Tonbridge Power Announces that Institutional Shareholder Services (ISS) Recommends that Shareholders Vote FOR its Acquisition by Enbridge Inc.

TSX Venture Exchange
Symbol: TBZ

TORONTO, Sept. 20, 2011 /CNW/ - Tonbridge Power Inc. (TSXV: TBZ) ("Tonbridge" or the "Corporation") is pleased to announce that Institutional Shareholder Services ("ISS") has recommended that shareholders of Tonbridge vote FOR its acquisition by Enbridge Inc. (the "Acquisition") at the upcoming special meeting of shareholders to be held on September 26, 2011.

ISS is a leading independent international corporate governance analysis and proxy voting firm. Its recommendations assist shareholders to make decisions regarding proxy voting.  In their analysis ISS said:

"In view of the satisfactory premium and cash consideration and voting support, shareholder approval is warranted."*

"We are pleased that ISS shares our view that shareholders should support the acquisition of Tonbridge by Enbridge. We look forward to resuming construction on the MATL project and are pleased to have an independent validation of our view that moving forward with Enbridge is in the best interest of all concerned" said Robert van Beers, Tonbridge Power's Chief Executive Officer.

Shareholders are reminded to vote their proxy FOR the Acquisition before the proxy deadline of Thursday, September 22, 2011 at 4:00 p.m. (Toronto time).

For further information or assistance in voting your securities, shareholders may contact Kingsdale Shareholder Services Inc. at 1-800-749-9052 or email

*Permission to quote from the ISS report was neither sought nor obtained.   

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 future revenues. 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 Company's Annual Information Form for the year ended December 31, 2005, 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  email:

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

Brisco Capital Partners Corp.
Graeme A. Dick
(403) 561-8989  email:

Please Visit the Company's Website at:

Profil de l'entreprise

Tonbridge Power Inc.

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