January 14, 2013 -ICBS Ltd., majority shareholder of Canwealth Minerals, removes Kelly Taylor as President of Canwealth Minerals
For release to Journalist and the Financial and Business sector
ICBS Ltd., majority shareholder of Canwealth Minerals Corp., removes Kelly Taylor as President of Canwealth Minerals Corporation.
New York, Montreal, January 14, 2013 –Majority shareholder, ICBS Ltd., (OTCPK: ICBT), announced today that Kelly Taylor has been removed as President and shareholder of Canwealth Minerals Corp., for violation of the Directors Covenant Not to Compete. The action was taken by the majority shareholders when the violation was discovered . A shareholders meeting was held on November 24, 2012, at the offices of the accountants for the company and Mr. Taylor was removed as an officer and shareholder.
Garth McIntosh, CEO of ICBS: “we continue to move forward in the process of getting Canwealth publicly traded. Canwealth has an enormous future, and we are excited about the progress being made on a daily basis. We expect the Super 8-K to be filed shortly with the SEC which will make Canwealth Minerals a fully reporting company on the OTCBB.
Mr. McIntosh has been elected as interim President until an election will be called within the next 60 days. The company has retained the necessary expertise to continue its growth in the mining industry.
About Canwealth Minerals Canada:
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. ICBS Limited is a 81% shareholder in Canwealth Minerals Corp.
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. 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.