Tonbridge Power Inc.

Tonbridge Power Inc.

November 04, 2009 17:22 ET

Tonbridge Power Inc. Consolidates Its Common Shares

TORONTO, ONTARIO--(Marketwire - Nov. 4, 2009) - Tonbridge Power Inc. (TSX VENRURE:TBZ) ("Tonbridge" or the "Company") is pleased to announce that the common shares of the Corporation (the "Common Shares") have been consolidated on the basis of one (1) new common share for every ten (10) Common Shares issued and outstanding (the "Consolidation").

The number of issued and outstanding Common Shares has been reduced from 284,821,107 Common Shares to 28,482,111 Common Shares. Furthermore, each existing stock option, warrant or other security of the Corporation convertible into pre-Consolidation Common Shares (the "Convertible Securities") will be adjusted pursuant to the terms thereof on the same exchange ratio described above and each holder of pre-Consolidation Convertible Securities will become entitled to receive post-Consolidation Common Shares pursuant to such adjusted terms.

The Consolidation was approved by the shareholders of the Company ("Shareholders") at the Company's special meeting (the "Meeting") held on November 4, 2009 and has also been approved by the TSX Venture Exchange Inc. (the "TSX-V"). A total of 155,815,639 Common Shares were voted at the Meeting, with 151,605,806 Common Shares (98.83%) voted in favour of the Consolidation and 1,791,083 Common Shares (1.17%) voted against the Consolidation.

Effective at the opening of trading on Friday, November 6, 2009, the Common Shares will commence trading on the TSX-V on a consolidated basis (ten (10) old to one (1) new).

Letters of transmittal have previously been mailed to registered Shareholders. In order to obtain new share certificates, registered Shareholders must complete and return the letter of transmittal along with their share certificates to the Company's transfer agent, as explained in detail in the management information circular relating to the Consolidation and the accompanying letter of transmittal.

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 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.

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