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TBZ Tonbridge Power

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Share Name Share Symbol Market Type
Tonbridge Power TSXV:TBZ TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Enbridge Closes Acquisition of Tonbridge Power

11/10/2011 6:36am

PR Newswire (Canada)


Tonbridge Power (TSXV:TBZ)
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TSX Venture Exchange Symbol: TBZ TORONTO, Oct. 13, 2011 /CNW/ - Tonbridge Power Inc. ("Tonbridge") is pleased to announce that the 100% acquisition of Tonbridge by an affiliate of Enbridge Inc. pursuant to a court-approved plan of arrangement has been completed. Each former Tonbridge shareholder is entitled to receive CAD $0.54 per common share held as at October 4, 2011.  Tonbridge's common shares will be delisted from the Toronto Venture Exchange and Tonbridge will be applying to cease to be a reporting issuer under applicable Canadian securities legislation. Tonbridge Power Inc. is a Toronto-based developer of electrical transmission assets, whose principal asset is a 100% interest in Montana Alberta Tie Ltd. Shares of the Corporation are traded on the TSX Venture Exchange under the symbol "TBZ". The Corporation's financial statements and other filings can be found on SEDAR. Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Tonbridge Power Inc. CONTACT: Robert van Beers, Chief Executive Officer(416) 850-2150 email: rvanbeers@tonbridgepower.comRobert McFarlane, Chief Financial Officer(416) 850-2150 email: rmcfarlane@tonbridgepower.comBrisco Capital Partners Corp.Graeme A. Dick, Partner(403) 561-8989 email: graeme@briscocapital.comPlease Visit the Company's Website at: www.tonbridgepower.com

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