NuVista Energy : Announces Closing of Equity Financing

CALGARY, ALBERTA--(Marketwired - Oct. 28, 2016) -

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NuVista Energy Ltd. ('NuVista') (TSX:NVA) is pleased to announce that it has closed its previously announced public offering of 15,111,000 common shares (the 'Common Shares') of which 1,971,000 Common Shares were issued pursuant to the full exercise of the over-allotment option granted to the underwriters, at a price of $6.85 per Common Share for aggregate gross proceeds of approximately $103.5 million. The syndicate of underwriters was co-led by RBC Capital Markets and Peters & Co. Limited.

This press release is not an offer of the Common Shares for sale in the United States. The Common Shares may not be offered or sold in the United States absent registration or an exemption from registration. The Common Shares will not be publicly offered in the United States. The Common Shares have not been and will not be registered under the U.S. Securities Act, or any state securities laws.

INVESTOR INFORMATION

NuVista is an oil and natural gas company actively engaged in the exploration for, and the development and production of, oil and natural gas reserves in the Western Canadian Sedimentary Basin. Our primary focus is on the scalable and repeatable condensate-rich Montney formation in the Alberta Deep Basin (Wapiti Montney).