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NuVista Energy Ltd. Announces Closing of Equity Financings

CALGARY, ALBERTA--(Marketwired - April 29, 2015) - NuVista Energy Ltd. ("NuVista") (TSX:NVA) is pleased to announce that it has closed its previously announced public offering of 11,465,000 common shares and 2,313,000 common shares issued on a "flow-through" basis pursuant to the Tax Act (Canada) ("Flow-Through Shares") through a syndicate of underwriters co-led by RBC Capital Markets and Peters & Co. Limited and including CIBC World Markets Inc., Scotia Capital Inc., FirstEnergy Capital Corp., TD Securities Inc., BMO Capital Markets and National Bank Financial Inc. at a price of $7.85 per common share and $8.65 per Flow-Through Share for aggregate gross proceeds of approximately $110 million.

In addition NuVista issued, on a private placement basis, 231,040 Flow-Through Shares at a price of $8.65 per Flow-Through Share for aggregate gross proceeds of approximately $2 million.

INVESTOR INFORMATION

NuVista is an independent Canadian oil and natural gas exploration, development and production company with its common shares trading on the Toronto Stock Exchange under the symbol "NVA".

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