Canwealth Quebec became a wholly-owned subsidiary
Post# of 2102
Posted On: 11/22/2014 10:59:55 PM
Canwealth Quebec became a wholly-owned subsidiary of Canwealth Minerals Corporation
leverage102 Saturday, 11/22/14 10:53:41 PM
Re: brightguy post# 51630
Post # of 51631
WHAT PART ARENT YOU UNDERSTANDING ?? CANWEALTH QUEBEC IS A "SUBSIDIDIARY" OF CANWEALTH!! PLAIN AND CLEAR IS DAY SIMPLE!!
RIGHT THERE IN BLACK AND WHITE IN THE SEC 10 Q OFFICIAL DOCUMENT!!!!
* WHY Would you say Canwealth Quebec was Terminated ?
When Its CLEARLY A WHOLLY OWNED SUBSIDIARY OF CANWEALTH MINERALS !!
SO for The RECORD!! CANWEALTH QUEBEC IS ELIGIBLE FOR BDC FUNDING!! OR AND CANDIAN PROGRAM!! GARTH KNOWS WHAT HES DOING!! ITS A SMART IDEA TO ACCUMULATE NOW WHILE THE PPS IS CHEAP AS IT WILL EVER BE!! PLAIN & SIMPLE!!
Canwealth Quebec became a wholly-owned subsidiary of Canwealth Minerals Corporation
On August 10, 2012, USG1, Inc., the Company’s predecessor, entered into an Agreement and Plan of Merger with Canwealth Delaware and Kimi Royer as representative of the USG1 stockholders, pursuant to which Canwealth Delaware would merge with and into USG1. The closing of the merger as contemplated by the Agreement and Plan of Merger occurred on February 11, 2013. At the closing, the existing shares of Canwealth Delaware common stock converted into 44,169,231 shares of USG1 common stock, representing 87% of the issued and outstanding shares of USG1 common stock immediately following the effective date and the existing USG1 stockholders continued to hold 6,600,000 shares of USG1 common stock, representing 13% of the issued and outstanding shares of USG1 common stock immediately following the effective date and effectively obtaining operational and management control of USG1.
Contemporaneously with the merger, the corporate name “USG1, Inc.” was changed to “Canwealth Minerals Corporation”. As a result of the merger, Canwealth Quebec became a wholly-owned subsidiary of Canwealth Minerals Corporation (Delaware) and, accordingly, USG1 succeeded to the mining business and operations of the Canwealth entities.
leverage102 Saturday, 11/22/14 10:53:41 PM
Re: brightguy post# 51630
Post # of 51631
WHAT PART ARENT YOU UNDERSTANDING ?? CANWEALTH QUEBEC IS A "SUBSIDIDIARY" OF CANWEALTH!! PLAIN AND CLEAR IS DAY SIMPLE!!
RIGHT THERE IN BLACK AND WHITE IN THE SEC 10 Q OFFICIAL DOCUMENT!!!!
* WHY Would you say Canwealth Quebec was Terminated ?
When Its CLEARLY A WHOLLY OWNED SUBSIDIARY OF CANWEALTH MINERALS !!
SO for The RECORD!! CANWEALTH QUEBEC IS ELIGIBLE FOR BDC FUNDING!! OR AND CANDIAN PROGRAM!! GARTH KNOWS WHAT HES DOING!! ITS A SMART IDEA TO ACCUMULATE NOW WHILE THE PPS IS CHEAP AS IT WILL EVER BE!! PLAIN & SIMPLE!!
Canwealth Quebec became a wholly-owned subsidiary of Canwealth Minerals Corporation
On August 10, 2012, USG1, Inc., the Company’s predecessor, entered into an Agreement and Plan of Merger with Canwealth Delaware and Kimi Royer as representative of the USG1 stockholders, pursuant to which Canwealth Delaware would merge with and into USG1. The closing of the merger as contemplated by the Agreement and Plan of Merger occurred on February 11, 2013. At the closing, the existing shares of Canwealth Delaware common stock converted into 44,169,231 shares of USG1 common stock, representing 87% of the issued and outstanding shares of USG1 common stock immediately following the effective date and the existing USG1 stockholders continued to hold 6,600,000 shares of USG1 common stock, representing 13% of the issued and outstanding shares of USG1 common stock immediately following the effective date and effectively obtaining operational and management control of USG1.
Contemporaneously with the merger, the corporate name “USG1, Inc.” was changed to “Canwealth Minerals Corporation”. As a result of the merger, Canwealth Quebec became a wholly-owned subsidiary of Canwealth Minerals Corporation (Delaware) and, accordingly, USG1 succeeded to the mining business and operations of the Canwealth entities.
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