TSX Venture Exchange
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.
SOURCE Tonbridge Power Inc.
For further information:
Tonbridge Power Inc.
Johan van 't Hof, President and Chief Executive Officer
(416) 850-2150 email: email@example.com
Robert McFarlane, Chief Business Officer
(416) 850-2150 email: firstname.lastname@example.org
Brisco Capital Partners Corp.
Graeme A. Dick, Partner
(403) 561-8989 email: email@example.com
Please Visit the Company's Website at: www.tonbridgepower.com