49 North 2008-II Resource Fund Inc.

December 24, 2008 15:11 ET

49 North 2008 II Flow-Through Limited Partnership Issues Early Warning Report Regarding Westcore Energy Ltd.

SASKATOON, SASKATCHEWAN--(Marketwire - Dec. 24, 2008) - 49 North 2008 II Flow-Through Limited Partnership ("49 North 2008- II") announces that it has purchased, pursuant to a private placement, 1.5 million flow-through shares of Westcore Energy Ltd. ("Westcore") at a price of Cdn $0.40 per share for an aggregate cost of $600,000.00 (the "Acquisition"), representing approximately 13.6% of the common shares then outstanding.

Prior to closing the Acquisition, Mr. Tom MacNeill, president and director of the general partner of 49 North 2008 - II, held 1.4 million common shares in Westcore. As of December 23, 2008, Mr. MacNeill held, or exercised control or direction over an aggregate of 2.9 millions common shares, representing approximately 26.4% of the outstanding shares in Westcore.

The shares were acquired by 49 North 2008 - II for investment purposes. 49 North 2008 - II may, from time to time, acquire additional securities of Westcore, dispose of some or all of the existing or additional securities it holds or will hold, or make continue to hold its current position.

Contact Information

  • 49 North Resource Fund Inc.
    Andrea Davidson
    Investor Relations
    (306) 653-2692
    Email: ir@fnr.ca