ICBS and Canwealth Minerals Corporation Withdraw from Joint Venture with Bayport Corporation

^{Published on 2011-12-20 03:41:40 - Market Wire}
 

ICBS and Canwealth Minerals Corporation Withdraw from Joint Venture with... -- LAS VEGAS and MONTREAL, Dec. 20, 2011 /PRNewswire/ --

LAS VEGAS and MONTREAL, Dec. 20, 2011 /PRNewswire/ -- Canwealth Minerals Corporation,  ICBS Ltd., (OTCPK: ICBT),  announced today that they have withdrawn from the joint venture with Bayport Corporation and Louis Porter.

ICBS has withdrawn from its Joint Venture with Bayport Corporation and Louis Porter due to negative information arising from due diligence performed by ICBS Ltd., that has led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

[ www.icbs.ca ] Email: [ info@icbs.ca ] Tel: 514-932-4402

[ www.canwealthminerals.com ]

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 ICBS Ltd.

RELATED LINKS
[ http://www.icbs.ca ]