ICBS Limited (ICBT)

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Bayport deal canceled.

OTC Disclosure & News Service « Back to News Headlines
ICBS and Canwealth Minerals Corporation withdraw from joint venture with Bayport Corporation .
Dec 20, 2011
OTC Disclosure & News Service

Ile Perrot, QC, Canada -

Las Vegas, Montreal, December 20, 2011, Canwealth Minerals Corporation, ICBS Ltd., (OTCPK: ICBT), announced today that they have withdrawn from the joint venture with Bayport Corporation and Louis Porter.


ICBS has withdrawn from its Joint Venture with Bayport Corporation and Louis Porter due to negative information arising from due diligence performed by ICBS Ltd., that has led the Directors of ICBS Ltd., to cancel the venture.


ICBS and Canwealth Minerals Corporation will continue to seek new mining opportunities in the U.S.




SOURCE: Canwealth Minerals Corporation ,ICBS Limited.