TONBRIDGE POWER NAMES VETERAN RESOURCE AND PROJECT FINANCE EXECUTIVE TO ITS BOARD OF DIRECTORS & ANNOUNCES APPOINTMENT TO MANAGE
22 April 2011 - 12:01AM
PR Newswire (Canada)
TORONTO, April 21 /CNW/ -- TSX Venture Exchange Symbol: TBZ
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. To
view this news release in HTML formatting, please use the following
URL:
http://www.newswire.ca/en/releases/archive/April2011/21/c6369.html
p Tonbridge Power Inc.br/ Johan van 't Hof, President and Chief
Executive Officerbr/ (416) 850-2150 email: a
href="mailto:jvanthof@tonbridgepower.com"jvanthof@tonbridgepower.com/abr/
Robert McFarlane, Chief Business Officerbr/ (416) 850-2150
email: a href="mailto:rmcfarlane@tonbridgepower.com"
cr="true"rmcfarlane@tonbridgepower.com/a /p p Brisco Capital
Partners Corp.br/ Graeme A. Dick, Partnerbr/ (403) 561-8989
email: a href="mailto:graeme@briscocapital.com"
cr="true"graeme@briscocapital.com/a /p p Please Visit the Company's
Website at: a href="http://www.tonbridgepower.com"
cr="true"www.tonbridgepower.com/a /p
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