WCSB Oil & Gas Royalty Income 2008-II Limited Partnership

WCSB Oil & Gas Royalty Income 2008-II Limited Partnership

March 13, 2009 14:48 ET

WCSB Oil & Gas Royalty Income 2008-II Limited Partnership Offering Closed, March 13, 2009-$7,534,200 Raised

CALGARY, ALBERTA--(Marketwire - March 13, 2009) - WCSB Oil & Gas Royalty Income 2008-II Limited Partnership ("the Partnership") is pleased to announce that it has completed the final closing of its public offering of Limited Partnership Units on March 13th, 2009. The Partnership issued in total, 75,342 Units for gross proceeds of $7,534,200.

Partnership Objectives.

The Partnership has been established to provide individual investors with a means of achieving income, potential capital appreciation, potential liquidity, and tax deductions through ownership in royalties on the production of oil & natural gas, while avoiding exposure to capital market volatility associated with securities of public energy issuers.

The Partnership's unique structure provides for 100% tax deductibility through investment in Subsidiary Companies formed specifically to enter into and finance joint ventures with established oil and gas companies. The terms of the joint ventures will entitle the Subsidiary Companies to Gross Over-Riding Royalties ("GORR's") on oil and gas production.

The Syndicate.

The Syndicate of Agents for the offering was led by Canaccord Adams and Dundee Securities Corp. and includes HSBC Securities (Canada) Inc., Blackmont Capital Inc., Raymond James Ltd., Manulife Securities Incorporated, M Partners Inc., Research Capital Corporation, Wellington West Capital Markets Inc., Acumen Capital, Industrial Alliance Securities Inc., Integral Wealth Securities Limited, Laurentian Bank Securities Inc., PI Financial Corp. and Rothenberg Capital Management.

Offering Jurisdictions.

British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, New Brunswick, Nova Scotia, Newfoundland and Labrador and Prince Edward Island.

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.

Brickburn Asset Management Inc., since its formation in 1997, has been creating investor wealth through a unique and extensive blend of expertise in the Canadian energy sector. Over the years, Brickburn has expanded its offerings to include a family of public mutual funds, private equity and flow-though limited partnerships. For private clients, including individuals, families and trusts, Brickburn custom tailors and manages globally diversified segregated portfolios.

WCSB Investment Programs are Exclusively Distributed By CADO Bancorp Ltd.

This press release shall not constitute an offer to sell or the solicitation of any offer to buy the securities.

This release is provided for information purposes only.

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