WCSB 2008-II FUND ANNOUNCES RESULTS OF SPECIAL MEETING
October 24, 2011
VANCOUVER, BRITISH COLUMBIA: WCSB Holdings Corp. is pleased to announce the results of the special meeting of the limited partners of WCSB Oil & Gas Royalty Income 2008-II Limited Partnership (the “Partnership”) held on Thursday, October 20, 2011. The meeting was held to consider and, if thought appropriate, approve a transaction involving a restructuring of the Partnership and its assets and the sale, on a tax deferred basis, of its portfolio of oil and natural gas gross over-riding royalties to Caledonian Royalty Corporation (“CRC”) in exchange for royalty units of CRC, a private Alberta-based corporation (the “Transaction”).
The Transaction, and all necessary actions to give effect to the Transaction were approved by 100% of the units of the Partnership represented at the meeting.
About WCSB Royalty Investment Programs
WCSB Royalty Investment Programs are jointly owned and operated by CADO Bancorp Ltd. and Brickburn Asset Management Inc. CADO Bancorp Ltd. specializes in structuring, distributing and managing high quality tax-assisted investments. WCSB Royalty Income Investments are energy focused funds with a mandate to provide Canadian investors with income, capital appreciation, liquidity and up to a 100% tax deduction through the ownership of royalties on producing oil & natural gas companies.
Shane Doyle, CEO
WCSB Royalty Income Investment Programs
609 Granville Street, Suite 808 Vancouver BC V7Y 1G5
Tel: 604.684.5742 | Email: email@example.com