ICBS and Canwealth Minerals Corp., complete USG1 Inc. merger.
February 19 2013 - 11:17AM
OTC Markets
ICBS and Canwealth Minerals Corp., complete USG1 Inc. merger.
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ICBS and Canwealth Minerals Corp., complete USG1 Inc. merger.
PR Newswire
FREDERICKTOWN, MO and MONTREAL, Canada, Feb.
19, 2013
FREDERICKTOWN, MO and MONTREAL, Canada, Feb.
19, 2013 /PRNewswire/ -
ICBS announced today that it has completed the merger of its
subsidiary
Canwealth Minerals Corporation into the public shell formerly
named
USG1, Inc. and Canwealth Minerals is now a fully reporting
company
under the Securities Exchange Act of 1934. Details on the
merger and
on Canwealth Minerals can be found in the Form 8-K filed by
Canwealth
Minerals with the Securities and Exchange Commission.
Garth McIntosh, the CEO of ICBS and
Canwealth Minerals, said, "We are
pleased that Canwealth Minerals is now a reporting US company. We
look
forward to the future trading of the stock of Canwealth Minerals
once a
public market is established."
ICBS Ltd. currently owns 87.5% of Canwealth Minerals Canada. Once
the
merger is completed, ICBS will own 60.90% of the newly formed
company.
Garth McIntosh, CEO of ICBS:
"Canwealth has an enormous future, and we
are excited about the company's future in the mining
industry."
About Canwealth Minerals:
Canwealth Minerals Corporation - is a mineral exploration and
mining
company actively searching for gold, silver, PGE, base metal and
REE
mineral deposits in Quebec. At the
present time the company holds 9
Mining properties (268 Claim cells) in Northern Quebec's Abitibi region
and the James Bay basin including
addition exploration of South Western
Quebec for a total of 38,573 acres under management.
Legal Notice Regarding Forward-Looking Statements:
Safe Harbor: This press release contains forward-looking
information
within the meaning of section 27A of the Securities Act of 1933
and
section 21E of the Securities Exchange Act of 1934 and is subject
to
the Safe Harbor created by those sections. Information concerning
the
merger of Canwealth Minerals Corporation and USG1, Inc. can be
found in
the Form 8-K filed with the Securities and Exchange Commission.
This
material contains statements about expected future events
and/or
financial results that are forward-looking in nature and subject
to
risks and uncertainties. Such forward-looking statements by
definition
involve risks, uncertainties and other factors, which may cause
the
actual results, performance or achievements of Canwealth
Minerals
Corporation to be materially different from the statements made
herein.
SOURCE Inter Canadian Business Service
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