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Tonbridge mum on MATL financing

Tonbridge Power Inc. has had its ups and downs trying to build a power line between Lethbridge and Great Falls. It has regulatory approval to finish the power line, but company officials said in June that Tonbridge stood about $25 million short in financing to finish the project.

Tonbridge Power Inc. has had its ups and downs trying to build a power line between Lethbridge and Great Falls.

It has regulatory approval to finish the power line, but company officials said in June that Tonbridge stood about $25 million short in financing to finish the project.

On Tuesday, Tonbridge officials said in a news release carried by Marketwire that it was suspending trading of its stock, which trades under the symbol TBZ on the Canadian exchange, pending a news announcement.

Officials were mum this week on whether the announcement relates to obtaining the final chunk of financing for the merchant power line, or if announcement is connected to some other aspect of the project.

The Montana Legislature earlier this year cleared the way for Tonbridge to seek condemnation of property in the path of the power line, which would serve wind farms and other power projects.

Tonbridge Power Inc. has had its ups and downs trying to build a power line between Lethbridge and Great Falls.

It has regulatory approval to finish the power line, but company officials said in June that Tonbridge stood about $25 million short in financing to finish the project.

On Tuesday, Tonbridge officials said in a news release carried by Marketwire that it was suspending trading of its stock, which trades under the symbol TBZ on the Canadian exchange, pending a news announcement.

Officials were mum this week on whether the announcement relates to obtaining the final chunk of financing for the merchant power line, or if announcement is connected to some other aspect of the project.

The Montana Legislature earlier this year cleared the way for Tonbridge to seek condemnation of property in the path of the power line, which would serve wind farms and other power projects.


Source: http://www.greatfallstribun...

AUG 12 2011
http://www.windaction.org/posts/31637-tonbridge-mum-on-matl-financing
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