WCSB Oil & Gas Royalty Income 2010 Limited Partnership and WCSB Oil & Gas Royalty Income 2010-II Limited Partnership (the “Partnerships”) are pleased to announce that the shares of Toscana Energy Income Corporation (a publicly traded company on the TSX Venture Exchange, trading symbol TEI) received in exchange for the Partnership’s portfolios of oil and gas royalties (the “Royalties”) as previously announced on April 3, 2013 will be transferred to limited Partners, on a tax-deferred basis on or about September 10, 2013 to limited partners of record on September 4, 2013. Shortly thereafter the Partnerships will be dissolved.
About Toscana Energy Income Corporation
Toscana Energy Income Corporation is a conventional oil and gas producer with a mandate to acquire high quality, long life oil and gas assets including royalties, non-operated working interests and unitized production for yield and capital appreciation. Toscana Energy Income Corporation is managed by Sprott Toscana through Toscana Energy Corporation. Sprott Toscana is a member of the Sprott Group of Companies.
WCSB’s investment programs are energy focused income funds with a mandate to provide Canadian investors with income, capital appreciation, liquidity and a 100% tax deductible investment through direct participation by way of royalty interests in both oil and natural gas production. WCSB’s unique business model eliminates exposure to capital market volatility associated with publicly traded energy issuers.
Processing at the dealer level can be delayed after the transfer occurs, therefore transactions may not be processed until the Toscana shares have been credited to client accounts.
Neither the Partnership, the Promoter nor the General Partner will accept any liability for transactions executed prior to dealer records being updated.
Additional information regarding this transfer of shares has been mailed directly to investors and will also be available on our website at www.wcsb.ca.
On behalf of the Board of WCSB Royalty Income Investments, CADO Bancorp Ltd. and Brickburn Asset Management Inc.
609 Granville Street, Suite 808 Vancouver BC V7Y 1G5
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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