Mr. Rob Jeffery of G2S2 reports
G2S2 CAPITAL INC. FILES EARLY WARNING REPORT FOR INVESTMENT IN BONAVISTA ENERGY CORPORATION
G2S2 Capital Inc. has disposed of 4,675,000 common shares of Bonavista Energy Corp., decreasing G2S2's holdings to 35,611,900 common shares, representing 13.48 per cent of Bonavista's outstanding common shares. G2S2 has filed an early warning report today pursuant to National Instrument 62-103 (the Early Warning System and Related Take-Over Bid and Insider Reporting Issues).
Specifically, on June 29, 2020, G2S2 disposed of 4,675,000 common shares of Bonavista through the facilities of the Toronto Stock Exchange at a price of 5.5 cents.
Prior to the disposition, G2S2 owned and exercised control over an aggregate of 40,286,900 common shares of Bonavista, representing 15.25 per cent of the outstanding common shares.
Immediately after the disposition, G2S2 owns and exercises control over an aggregate of 35,611,900 common shares of Bonavista, representing 13.48 per cent of the outstanding common shares. The disposition was undertaken for investment purposes. G2S2 may, from time to time, acquire additional common shares or dispose of some or all of its current or additional common shares in the normal course of its investment activities.
G2S2 has filed an early warning report relating to this press release on SEDAR under Bonavista's issuer profile.
For further information or to obtain a copy of the early warning report, please contact Rob Jeffery, executive vice-president and chief financial officer of G2S2 at 902-423-4000.
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