Ontario Teachers' Pension Plan Board invests in NuVista Energy Ltd.



    TORONTO, Sept. 19 /CNW/ - Ontario Teachers' Pension Plan Board
("Teachers'") today announced that it acquired ownership of 1,645,000 common
shares ("Common Shares") of NuVista Energy Ltd. ("NuVista" or the "Company")
on the Toronto Stock Exchange, representing 2% of the outstanding Common
Shares.
    Teachers' now owns or exercises control or direction over 12,802,246
Common Shares and owns Warrants exercisable into 3,000,000 Common Shares.
Teachers' is deemed under the early warning provisions of the applicable
provincial securities legislation to beneficially own and control 15,802,246
Common Shares, representing approximately 19.247% of the outstanding Common
Shares calculated on a partially-diluted basis (allowing for conversion of the
Warrants but not of any other outstanding convertible securities).
    Teachers' has acquired the Common Shares for investment purposes only. In
fulfilling its responsibilities as an owner of securities, Teachers' may make
its view known to the Company's management or Board of Directors when proxies
are solicited and on other occasions. Depending on market conditions and other
factors that Teachers' may deem material to its investment decisions,
Teachers' may in the future acquire Common Shares, Warrants, options,
debentures or other debt or derivative securities related to the Common
Shares, Warrants in the open market or in privately negotiated purchases or
otherwise, and may also, depending on then-current circumstances, dispose of
all or a portion of the Common Shares, Warrants, options, debentures or other
debt or derivative securities related to the Common Shares, in one or more
transactions, in each case to the extent then permitted by applicable law and
regulation.
    With over $108.5 billion in net assets as of December 31,2007, Ontario
Teachers' Pension Plan is the largest single-profession pension plan in
Canada. An independent organization, it invests the pension fund's assets and
administers the pensions of 278,000 active and retired Ontario teachers.
    This news release is being issued under the early warning provisions of
Canadian provincial securities legislation. For further information a copy of
the Early Warning Report that will be filed with the applicable securities
commissions can be obtained by contacting:

    
    Deborah Allan
    Director, Communications
    Ontario Teachers' Pension Plan
    (416) 730-5347
    deborah_allan@otpp.com
    





For further information:

For further information: Deborah Allan, Director, Communications,
Ontario Teachers' Pension Plan, (416) 730-5347, deborah_allan@otpp.com


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