Tonbridge Power Inc.

Tonbridge Power Inc.

June 12, 2009 09:02 ET

Tonbridge Power Inc. Closes Over-Allotment Option

TORONTO, ONTARIO--(Marketwire - June 12, 2009) -


Tonbridge Power Inc. (TSX VENTURE:TBZ) ("Tonbridge" or the "Company") is pleased to announce that it has closed the issue of an additional 3,262,500 common shares at a price of $0.23 per common share for gross proceeds of $750,375 pursuant to the exercise of the over-allotment option (the "Over-Allotment Option") granted by Tonbridge to Clarus Securities Inc. ("Clarus"). The Over-Allotment Option was granted to Clarus in connection with Tonbridge's short form prospectus offering (the "Offering") of 21,750,000 common shares at $0.23 per share, for gross proceeds of $5,002,500, which closed on June 4, 2009. The total gross proceeds raised pursuant to the Offering and the Over-Allotment Option was $5,752,875.

The Company is the 100% controlling shareholder of Montana Alberta Tie Ltd. ("MATL"), which is developing a 300 MW, 230kV transmission line to interconnect the electricity markets of Alberta and the US. Tonbridge is listed on the TSX Venture Exchange and trades under the symbol "TBZ".

Forward Looking Information

Certain information regarding the Company set forth in this document, including the closing of the offering, management's assessment of the Company's future plans and operations and use of proceeds contains forward-looking information that involves substantial known and unknown risks and uncertainties. This forward-looking information is subject to numerous risks and uncertainties, some of which are beyond the Company's and management's control, including but not limited to, the impact of general economic conditions, industry conditions, fluctuation of foreign exchange rates, environmental, construction, regulatory and financing risks, debt and cash requirements, industry competition and performance or achievement could differ materially from those expressed in, or implied by, this forward-looking information and, accordingly, no assurance can be given that any of the events anticipated to occur or transpire from the forward-looking information will provide any benefits.

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.

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