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