Connor, Clark & Lunn Capital Markets Inc. announced today that CC&K 2008 Flow-Through Limited Partnership has completed the second and final closing of its initial public offering of limited partnership units.

The partnership issued an additional 114,182 limited partnership units at $25 each for gross proceeds of $2,854,550. Including the first closing, the total gross proceeds raised by the partnership is $14,403,925.

The partnership provides limited partners with a tax-assisted investment in a diversified portfolio of flow-through shares of resource issuers with a view to achieving capital appreciation for limited partners. The original investment amount made by limited partners is intended to be 100% tax deductible in 2008.

CC&L Investment Management Ltd. as the investment advisor provides investment advisory and portfolio management services to the partnership. It has over $23 billion of assets under its management as of Dec. 31, 2007, of which approximately $4.4 billion was invested in energy and materials sector investments.

The units were offered for sale by a syndicate of agents led by CIBC World Markets Inc., BMO Nesbitt Burns Inc., and RBC Dominion Securities Inc. and includes Richardson Partners Financial Limited, Scotia Capital Inc., National Bank Financial Inc., TD Securities Inc., Canaccord Capital Corp., Dundee Securities Corporation, GMP Securities L.P., Raymond James Ltd., Wellington West Capital Inc., HSBC Securities (Canada) Inc. and Berkshire Securities Inc.

http://www.newswire.ca/en/releases/archive/April2008/01/c9373.html