Business News • MarketWire • WCSB Oil & Gas Royalty Income 2008-II Limited Partnership Announces Results of Special Meeting |
WCSB Oil & Gas Royalty Income 2008-II Limited Partnership Announces Results of Special Meeting |
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WCSB Oil & Gas Royalty Income 2008-II Limited Partnership Announces Results of Special Meeting
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 24, 2011) - 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").
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