FREDERICKTOWN, MO and MONTREAL, Dec. 19, 2013 /CNW Telbec/ - Canwealth Minerals Corp. and majority stockholder ICBS Ltd., (OTCPK: ICBT), announced today that Canwealth Minerals Corp., has been declared effective with its filing of the companies S-1 Registration. Formerly named USG1, Inc. ,Canwealth Minerals is now a fully reporting company under the Securities Exchange Act of 1934. Details on of the filings can be found at The Securities and Exchange Commission. The company is in the process of filing notice with FINRA and is now awaiting its trading symbol. Canwealth Minerals Corporation will trade on the OTCBB.
Garth McIntosh, President of Canwealth Minerals, said, "We are pleased that Canwealth Minerals is now a fully reporting US company. Canwealth has an enormous future, and we are excited about the company's future in the mining industry."
ICBS Ltd. Is a majority shareholder and owns 60.90% of the company's outstanding shares.
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 7 Mining properties (185 Claim cells) in Northern Quebec's Abitibi region and the James Bay basin including addition exploration camps in South Western Quebec for a total of 24,517 acres under management and is 100% owned by Canwealth Minerals Corp. The company's management team is made up of professionals with extensive exploration and production experience.
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: Canwealth Minerals Corporation
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