Enbridge Closes Acquisition of Tonbridge Power
October 11 2011 - 12:36AM
PR Newswire (Canada)
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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