NEW YORK and MONTREAL, Feb. 22 /CNW Telbec/ - ICBS Ltd., (OTCPK: ICBT), announced that it has signed a letter of intent to acquire a 49% stake
in the Canwealth Minerals Corporation.
Canwealth Minerals Corporation is a gold and precious metal mining
company which holds claims in 585 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 to be acquired sites.
The company's current strategic direction is, to seek out
properties/claims known to have high value gold targets 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 .
Surface samples taken in 2010 show a solid gold content. Core drilling
will commence this spring.
"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 will be providing management and project funding.
Legal Notice Regarding Forward-Looking Statements:
Safe Harbour: 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 Harbour created by those sections. 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 ICBS Limited, to be materially different
from the statements made herein.
SOURCE Inter Canadian Business Service
For further information:
|SOURCE: ||Canwealth Minerals Corporation, CBS Limited.|
|CONTACT: ||Kelly Taylor, President & CEO|
|TELEPHONE : ||(514) 425-4254|