Tonbridge Shareholders Vote in Favour of Acquisition by Enbridge

TSX Venture Exchange
Symbol: TBZ

TORONTO, Sept. 26, 2011 /CNW/ - Tonbridge Power Inc. (TSXV: TBZ) ("Tonbridge" or the "Corporation") is pleased to announce that the special meeting of shareholders held today to vote on the acquisition of Tonbridge by Enbridge Inc. pursuant to a plan of arrangement resulted in overwhelming support for the acquisition to proceed.

A total of 15,564,769 votes, representing 99.04% of the total votes cast at the meeting, were cast in favour of the acquisition, which is expected to be effected by way of a plan of arrangement under the Ontario Business Corporations Act.

An application for the final order approving the plan of arrangement will be heard by the Ontario Superior Court of Justice on September 28, 2011.  Assuming final approval is given by the court, completion of the acquisition is expected to occur after the remaining regulatory approval under the Canada Transportation Act has been obtained, and could occur as early as September 30, 2011.  The transaction is conditional on closing occurring by October 14, 2011.

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.

Cautionary Note Regarding Forward-Looking Statements  
This news release contains "forward-looking statements", within the meaning of applicable Canadian securities legislation, concerning the business, operations and financial performance and condition of the Company. Forward-looking statements include, but are not limited to, statements with respect to the closing of the transaction. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "should", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: the conditionality of the revenue contracts, risks related to the financing or construction of the transmission line; risks related to the performance of parties contracting for transmission capacity; delays in obtaining governmental approvals, permits or project financing or in the completion of development or construction activities, requirements for additional capital, government regulation, environmental risks as well as those factors discussed in the section entitled "Risk Factors" in the Management Discussion & Analysis for the six months ended June 30, 2011, available on Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not undertake to update any forward-looking statements that are incorporated by reference herein, except in accordance with applicable securities laws.

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:

Robert van Beers, Chief Executive Officer (416) 850-2150 

Robert McFarlane, Chief Financial Officer (416) 850-2150 

Brisco Capital Partners Corp. 
Graeme A. Dick, Partner (403) 561-8989 

Please Visit the Company's Website at:

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