NEWS OUT ! This is one smart move.
ICBS acquires controlling interest of Canwealth Minerals Corporation.
Jun 13, 2011
OTC Disclosure & News Service
Ile Perrot, QC, Canada -
New York, Montreal, June 13, 2011– ICBS Ltd., (OTCPK: ICBT),) announced that it has acquired a controlling interest of 51% in Canwealth Minerals Corporation.
An agreement was reached with majority shareholder Kelly Taylor, ( President & CEO of Canwealth Minerals) in which ICBS acquired a total of 51% of the company's stock. Canwealth Minerals Corporation is a privately held company.
Canwealth Minerals Corporation is a gold and precious metal mining company which holds 90 claims in 28,967 acres in northern Quebec. The company's Management team is made up of professionals with extensive exploration and production experience. The company is committed to build Canwealth Minerals Corporation into a profitable resource by maximizing shareholder value through exploration of its high quality properties in Northern Quebec.
Canwealth Minerals Corporation significant number of drill ready targets including newly acquired sites.
The company’s current strategic direction is, to seek out properties/claims known to have high mineral value and REE, ( rare earth elements ) which will lead rapidly to the advanced exploration and development stages.
To accomplish this Canwealth Minerals Corporation's , experienced management team, through the use of the latest technology, will explore and drill its mining claims to expeditiously achieve resources, and take these to advanced project development .
"We are very please to have ICBS as a strong partner which will bring strong management experience and skills to the company", said Kelly Taylor, President & CEO of Canwealth Minerals Corporation.
ICBS is providing management and project funding.
SOURCE: ICBS Limited.
CONTACT: Garth McIntosh, President & CEO
www.icbs.ca
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
