NEW YORK and
MONTREAL, April 10, 2012 /PRNewswire/ - Canwealth Minerals
Corporation and majority shareholder, ICBS Ltd., (OTCPK: ICBT),
announced today that it plans to meet with the companies auditors
and lawyers to look into the possibility of taking Canwealth
public.
Canwealth Minerals Corporation will be meeting
in Montreal with representatives
from ICBS Limited its major corporate shareholder to discuss the
possibility of taking Canwealth public in the near future.
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 camps in South Western Quebec for a total of 38,573
acres under management and is 100% owned by Canwealth Minerals
Corp. Canwealth will require development funding for equipment and
labour which could top three million
dollars over the next two years.
The company and its shareholders will look into
several possibilities including a reverse merger with an existing
listed company.
Core drilling to determine the extent of the
precious mineral deposits is expected to commence in the early
spring, with results expected by the summer.
ICBS Limited is a 51% shareholder in Canwealth
Minerals Corp.
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 Canwealth Minerals Corporation