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The strike price of the options being issued is $0.28 based on the 10 day closing average trading value on September 11, 2008. These options will vest fully by March 12, 2009 and will expire on September 10, 2013.
Tonbridge Power Inc. is a Toronto-based investor in power projects, whose principal asset is its 100% interest in Montana Alberta Tie Ltd. MATL is a project designed to interconnect the electricity markets of Alberta and the US through a 337 kilometre, 300 MW, 230kV AC transmission line between Lethbridge, Alberta and Great Falls, Montana.
Should you wish to receive news on Tonbridge Power Inc. via email, please email info@tonbridgepower.com and specify "company news".
SOURCE: Tonbridge Power Inc.
Tonbridge Power Inc. Johan van't Hof Chief Executive (416) 850-2150 Email: jvanthof@tonbridgecorp.com Tonbridge Power Inc. Robert van Beers Chief Operating Officer (416) 850-2150 Email: rvanbeers@tonbridgecorp.com Website: www.tonbridgepower.com Brisco Capital Partners Corp. Graeme A. Dick Investor Relations (403) 313-9663 Email: graeme@briscocapital.com
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