Plutonic Power Corporation (PCC - TSXV) is pleased to announce the
appointment of Mr. Grig Cook to the Board of Directors of the Company
Mr. Cook has over thirty years of experience in the Canadian engineering
and construction industry. He is currently the President and senior
operating officer of Commonwealth Construction Canada Ltd., one of
Canada's leading industrial contractors. Commonwealth, a subsidiary of
VECO Corporation of Anchorage, Alaska, offers a comprehensive range of
project development, management, and construction services to customers
across Canada and other major resource centers throughout the world. The
98-year old company has extensive experience in industrial projects
including power generation and its power clients include Manitoba Hydro
and Trans-Canada Power, among others. Prior to joining Commonwealth in
1984, Mr. Cook spent 11 years with Barnett-McQueen in operational
positions across Canada. Mr. Cook has a Bachelor of Science degree from
Queen's University in Kingston, Ontario.
Mr. Cook's extensive experience in all aspects of construction will
greatly enhance Plutonic's ability to move towards its successful
transition from renewable energy concepts through to the design and
build phase. Under the guidance of Mr. Cook, Plutonic will be able to
assemble a team of people to oversee and implement the planning and
build phase of its renewable energy projects.
In consideration of this appointment, 160,000 common share purchase
options, with an exercise price of $0.80 and a five year term, will be
issued to Mr. Cook.
Plutonic Power is an emerging energy producer in British Columbia. Its
proposed 19 projects have a design capacity of over 870 MW and the
potential to generate approximately 2900 GW.h per annum of green energy -
enough energy to meet the annual energy needs of approximately 300,000
homes. Included in the 19 projects is the creation of the Green Power
Corridor, a series of non-storage hydroelectric projects in southwestern
BC, which hold the potential to catapult British Columbia to the
forefront of green energy generation in North America. The completion of
the Green Power Corridor would be through one of the largest single
private sector green energy investments ever made in British Columbia
and would create over 2,400 person-years of employment.
Plutonic is committed to continuously work with First Nations,
stakeholder groups and local communities in the development of its run
of river projects.
On behalf of the Board of Directors
PLUTONIC POWER CORPORATION
Donald McInnes, President
For additional information please contact:
Office: 604-669-4999 ext 1034
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.