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41J86NW9588 PRKNSON 14 B l PARKINSON 010 ••f--ID ipffeilllfiiife^p^l^t-^^t' -'' : -^V^;".^ '-"' ; : V'^-St'atutor'y' Prbspectus'':y:-: " " c ^ "-'"^''""''".- : ..:'. ; ' : -' s : ;;;V ̂ v *^-'.-'
S^^gyf^^^V . , : ..^:-. ::-': -" ' ' ::--.'' - ,^: •A ,- *r-ii.'fei'it ' *-'*y.f''?y:-':'- ' '-''-'i.?- i ' : '- - -- ••'v-i.'^;- -,. :-l^^^^^l^-^-t::^:-'--,:' -•v,^..; : .-i^. .. o}^?^%^'V•^,tl :^•:?••,••-••- -'j.:^.;; v.:li^V:-';^: ^'^';'l; -V^- ; ' 3:. " " '-.;' ^iT--4 :-^ "itv-T.-.-'::.-'-..'- ,." '•Vv'ji-.-'i; * : .-- - ' v -- - . - -- , --
PERE MARQUETTE PETROLEUMS LIMITED
Dated October 28, 1964
The following amendments relate to the Statutory
Prospectus dated October 28, 1964, and should be read in
conjunction therewith.
6. Paragraph 6 should now read as follows:
"The authorized capital of the Company is divided
into 5,000,000 shares without par value whereof
2,864,660 shares have been allotted and issued
as fully paid and non-assessable to date and
there remain in the Company's treasury 2,135,340
shares.".
9.(a) The second to last/sentence should now read
as follows:
"The books of the Company were thereupon adjusted
to reflect the issue of
170,160 shares for a total of S 469,280
400,000 shares @15({: a share 60,000
100,000 shares @20(j; a sha.re.~~,.,.. 20,000
June 15, 1959
June 15, 1959
NOT TO DC REMOVED FROM
THE OFFICE OF THE RECIDE.NT
GEOLOGIST, ONT. DEPT. Or MINES S SM ~ 6 *? Q
|g;.SAULT ST^. MARIE,
•41je6NW950a PRKNSON 14 B1 PARKINSON
|^^^^f^g'-;V^e?^-'^: S :-". : -,^A:v,,^•^f^t^-.'-i'V .• r'*,! . ' ' '' 'S'.'; t .-;..'.'-. -' J ".,;' : ' . -' !' ' - - - ' - --:/-'"
^/.^ ../;^:r;V...''- "i"'" '' -- A PROPERTY : ', : , ^ i ; ,.-V;v-,. -.V,:, . . :'; .': ' : :fv:;;' : /'' ; '' /' :v -''-:''" ; " OF ' ' -- - -.'. ' '; . ;'. ' V''' ' ''-; .
: PERE MARQUETTE PETROLEUMS (EASTERN) LIMITED
PARKINSON TOWNSHIP
SAULT STE. MARIE MINING DIVISION
PROVINCE OF ONTARIO
j?UMMARY
There is a good grade copper sulphide mineralized zona
on a property controlled by Pere Marquette Petroleums (Eastern)
Limited in Parkinson Township.
This zone occurs in a strong quartz filled shear in a basic
intrusive rock. The zone strikes east,- west and is mineralized
over widths of 6 to 14 feet and can be traced for 900' along strike
before disappearing under o \ erburden cover.
There are Lidicaw.ons cf a second east - v;es-c striking zone
200' north of the main zone also carrying copper sulphides.
These well rrrlnoraiized zones merit further exploration by
diamond drilling.
lllppKV'^iK'r i*"^ '- -'"-
^property Is by highway^ and;gravel road,from Iron 4r-
Highway and 'then by bush trail about l 1/2 miles
property. Access Is also possible by boat via the Mississagi
..River and the Little White River.. . . . . ;
INFORMATION
Information for this report is from geological report No.l? .
of the Ontario Department of Mines and Map No. 2032 Blind River
Elliott Lake Area and from a personal examination of the property
by the writer or. November lj.th and 5th, 1964.
TOPOGRAPHY
The topography i-"1- the immediate area of the property is
rough. The ground rises very steeply from the north side- of the
river in places producing cliffs 2^0 feot high. The north portion of
the area is more gently doping hills.
Outcrops occur on the sreep elopes with the remainder of
the area covered by 2 to 10 feet of overburden.
WORK
There is one partially filled pit on the property that was
dug about 1907.
The only other work is several trenches opened up by the
vendor of the property.
a SM, 6
p^^V"^"r'^^:n^:^ r"v.--; ; :- : -^ -''- " - "^^V ^GfebLoGy-l^M-: -\' ^ ;' ' ;'" ; ' " ' ' ;;; - : " :: ' 1 ":- J- - '. -:-. rt**.-'"- '
;.-v;-r^.-^?
n. The
is underlain by fit basement complex of granites, gneisses "and
; amphibolites,'; Ly'ng on these basement rocks are broad areas of
.Huronian sediments; quartzites, argillite*? and conglomerates. Mem
bers of both the Bruce and Cobalt group of sediments outcrop in
Parkinson Township.
Intruding the older formations are dykes and irregular sill
type bodies of quartz diabase and quartz gabbro. The outcrops
observed on the property xvere rocks of quartz diabase and quarts
gabbro composition. The more basic intrusives are in close proxi
mity to the mineralised zones. The main structural features of
the immediate area are the White River fault which parallels the
river course and the axis of the Chiblow anticline which strikes
northwest across the Township jusr north of the claim group.
R' 1MB R AIL 12 AT ION
Striking east - west across claim SSM 67444 and north of
the river is a major shear zone. This may be the extension of the
White River fault. This shear zone has been filled by two parallel
quartz veins that vary in width from 2 to 6 feet and are separated
by 2 or 3 feet of gabbro. Chalcopyrite, bornite and minor a-
mounts of pyrite have been introduced into this shear zone and
o
concentrations are "found in the 'quartz veins, in the
Jfvuv ; hdstween the veins and to a lesser extent in the:wall rocks outside ';
veins. In places In the quartz the sulphide mineralization Is
-j^. : very concencrated probably being 20 to 30? o f the vein but usually
\ -appears to be about 5 to 10# of the veins and about 3 to k.% of the
v ; - rock between the veins.
This main shear is vertical and can be traced -for 900 feet
along strike disappearing under overburden at the west end and run
ning down a 250' cliff face at the east end and then under the
overburden.
A recent trench located 200 feet north of the main .shear
zone uncovered another parallel quartz vein carrying chalcopyrite
mineralization. The length of t'.v.s vein is unknown because it is
covered by overburden.
CONCLUSION E: AND R UNDATION S
Tnic property in underlain oy oacic intrusive roci-cs. Tnere
is a quartz filled shear zone that carrier ^ood. grade copper sulphide
mineralization over widths oi7 6 to l-t feet. This '^one ce.n be traced
for 900 feet in length before disappearing under overburden. There
are Indications of a second east - west striking sone 200 feet north
of the main zone also carrying copper sulphides.
•f--.
n o
*?r ; ' ^
'**** I?, .-i i *-- K i#^-?i;.-" ; - -* •'"3#^f^*'j-'^; "-
llfetfm
3^*--^?vi- ; "k--
••- -' - ^N-X\-^ ' 7**'• :'^'^^l" • '''.'"•'* ^ S
"-, . - *.- : - .- -"-' -'- ' :' . --"- ' -- •••V', - ' i " .'••. -- w.^5t;zones'; and the "concentration of - ^'•" ':-V' ::: :, ; ' ; --v: "- ; - '','-^-v: V ?; '"-" '. ". ". ^ ; ' -{' '''.'-';^Sl
^r "stilphide mineralization are impressive. This property merits
^extensive/exploration program. This program should explore
S these known zones, both to depth and along strike.
-It is recommended that:
a diamond drilling program be completed to explore the
zones.
The cost of the diamond drilling would be 05.25 per foot.
2000' of drilitns VJoulc cost approximately $10 3 500.00
NOT TO BE REMOVED FROM
THE OFFiCE Or THE RECIOENT
GEOLOGIST, ONT. DEPT. O" MINED
SAULT STE. r/.ARIE, ONT.
Respectfully submitted,
SCOPE DIKING AND EXPLORATION CONSULTANTS L^MITBD
TORONTO, ONTARIO
JANUARY 25th, 1965.
T.M. Kerr*, B .Sc., s P,
r,- '-iu v̂•O
-si'-•ft-
CERTIFICATE
I, THOMAS MacDONALD KERR, of the Town of Oakvillc, in the County of Halton and Province of Ontario, hereby certify:
1. That I arn a Mining Engineer and reside Rosemary Lane, Gakvilie, Ontario.
1097
2. That I am a graduate of Queen's University witha B.Se. Honour degree and that I have been practising myprofession as a Mining Engineer for 23 years.
3- That I do not have nor do I expect to receive either directly or indirectly an interest in the properties or securities of Pere Karcuette Petroleum s (Eautcr:.) Limited.
k. That th- accompanying reoort ha:, been or-eoaredfrom information obtained from ;;overnrr. onr and c .her reports on the area as well as from the writer's personal examination of the property on November 4th and 5th, 1964.
5. That I am a m camber of the Association of Pro fessional Engineers of the Province of Ontario.
DATED this 25th day of JANUARY, 1955
S"7-7
T,M. Kerr, B.Se., P.En
'3JJJ**?. -;H^ ^;V;'Kv--v/,;. : ; i—^V ;; - ; A- PRC g^; ;a^fc-^f^5'V':v: -- ; *- ^-- -- :-fe-::-'*-"PROPERTY
vPERE MARQUETTE PETROLEUMS (EASTERN) LIMITED
;' ;; , PARKINSON TOWNSHIP -
SAULT STE. MARIE MINING DIVISION
PROVINCE OF ONTARIO
Pere Marquette Petroleums (Eastern) Limited has under
its control a property consisting of 9 contiguous, unpatented mining
claims in Parkinson Township, Sault Ste. Marie Mining Division.
The claims are held as follows:
Claim
SSM 67442 - 5 inclusive
SSM 71312 - o inclusive
TOTAL
No. of Claims
4
LC)CATION AND ACCESS
The property is located on the west side of Parkinson
Township in the Sault Ste. Marie Mining Division. It is 12 miles
northeast of the town of Thessalon on the Trans-Canada Highway.*w ™. ._
TO BE REMOVED F RO .M
THE OFFJCE Or THE R CCI3ENT
GEOLOGIST, O.NT. DEPT. OK .s :1
SAULT STE. MARirr, ONT. G 7o x
Is recommended- .that:
'•;;: ; ; V : .^ a diamond drilling program be compl rted to explore
the; major zones.
The cost of drilling including assaying and engineering
would be 05.25 per foot
2000' of drilling would cost approx. 010,500.00
m;*
**-;e^'v'?.v* 4 .-^y:-**;-*t ^"^••^^irj^'ll-va;
pf^;^Jjahua'fy;'15;Yl965-| v ' 400,000 shares: @10(j: a :share^:ix'YTamiarvY26.' 1 965'"^ 200.000 ' shaW*^ ©l 9K* A c.V-ta-r*
,-^..
^•; 200,000;shares : @121i^ a f^hare
' Y; : :x January .26, 1965 :Y 200,000 shares @15({; a share
^January 26, 1965 200.000 shares @ll^ a share
- . ' 1,670,160
.12. Add to paragraph 12 an additional sub-
40,000 ;
25,000 "
30,000
35,000 '
SI,549,280"
paragraph (i):
"(i) An option to acquire a 100^ interest in 9
unpatented mining claims recorded with the Mining
Recorder of the Sault Ste. Marie Mining Division,
Ontario and located in the Township oi7 Parkinson,
being numbers SSM 67442 to 67445 inclusive and
SSM 71312 to 71316 inclusive. The Company acquired
the said option by assignment dated February 9,
1965, from Chesapeake Limited, Cobalt Products
Limited and Regal Mining S. Development Limited, all
at Suite 1408, 7 King Street Has.., Toronto i, Ontario
who were the optionees under an option agreement
dated February 9, 1965, wherein Benjamin J . G ould,
1177 Bloor Street IVest, Toronto 4, Ontario, was
optionor. T:.e assignment was at cost, and t ne
optionees received no benefit therefrom. Regal
Mining 8, Development Limited and Great Valley
Exploration S, Mining Limited, both of Suite 1408, 7
•:*' '•"'v.'•r 5'.:•'^}\
S SM-670
't-) King Street East', Toronto l, Ontario, are the only
^'persons or companies having more than 5J& interest,
gg^'fm.;.:- , .in Cobalt Products Limited. Chesapeake'Limited is^?fS*v;-. j -- -••; - ," . - ' sa&i-.-v"-^' !'. '-"," - ' f - ' '' ' - '
;:.:- ;" the only person or company having more than.^interest in Great Valley Exploration 8, Mining
; Limited. The terms of the option provide for payment
of 530,000 in cash to the optionor (which has been
paid) and the expenditure on or before May l, 1965
cf 510,000 in exploration, development, diamond
drilling and/or other mining work on the said claims
including the doing of at least 1,000 feet of diamond
drilling. The option is exercisable only if the
shares of the Company are listed for trading on the
Canadian Stock Exchange, Montreal, on or before
September l, 196b and by the sarr.e clace a new company
is incorporated to acquire the said claims, which are
to be transferred to i; for a consideration of 900,000
vendors shares of such new c crr.pany cf which 400,000
shares are to be alio-, ted as fellows:
Eiwin Hicks, Thessalon, shares;
ntario, 50,000
James Grextcn, Bru-.e Mines, Ontario. bC,000 shares;
Bon Idziak, Searchmount, Ontario, 50,000 shares;
Benjamin shares
O * OBould, aforesaid 2^0,000
SSM-670
cy-:*gzw*^ftt^'i-ifie
^^SftSfeiS:j"V:V-\rri-J:-\^S-iiVi-J^ *i
M^?;: :-^;
•Irid the remaining ;500^CdO" share s are; .,tdVbe "allotted' - ^ J'tt'^^-^f:-^ ) 1 ;:'V7^v-- ̂ W^^fcyr-.W ;-^vS UU-:' *. ;'" 'J'.^
the Compa'ny. No-other person or company has 7 ;',
received or is to receive from .the" vendor a' greater '. :.-,.,:-. -. -r: ;?V •'••.•'•' - ; ' :' '/'-. ••- ;; . v-V- " - •-••.". ?' ! " ' ---- :-'.-;:- ! :--- :: '-r' ; :' :; ''"^ i: ^ - - : : - : 'v. : :' than'5/6 interest in the shares or other consideration
. .receivea by the vendor."
13. Add to paragraph 13 an additional sub-
paragraph (f):
"(f) With respect to the property described in
paragraph 12 (i) the means of access is by road.
No underground or surface exploration or develop
ment has taken place nor has any work been done or
improvements made by the present management. There
is no underground or surface plant or equipment.
The known history is particularly set OUT in -.he
attached report of Thomas MacDonald Kerr dated
January 25, 1965 which forms part of. thi s prospectus
and to which reference is hereby specifically made."
14. Add to paragraph 14 an additional paragraph
as follows:
"Ali of the 1,000,000 shares covered by the agree
ment dated October 21, 1964, aforesaid, have been
taken down and paid for. I n addition, 250,000 of
the 300,000 free vendors shares mentioned above have
been sold to the public. 3y agreement dated
c: - .l~: l-^-L-. l " v ' j
•S-y^l.'L-•.•-•f.'lltfi:-'- .-.•- ^.:-:---s?vr?'i-f
l^i-^/February'^10,. 1965,between the Company and J; ';L.
Vr Goad 8, Co., on behalf of its client, Regal Mining
Development Limited, Suite 1408, 7 King Street
East, Toronto l, Ontario, Goad has agreed to purchase
200,000 shares of .the unissued stock of the Company
at 20^: per share for a total consideration of
540,000 payable forthwith after acceptance for filing
of this Amendment Number l to this prospectus by the
Ontaiio Securities Commission, the date of such
filing being hereinafter called the 'effective
date'.
In consideration of the foregoing purchase the
Company has granted an option to Goad to purchase
ali or any part of 200,000 shares at 25^; per share,
for a total consideration of 5oO,000 within 3 months
of the effective date, all ci any part of 200,000
shares at 30(^ per share, for a total consideration
of 560,000 within 6 months of the effective date,
all or any part of 200,000 shares it 55c per share,
for a total consideration of 570,000 within S
months of the effective date and ail or any part
of 200,000 shares at 40d per share, for a total
consideration of 580,000 within 12 months of the
effective date. James 3. Goad and Rothsay Mines
h^ of Suite; 1408,?; King Street East,-//f
Toronto i,' Ontario,' are the only persons or ;-\
companies having more than 5^ interest in Regal.
The Company understands that so long as
primary distribution continues an amended
prospectus is required to be filed within 20 days,
of default in making any of the foregoing option
payments. There are no sub-options or sub-
underwriting agreements outstanding or proposed
to be given.
It is proposed to sell the shares covered by
the agreement dated February 10, 1965, afoiesaid
along with the remaining 50,000 of ihe 300,000
free vendors shares mentioned above, to the public
; hrough the medium cf registered security dealers
paying such dealers the existing brokerage
tariff as authorized by the Toronto Stock Exchange
for mining shares. The remaining 50,000 free
vendors shares referred to above are owned in equal
shares by Chesaoeake Limited and Regal Mining 2*
Develooment Limited."
S SM-670
m48^*M^^X^:*K:!x-Xf*!^-'.: .f,' -H' :;i.A.i~v7^^W^^^^:̂ ^^'K:;:^' "'l V V - ?'. - V:^i^^^^^^^:^-".^^--^ 7 -ig^^m^m^^n'^^..^-, ,,,-,^ . -,. . -llifp ' ,--.: i:
"2:^;"--'. Delete-paragraph 15 and substitute the ' ^If-.;- following! ;' ; v.'v ""; ";-'- - '••••^- - . -.; .. . -'" - : '- -- ' •-.'--
: /"The proceeds from the sale of the shares offered
, by this prospectus will be used to finance the
con'inuation of remedial work on the Company's oil
and gas wells in Alberta.
The Company has authorized all of the remedial
work to be done on the Company's oil and gas wells
in Alberta as recommended in the report of Walter
Salarnandick referred to in paragraph 13 of this
prospectus. The Company has engaged Canadian Well
Services Ltd., 6206 - 97 Street, Edmonton, Alberta
to carry out such remedial work and the Company has
been informed that such work is being done as
weather permits.
In addition the Company has used part of the
proceeds from the sale of such shares to complete
the remedial work on one gas well as recommended in
the report of H. J. O'shea referred to in paragraph
13 of this prospectus. The results to date on the
one well have not been successful and the Company has
decided that no further wo.rk of this type is justified
at the present time.
The Company also proposes to expend the proceeds
from the current sale of shares pursuant to the
p^s^sp^ vV^;j agreement /dated February lO, 1965,- ; mentioned^; - ; :"; ; -: ;- v...'-^-^-^^^KH&^P/v^ ':-:~t-Y -* '•••'••'' - ' ". :''-' : - ' •-•'.: : -. ' ". ~;-'- '•••' ' "; '. ' '.''-'' .- ' - ":".''-'- ' i.1V:'.v'-. - ;; :. - ~. "••- ; . . .''•'••. ''' '.: ' ;-: :-:'y~;.'- '" -
/;x'^V;in paragraph 14 of this prospectus to carry --. : . ; "
•;. i- -out the diamond drilling programme recommended , '",. ;' :
.in the report of Thomas MacDonald Kerr referred
to in paragraph 13 (f) of this prospectus.
jjj^j',''-(- : : Any increased income resulting from the
|!;V: ,;.' - ; " remedial work on the Company 1 , oil and gas wells,
^••'•:-. together with any funds raised from the current
i'i 1 - sale of shares over and above those required to
l". c arry out the work referred to above will bc
applied in continuing v.he Company's present
programme of acquiring mining properties considered
by the Company to have attractive location or
development potential."
21. Paragraph 21 will now read as follows:
"The remaining 50,CCD free vendors shares
mentioned in paragraph 14 hereof, together with
a balance of 30,000 shares purchased for cash
(being the residue of 500,000 shares underwritten
in 1959 as mentioned in paragraph 9 (a) hereof)
or an aggregate of 80,000 shares now owned as
follows:
Owner Number of Shares
James B. Goad
Rothsay Mines LimitedO S^'U-, s
20,000
10,000
;?-.'- - Regal Mining 8, Develop- . C:'-^:. ;- ; :-; : . ment Limited * .. ;. .25,000 ;..'J-- :' 1 . ^-' : . ' ' - 1 - v '.•'•' •"•' ; . : 80,000 ; '
may be offered for sale by the owners thereof but
the proceeds will not accrue to the treasury of
the Company."
22. There are no other material facts.
DATED February 10, 1965.
The foregoir.g, logether with the Statutory
Prospectus dated October 28, 1964, constitutes full, \rue and
plain disclosure of ail material facts in respect of the
offering of securities referred to above as required by
Section 33 of The Securities Act 'Ontario) and there is no
further material information applicable other than in the
financial statements or reports \vhere required.
DIRECTORS AXD OFFICERS:
(Sgd.) Robert RosenbJat
(Sgd.) w. R. DeGeer
PROMOTCR:
(Sgd.) M. C. R. layio]
(Sgd.) R. S. Matheson
(Sgd.) D. McNeill
REGAL MINING AND DEVELOPMENTLIMITED
per, (Sgd.) V'/ayne H. W. President
(Corpor :te(Sgd.) W. R. DeGeer Seal) Secretary
- 10 -
;: To the best of its knowledge, inforrr.ation and " : , -
belief the foregoing, together with ; he Statutory Prospectus: -'
dated October 28, 1964, constitutes full, true and plain
disclosure cf all material facts in respect of the offering
of securities referred to above as required by Section 38
of The Securities Ac^ (Ontario) and there is no further-
material information applicable other than in the financial
statements or reports where required. In respect of
matters which are not within its knowledge the undersigned
has relied upon the accuracy and adac; ,./ cf the foregoing.
UNDERWP.ITER/OV i'I ONE H :
