BRIEF-Bonavista Energy acquires certain liquids rich natural gas weighted properties in Deep Basin, West Central Alberta core regions

Tue Sep 6, 2016 8:47am EDT
 
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Sept 6 (Reuters) - Bonavista Energy Corp :

* Bonavista Energy Corporation announces strategic asset exchange

* To acquire certain liquids rich natural gas weighted properties in Deep Basin, West Central Alberta core regions

* To acquire the properties in exchange for properties within its non-core region located in Northeastern British Columbia

* "There are no cash proceeds involved in asset exchange"

* Additional funds from operations generated in 2016 from acquired assets will result in net debt to FFO ratio of approximately 2.9:1 Source text for Eikon: Further company coverage: