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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 -

TONBRIDGE POWER NAMES VETERAN RESOURCE AND PROJECT FINANCE EXECUTIVE TO ITS BOARD OF DIRECTORS & ANNOUNCES APPOINTMENT TO MANAGE

21/04/2011 11:01pm

PR Newswire (Canada)


Tonbridge Power (TSXV:TBZ)
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TORONTO, April 21 /CNW/ -- TSX Venture Exchange Symbol: TBZ TORONTO, April 21 /CNW/ - Tonbridge Power Inc. (TSXV-TBZ), is pleased to announce that Jeff Swinoga has been named a member of the board of directors of Tonbridge Power Inc. and that Ryan Farquhar has joined as Vice President & General Counsel. Mr. Swinoga brings over 18 years of experience in the mining, resource and finance industries. He has a wealth of experience in leading debt and project financings, and currently holds the position of Vice President Finance & CFO of North American Palladium, a Toronto-based precious metals mining company which trades on the NYSE Amex and on the TSX.  "Jeff's vast experience in the areas of project finance and financial management will be invaluable to Tonbridge Power" said Johan van't Hof, CEO of Tonbridge Power. "We look forward to benefiting from Jeff's advice on a number of important and complex issues, and to his Chairing of our Audit Committee."  Swinoga said he "has followed the development of Tonbridge Power and its leadership, and is excited at the invitation to join the board of directors in leading the company's growth and the completion of the MATL project." The second appointment, that of Ryan Farquhar is based has more than 12 years of business and legal experience, including managing a portfolio of private equity and venture capital investments. He is responsible for all legal matters at Tonbridge Power, and will be instrumental in helping to develop business strategy.  Mr van't Hof stated "we look forward to drawing on Ryan's broad experience and are looking to him to play a key role in the growth of the Company. On April 20, 2011, the board of directors of Tonbridge Power approved the grant of 3000 options to Mr. Swinoga as a director and 70,000 options in connection with Mr. Farquhar's services under the Company's stock option plan which has a twelve month vesting schedule, with options expiring in 5 years.  The strike price of these issued options is $1.64 based on the closing price of Tonbridge Power's shares on April 20, 2011 as per TSX Venture Exchange rules. Tonbridge Power is a Toronto-based developer of electrical transmission assets, whose principal asset is a 100% interest in MATL. Shares of the Company are traded on the TSX Venture Exchange under the symbol "TBZ". 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. To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/April2011/21/c6369.html p Tonbridge Power Inc.br/ Johan van 't Hof, President and Chief Executive Officerbr/ (416) 850-2150  email: a href="mailto:jvanthof@tonbridgepower.com"jvanthof@tonbridgepower.com/abr/ Robert McFarlane, Chief Business Officerbr/ (416) 850-2150  email: a href="mailto:rmcfarlane@tonbridgepower.com" cr="true"rmcfarlane@tonbridgepower.com/a /p p Brisco Capital Partners Corp.br/ Graeme A. Dick, Partnerbr/ (403) 561-8989  email: a href="mailto:graeme@briscocapital.com" cr="true"graeme@briscocapital.com/a /p p Please Visit the Company's Website at: a href="http://www.tonbridgepower.com" cr="true"www.tonbridgepower.com/a /p

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