Tonbridge Power Inc.
TSX VENTURE : TBZ

Tonbridge Power Inc.

July 28, 2009 16:01 ET

Tonbridge Power Inc. Extinguishes Debt With Common Shares as Approved by the TSX Venture Exchange

TORONTO, ONTARIO--(Marketwire - July 28, 2009) - Tonbridge Power Inc. (TSX VENTURE:TBZ), ("Tonbridge Power" or the "Company") 100% controlling shareholder of the Montana Alberta Tie Ltd. ("MATL") transmission line project to interconnect the electricity markets of Alberta and the US through a 300 MW transmission line, announces that it has issued common shares to 8 directors and 1 advisor to the Board ("Directors") of Tonbridge as payment for Directors' fees earned for the eighteen months between January 1, 2008 and June 25, 2009.

On June 25, 2009, Tonbridge announced intent to issue shares as compensation to the directors for fees earned during the last eighteen months. On July 16, 2009, Tonbridge received approval to issue 1,071,115 shares, calculated at 0.21 per share. These shares were issued to extinguish a debt of $224,934. Securities have been issued with a hold period expiring on November 20, 2009.

Tonbridge Power Inc. is a Toronto-based developer of electrical transmission assets, whose principle 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".

Should you wish to receive company notices via email please notify us at info@tonbridgepower.com.

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.

Contact Information