Plutonic Power Energizes Executive Team Through Addition of Senior Vice President, Legal Affairs and Corporate Secretary
VANCOUVER, BRITISH COLUMBIA–(Feb. 11, 2008) – Plutonic Power Corporation (TSX:PCC) is pleased to announce that Rupert A. Legge has been appointed as Senior Vice President, Legal Affairs and Corporate Secretary. Mr. Legge is joining Plutonic after more than 20 years practicing securities and corporate finance law with a major Vancouver law firm. While in practice, Rupert advised numerous public companies at all stages of development on a wide variety of matters, including regulatory compliance and corporate governance, and is looking forward to adding his experience and providing strategic guidance to Plutonic’s management team.”The addition of Mr. Legge to our team further solidifies our commitment to recruiting the highest caliber people to ensure our vision of the Green Power Corridor becomes a reality,” said Donald McInnes, Vice-Chairman and CEO of Plutonic. “Mr. Legge’s experience will ensure our corporate governance is aligned with current standards and that we have the in-house legal capacity to support our finance and growth plans.”
Mr. Legge holds a Bachelor of Business Administration degree from the University of Oregon and a Bachelor of Law degree from the University of British Columbia.
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About Plutonic Power Corporation
Plutonic Power’s vision is to provide leadership and create a legacy through the development of renewable, reliable, made-in-BC clean energy. Its proposed 34 development projects, including the flagship $660 million, 196 MW East Toba River/Montrose Creek run-of-river project currently under construction, have the potential to generate enough energy to meet the annual needs of about 550,000 homes and create approximately 5,000 person years of employment. Once built, the Green Power Corridor could offset an estimated 3.5 million tons of CO2 emissions every year – the equivalent to taking as many as 600,000 vehicles off the road. Plutonic is committed to working in partnership with First Nations, stakeholder groups and local communities in the development of all its run-of-river projects. By developing its suite of projects, Plutonic Power will help British Columbia realize its goal of becoming electricity self-sufficient by 2016, meet demand utilizing 90% clean domestic generation sources and play a significant role in the fight against climate change.
Caution Regarding Forward-Looking Statements – This news release contains certain forward-looking statements, including statements regarding the business and anticipated financial performance of the Company. These statements are subject to a number of risks and uncertainties. Actual results may differ materially from results contemplated by the forward-looking statements. When relying on forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and should not place undue reliance on such forward-looking statements. The Company does not undertake to update any forward looking statements, oral or written, made by itself or on its behalf.
The TSX Exchange does not accept responsibility for the adequacy or accuracy of this release.
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