is being implemented.

Calgary, Alberta--(Newsfile Corp. - July 30, 2020) - Bonavista Energy Corporation (TSX: BNP) ("Bonavista") is pleased to report to shareholders its financial and operating results for the six months ended June 30, 2020. The financial statements and notes, as well as management's discussion and analysis, are available on the System for Electronic Document Analysis and Retrieval ("SEDAR") at http://www.sedar.com and on Bonavista's website at www.bonavistaenergy.com.

Calgary, Alberta--(Newsfile Corp. - July 30, 2020) - Bonavista Energy Corporation (TSX: BNP) ("Bonavista" or the "Company") today announced that at the meetings (the "Meetings") of holders (the "Senior Noteholders") of the Company's outstanding (i) 4.37% Notes due November 2, 2020; (ii) 4.25% Notes due October 25, 2021; (iii) 4.47% Notes due November 2, 2022; (iv) 3.68% Notes due May 23, 2023; (v) 4.09% Notes due May 23, 2023; (vi) 3.80% Notes due April 25, 2025; and (vii) 3.78% Notes due May 23, 2025 (collectively, the "Senior Notes") and holders (the "Existing Shareholders") of the Company's common shares (the "Common Shares") and exchangeable shares (the "Exchangeable Shares") held today, the Senior Noteholders and Existing Shareholders approved the Company's previously announced recapitalization transaction (the "Recapitalization Transaction") to be implemented pursuant to a plan of arrangement (the "Plan of Arrangement") under the Canada Business Corporations Act (the "CBCA").

Calgary, Alberta--(Newsfile Corp. - July 17, 2020) -  Bonavista Energy Corporation (TSX: BNP) ("Bonavista" or the "Company") announces Institutional Shareholder Services Inc. ("ISS") and Glass, Lewis & Co., LLC ("Glass Lewis") have recommended that Bonavista shareholders vote FOR all of the resolutions relating to the proposed recapitalization of the Company that are outlined in Bonavista's management information circular dated July 2, 2020 prepared in respect of the annual and special meeting of Bonavista shareholders scheduled for July 30, 2020 at 10:30 a.m. (MDT).

Calgary, Alberta--(Newsfile Corp. - June 19, 2020) - Bonavista Energy Corporation (TSX: BNP) ("Bonavista" or the "Company") announced today that the Court of Queen's Bench of Alberta (the "Court") has issued an interim order (the "Interim Order") authorizing, among other things, the holding of the following meetings (collectively, the "Meetings"): (i) a meeting (the "Senior Noteholders' Meeting") of holders of the Company's outstanding: (i) 4.37% Notes due November 2, 2020; (ii) 4.25% Notes due October 25, 2021; (iii) 4.47% Notes due November 2, 2022; (iv) 3.68% Notes due May 23, 2023; (v) 4.09% Notes due May 23, 2023; (vi) 3.80% Notes due April 25, 2025; and (vii) 3.78% Notes due May 23, 2025 (collectively, the "Senior Notes"); and (ii) a meeting (the "Shareholders' Meeting") of holders (the "Existing Shareholders") of the Company's common shares (the "Common Shares") and exchangeable shares (the "Exchangeable Shares" and collectively, the "Existing Shares"), in each case to consider and vote upon a corporate plan of arrangement (the "Plan of Arrangement") under section 192 of the Canada Business Corporations Act (the "CBCA") to implement the previously announced proposed recapitalization transaction (the "Recapitalization Transaction").

Calgary, Alberta--(Newsfile Corp. - June 19, 2020) - Bonavista Energy Corporation (TSX: BNP) ("Bonavista" or the "Company") announced today a proposed recapitalization transaction (the "Recapitalization Transaction") designed to balance the capital structure and strengthen the Company's overall financial position. The Recapitalization Transaction would, among other things, reduce the Company's total outstanding debt by approximately $482.6 million (representing 56% of the Company's current outstanding debt) and reduce cash interest payments by approximately $16 million annually (representing 43% of the Company's current annual cash interest payments).

Calgary, Alberta--(Newsfile Corp. - June 15, 2020) -  Bonavista Energy Corporation (TSX: BNP) ("Bonavista" or the "Company") announces that the period under which the previously announced forbearance agreements (the "Forbearance Agreements") among Bonavista and the lenders (the "Lenders") under the Company's amended and restated credit agreement dated as of September 8, 2017 (the "Credit Agreement") and the holders (the "Noteholders") of the Company's senior notes (collectively, the "Notes") has been extended to June 17, 2020 in order to continue negotiations of Bonavista's debt maturities, in each case on the terms and conditions set out in the Forbearance Agreements, as extended. The Lenders have also agreed to continue to allow the Company access to the $25 million swing line loan facility granted under the Credit Agreement for ordinary course operational purposes, on the terms and conditions set out in the Forbearance Agreement.

Calgary, Alberta--(Newsfile Corp. - May 28, 2020) - Bonavista Energy Corporation (TSX: BNP) ("Bonavista" or the "Company") announces that the period under which the previously announced forbearance agreements (the "Forbearance Agreements") among Bonavista and the lenders (the "Lenders") under the Company's amended and restated credit agreement dated as of September 8, 2017 (the "Credit Agreement") and the holders (the "Noteholders") of the Company's senior notes (collectively, the "Notes") has been extended to June 15, 2020 in order to continue negotiations of Bonavista's debt maturities, in each case on the terms and conditions set out in the Forbearance Agreements, as extended. The Lenders have also agreed to continue to allow the Company access to the $25 million swing line loan facility granted under the Credit Agreement for ordinary course operational purposes, on the terms and conditions set out in the Forbearance Agreement.

Calgary, Alberta--(Newsfile Corp. - May 13, 2020) - Bonavista Energy Corporation (TSX: BNP) ("Bonavista") is pleased to report to shareholders its financial and operating results for the three months ended March 31, 2020. The financial statements and notes, as well as management's discussion and analysis, are available on the System for Electronic Document Analysis and Retrieval ("SEDAR") at http://www.sedar.com and on Bonavista's website at www.bonavistaenergy.com.

Calgary, Alberta--(Newsfile Corp. - May 4, 2020) - Bonavista Energy Corporation (TSX: BNP) ("Bonavista" or the "Company") announces that it has entered into forbearance agreements (the "Forbearance Agreements") with the lenders (the "Lenders") under the Company's amended and restated credit agreement dated as of September 8, 2017 (the "Credit Agreement") and with holders (the "Noteholders") of the Company's senior notes (collectively, the "Notes").

Calgary, Alberta--(Newsfile Corp. - April 27, 2020) - Bonavista Energy Corporation (TSX: BNP) ("Bonavista" or the "Company") announces that the Company, its banking syndicate (the "Lenders"), and the holders (the "Noteholders") of the Company's senior unsecured notes have been actively negotiating the reorganization of the Company's debt maturities and related interim arrangements. In connection with such matters, the Lenders continue to allow the Company access to the swing line loan facility effective as of March 20, 2020 provided for under the existing unsecured $500 million bank credit facility (the "Facility") for ordinary course operational purposes based upon the company's current surplus cash position. In conjunction with its discussions with the Noteholders, the Company is deferring interest payments on its senior unsecured notes pending completion of such discussions. There is no certainty that the parties will reach an agreement regarding such matters or that the Lenders will continue to allow the Company to access the Facility.

Calgary, Alberta--(Newsfile Corp. - March 24, 2020) - Bonavista Energy Corporation (TSX: BNP) ("Bonavista" or the "Company") and Canadian Imperial Bank of Commerce ("CIBC") as administrative agent on behalf of a syndicate of lenders, including CIBC, The Toronto-Dominion Bank, Bank of Montreal, Royal Bank of Canada, The Bank of Nova Scotia, National Bank of Canada, ATB Financial and Federation des Caisses Desjardins du Quebec, under its existing unsecured $500 million bank credit facility (the "Facility") have agreed, subject to certain conditions, to a waiver of conditions precedent to drawdown under the Facility until April 27, 2020. This will enable the Company to access the Facility, up to $25 million above the amount currently drawn, for ordinary course operational purposes.

Calgary, Alberta--(Newsfile Corp. - March 18, 2020) - Bonavista Energy Corporation (TSX: BNP) ("Bonavista" or the "Company") has worked extensively over the past twelve months in an effort to realign its near term debt maturities and maintain adequate liquidity to continue ordinary course operations in extraordinary market conditions. As part of these efforts, Bonavista issued a draw request for $175 million available under its existing $500 million bank credit facility (the "Facility") with a syndicate of eight Canadian banks consisting of Canadian Imperial Bank of Commerce ("CIBC"), The Toronto-Dominion Bank, Royal Bank of Canada, Bank of Montreal, The Bank of Nova Scotia, National Bank of Canada, Alberta Treasury Branches and Caisse Centrale Desjardins (the "Banking Syndicate").

Calgary, Alberta--(Newsfile Corp. - February 13, 2020) - Bonavista Energy Corporation (TSX: BNP) ("Bonavista") is pleased to report to shareholders its financial and operating results for the three months and year ended December 31, 2019. The financial statements and notes, as well as management's discussion and analysis, are available on the System for Electronic Document Analysis and Retrieval ("SEDAR") at http://www.sedar.com and on Bonavista's website at www.bonavistaenergy.com.

Calgary, Alberta--(Newsfile Corp. - December 5, 2019) - Bonavista Energy Corporation (TSX: BNP) ("Bonavista" or the "Company") is pleased to announce the acquisition of certain oil and liquids rich natural gas weighted properties (the "Acquired Assets") located within our West Central Alberta core area (the "Acquisition") which are synergistic to our existing operations, complementary to our development plans and accretive to our debt leverage.

Calgary, Alberta--(Newsfile Corp. - November 5, 2019) - Bonavista Energy Corporation (TSX: BNP) ("Bonavista") is pleased to report to shareholders its financial and operating results for the three and nine months ended September 30, 2019. In the third quarter of 2019, we generated adjusted funds flow of $34.6 million and successfully drilled our first Duvernay horizontal well. The financial statements and notes, as well as management's discussion and analysis, are available on the System for Electronic Document Analysis and Retrieval ("SEDAR") at http://www.sedar.com and on Bonavista's website at www.bonavistaenergy.com.

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CALGARY, Jan. 2, 2019 /CNW/ - Bonavista Energy Corporation ("Bonavista") is pleased to announce the increase to the Exchange Ratio of its exchangeable shares from 1.48526 to 1.49889. This increase will be effective on January 16, 2019 (the "Effective Date").

CALGARY, Dec. 14, 2018 /CNW/ - Bonavista Energy Corporation ("Bonavista") confirms that a quarterly dividend of $0.01 per common share will be paid in cash on January 16, 2019 to common shareholders of record on December 31, 2018. The ex‑dividend date is December 28, 2018.

CALGARY, Nov. 1, 2018 /CNW/ - Bonavista Energy Corporation ("Bonavista") is pleased to report to shareholders its financial and operating results for the three and nine months ended September 30, 2018. We have maintained quarterly production at 68,036 boe per day, while spending only 61% of adjusted funds flow. The unaudited financial statements and notes, as well as management's discussion and analysis, are available on the System for Electronic Document Analysis and Retrieval ("SEDAR") at http://www.sedar.com and on Bonavista's website at www.bonavistaenergy.com.

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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").

Bonavista Energy Corporation ("Bonavista") (TSX: BNP) confirms that a quarterly dividend of $0.01 per common share will be paid in cash on October 16, 2017 to common shareholders of record on September 29, 2017. The ex-dividend date is September 28, 2017.

Bonavista Energy Corporation ("Bonavista") (TSX:BNP) confirms that a quarterly dividend of $0.01 per common share will be paid in cash on October 16, 2017 to common shareholders of record on September 29, 2017. The ex-dividend date is September 28,...

Bonavista Energy Corporation (TSX: BNP) ("Bonavista") is pleased to report to shareholders its financial and operating results for the six months ended June 30, 2017. Results for the second quarter of 2017 are highlighted by a 29% increase in funds from operations and a 6% decrease in cash costs when compared to the second quarter of 2016. The unaudited financial statements and notes, as well as management's discussion and analysis, are available on the System for Electronic Document Analysis and Retrieval ("SEDAR") at http://www.sedar.com and on Bonavista's website at

Bonavista Energy Corporation (TSX:BNP) ("Bonavista") is pleased to report to shareholders its financial and operating results for the six months ended June 30, 2017. Results for the second quarter of 2017 are highlighted by a 29% increase in funds...

Bonavista Energy Corporation (TSX:BNP) ("Bonavista") is pleased to announce the increase to the Exchange Ratio of its exchangeable shares from 1.43643 to 1.44189. This increase will be effective on July 17, 2017 (the "Effective Date")....

Bonavista Energy Corporation ("Bonavista") (TSX: BNP) confirms that a quarterly dividend of $0.01 per common share will be paid in cash on July 17, 2017 to common shareholders of record on June 30, 2017. The ex-dividend date is June 28, 2017.

Bonavista Energy Corporation ("Bonavista") (TSX:BNP) confirms that a quarterly dividend of $0.01 per common share will be paid in cash on July 17, 2017 to common shareholders of record on June 30, 2017. The ex-dividend date is June 28, 2017....

Bonavista Energy Corporation (TSX: BNP) ("Bonavista") announces that all matters presented for approval at the annual meeting of shareholders held today have been fully authorized and approved. A total of 151,127,539 votes, representing 59.3% of total votes entitled to vote at the meeting, were voted in connection with the matters considered at the meeting.

Bonavista Energy Corporation (TSX:BNP) ("Bonavista") announces that all matters presented for approval at the annual meeting of shareholders held today have been fully authorized and approved. A total of 151,127,539 votes, representing 59.3% of...

Bonavista Energy Corporation ("Bonavista") (TSX:BNP) is pleased to report to shareholders its financial and operating results for the three months ended March 31, 2017. Results for the first quarter of 2017 are highlighted by a 19% increase in...

Bonavista Energy Corporation ("Bonavista") (TSX: BNP) is pleased to report to shareholders its financial and operating results for the three months ended March 31, 2017. Results for the first quarter of 2017 are highlighted by a 19% increase in funds from operations and a 5% decrease in cash costs when compared to the first quarter of 2016. Cash costs of $8.98 per boe are the lowest achieved in the past decade showcasing our continued emphasis on cost reductions and efficiency improvements. The unaudited financial statements and notes, as well as management's discussion and

Bonavista Energy Corporation (TSX: BNP) ("Bonavista") is pleased to announce the increase to the Exchange Ratio of its exchangeable shares from 1.43223 to 1.43643. This increase will be effective on April 17, 2017 (the "Effective Date").

Bonavista Energy Corporation (TSX:BNP) ("Bonavista") is pleased to announce the increase to the Exchange Ratio of its exchangeable shares from 1.43223 to 1.43643. This increase will be effective on April 17, 2017 (the "Effective Date")....

Bonavista Energy Corporation ("Bonavista") (TSX: BNP) confirms that a quarterly dividend of $0.01 per common share will be paid in cash on April 17, 2017 to common shareholders of record on March 31, 2017. The ex-dividend date is March 29, 2017.

Bonavista Energy Corporation ("Bonavista") (TSX:BNP) confirms that a quarterly dividend of $0.01 per common share will be paid in cash on April 17, 2017 to common shareholders of record on March 31, 2017. The ex-dividend date is March 29, 2017....

Bonavista Energy Corporation (TSX: BNP) ("Bonavista") is pleased to report to shareholders its financial and operating results for the three months and year ended December 31, 2016. A focused capital program supported by strategic non-core divestitures resulted in total net debt reduction of $433 million or 33% while maintaining entrance-to-exit production. Bonavista's emphasis on cost reductions and efficiency improvements continued in 2016. Operating and cash costs improved to $5.60 per boe and $9.40 per boe resulting in a 15% and 12% improvement relative to the prior year.

Bonavista Energy Corporation (TSX:BNP) ("Bonavista") is pleased to report to shareholders its financial and operating results for the three months and year ended December 31, 2016. A focused capital program supported by strategic non-core...

Bonavista Energy Corporation ("Bonavista") (TSX: BNP) is pleased to report that our 2016 exploration and development ("E&D") program has resulted in a finding and development ("F&D") cost of $6.97 per barrel of oil equivalent ("boe") on a proved plus probable basis. When combined with our acquisition and divestiture program ("A&D"), finding, development and acquisition ("FD&A") costs were $(0.55) per boe on a proved plus probable basis, in each case including changes in future development costs ("FDC").

Bonavista Energy Corporation ("Bonavista") (TSX:BNP) is pleased to report that our 2016 exploration and development ("E&D") program has resulted in a finding and development ("F&D") cost of $6.97 per barrel of oil equivalent ("boe") on a...

Bonavista Energy Corporation ("Bonavista") (TSX:BNP) is pleased to announce the increase to the Exchange Ratio of its exchangeable shares from 1.42923 to 1.43223. This increase will be effective on January 16, 2017 (the "Effective...

Bonavista Energy Corporation ("Bonavista") (TSX: BNP) is pleased to announce the increase to the Exchange Ratio of its exchangeable shares from 1.42923 to 1.43223. This increase will be effective on January 16, 2017 (the "Effective Date").

Bonavista Energy Corporation ("Bonavista") (TSX: BNP) confirms that a quarterly dividend of $0.01 per common share will be paid in cash on January 16, 2017 to common shareholders of record on December 31, 2016. The ex-dividend date is December 28, 2016.

Bonavista Energy Corporation ("Bonavista") (TSX:BNP) confirms that a quarterly dividend of $0.01 per common share will be paid in cash on January 16, 2017 to common shareholders of record on December 31, 2016. The ex-dividend date is December...

Bonavista Energy Corporation (TSX:BNP) ("Bonavista") is pleased to report to shareholders its financial and operating results for the three and nine months ended September 30, 2016. Operating and cash costs improved to $5.31 per boe and $9.25...

Bonavista Energy Corporation (TSX: BNP) ("Bonavista") is pleased to report to shareholders its financial and operating results for the three and nine months ended September 30, 2016. Operating and cash costs improved to $5.31 per boe and $9.25 per boe in the third quarter of 2016 resulting in a 19% and 14% improvement relative to the prior year period, supporting Bonavista's emphasis on cost reductions and efficiency improvements. The unaudited financial statements and notes, as well as management's discussion and analysis, are available on the System for Electronic Document

Results of the Quarterly Review of the S&P/TSX Composite Buyback and Shareholder Yield Indices

Bonavista Energy Corporation (TSX:BNP) ("Bonavista") is pleased to announce the increase to the Exchange Ratio of its exchangeable shares from 1.42573 to 1.42923. This increase will be effective on October 17, 2016 (the "Effective...

Bonavista Energy Corporation (TSX: BNP) ("Bonavista") is pleased to announce the increase to the Exchange Ratio of its exchangeable shares from 1.42573 to 1.42923. This increase will be effective on October 17, 2016 (the "Effective Date").

Bonavista Energy Corporation ("Bonavista") (TSX: BNP) confirms that a quarterly dividend of $0.01 per common share will be paid in cash on October 17, 2016 to common shareholders of record on September 30, 2016. The ex-dividend date is September 28, 2016.

Bonavista Energy Corporation ("Bonavista") (TSX:BNP) confirms that a quarterly dividend of $0.01 per common share will be paid in cash on October 17, 2016 to common shareholders of record on September 30, 2016. The ex-dividend date is September...

Results of the Quarterly Review of the S&P/TSX Composite Index

Bonavista Energy Corporation (TSX: BNP) ("Bonavista" or the "Company") is pleased to announce that it has entered into an agreement to acquire certain liquids rich natural gas weighted properties (the "Acquired Assets") located within its Deep Basin and West Central Alberta core regions in exchange for properties within its non-core region located in northeastern British Columbia (the "Divested Assets"). This asset exchange has an effective date of January 1, 2016 and is expected to close in the first week of October, 2016. There are no cash proceeds

Bonavista Energy Corporation (TSX:BNP) ("Bonavista" or the "Company") is pleased to announce that it has entered into an agreement to acquire certain liquids rich natural gas weighted properties (the "Acquired Assets") located within...

Bonavista Energy Corporation ("Bonavista") (TSX: BNP) is pleased to report to shareholders its financial and operating results for the three and six months ended June 30, 2016. Operating and cash costs improved to $5.58 per boe and $9.51 per boe in the second quarter of 2016 resulting in a 21% and 16% improvement relative to the prior year period, supporting Bonavista's emphasis on cost reductions and efficiency improvements. The unaudited financial statements and notes, as well as management's discussion and analysis, are available on the System for Electronic Document Analysis

Bonavista Energy Corporation ("Bonavista") (TSX:BNP) is pleased to report to shareholders its financial and operating results for the three and six months ended June 30, 2016. Operating and cash costs improved to $5.58 per boe and $9.51 per boe...

Bonavista Energy Corporation ("Bonavista") (TSX:BNP) is pleased to announce the increase to the Exchange Ratio of its exchangeable shares from 1.42129 to 1.42573. This increase will be effective on July 15, 2016 (the "Effective Date")....

Bonavista Energy Corporation ("Bonavista") (TSX: BNP) is pleased to announce the increase to the Exchange Ratio of its exchangeable shares from 1.42129 to 1.42573. This increase will be effective on July 15, 2016 (the "Effective Date").

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAW. Bonavista Energy Corporation ("Bonavista")...

Bonavista Energy Corporation ("Bonavista") (TSX: BNP) confirms that a dividend of $0.01 per common share will be paid in cash on July 15, 2016 to common shareholders of record on June 30, 2016. The ex-dividend date is June 28, 2016.

Bonavista Energy Corporation ("Bonavista") (TSX:BNP) confirms that a dividend of $0.01 per common share will be paid in cash on July 15, 2016 to common shareholders of record on June 30, 2016. The ex-dividend date is June 28, 2016....

TORONTO, May 27, 2016 /CNW/ - Trading resumes in:

TORONTO, May 26, 2016 /CNW/ - The following issues have been halted by IIROC:

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAW. Bonavista Energy Corporation (TSX:BNP)...

Bonavista Energy Corporation (TSX:BNP) ("Bonavista") announces that all matters presented for approval at the annual meeting of shareholders held today have been fully authorized and approved. A total of 128,234,469 votes, representing 59.00% of...

Bonavista Energy Corporation (TSX: BNP) ("Bonavista") announces that all matters presented for approval at the annual meeting of shareholders held today have been fully authorized and approved. A total of 128,234,469 votes, representing 59.00% of total votes entitled to vote at the meeting, were voted in connection with the matters considered at the meeting.

Bonavista Energy Corporation ("Bonavista") (TSX:BNP) is pleased to report to shareholders its financial and operating results for the three months ended March 31, 2016. Operating and cash costs improved to $5.75 per boe and $9.45 per boe...

Bonavista Energy Corporation ("Bonavista") (TSX: BNP) is pleased to report to shareholders its financial and operating results for the three months ended March 31, 2016. Operating and cash costs improved to $5.75 per boe and $9.45 per boe in the first quarter of 2016 resulting in a 18% and 14% improvement relative to the prior year period, supporting Bonavista's emphasis on cost reductions and efficiency improvements. The unaudited financial statements and notes, as well as management's discussion and analysis, are available on the System for Electronic Document Analysis and

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").

Bonavista Energy Corporation (TSX: BNP) ("Bonavista") confirms that a dividend of $0.01 per common share will be paid in cash on April 15, 2016 to common shareholders of record on March 31, 2016. The ex-dividend date is March 29, 2016. This dividend has been designated as an "eligible dividend" for Canadian income tax purposes.

Bonavista Energy Corporation ("Bonavista") (TSX: BNP) is pleased to announce the increase to the Exchange Ratio of its exchangeable shares from 1.40915 to 1.41580. This increase will be effective on March 15, 2016 (the "Effective Date").