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Prospectus of Arcadia Nickel Corp

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Prospectus of Arcadia Nickel Corp •*!l86NWee6S DEN l SON 13 DENISON 010 ARCADIA NICKEL CORPDHATION LIMITED (No Ptnoml IJibility) This Prospectus has been filed pursuant to the previsions of Part VII of The Securities Act, (Ontario) and under no circumstances is it to be construed as an offering by Arcadia Nickel Corporation Limited (No Perional Liability) for the silt of the Company©s shares or a solicitation by the taid Company for an offer to buy any of its shares. 1. The full name of the Company is Arcadia Nickel Corporation Limited (No Personal Liability), herein after, /or convenience, referred to as "the Company". The Head Office of the Company is at the City of Sherbrooke, Quebec. The Company maintains an Executive Office at Suite 405, New Wellington Building, 1)7 Wellington Street West, Toronto, Ontario. 2. The Company was incorporated under the provisions of The Quebec Mining Companies© Act by Letters Patent dated the 2)rd day of February, 19J). 3. The following ire the particulars as regards the officers, directors and promoter! of the Company: (a) OFFICERS AND DIRECTORS PRESIDENT AND MANAGING DIRECTOR........... .... ........ALLEN ELIAS ROSEN, Mine Operator, "Arcadia", Mississauga Road, Port Credit, Ontario. VICE-PRESIDENT AND DIRECTOR .. ......... ...ANDREW ROBERTSON, Mining Engineer, 6O Highland Avenue, Toronto Ontario. VICE-PRESIDENT AND DIRECTOR .. ... ... .ROY HERBERT THOMSON, Publisher, Mississauga House, Miisissauga Road, Port Credit, Ontario. SECRETARY-TREASURER AND DIRECTOR........ ........ ..JAMES MURRAY ANDERSON, Corporation Secretary, 150 Dawlish Avenue, Toronto Ontario. DIRECTOR .. .. .....VAN IIOOSE SMITH, Metallurgical Engineer, 90 StrathalUn Blvd., Toronto, Ontario. DIRECTOR . .... ........................GEORGES SYLVESTRE, LL.D., Notary Public, 122 Murray Street, Sherbrooke, Quebec. DIRECTOR .. .LOUIS PANCER, Mining Engineer, 154 Gorevale Avenue, Toronto Ontario. ASSISTANT SECRETARY-TREASURER . WILLIAM LANGILL HOGARTH JR., Secretary, 120 Dundas Street East, Cooksville, Ontario. (b) The Promoter is the aforeuid Allen Elias Rosen. 4. The Company©s Auditors are. Thorne, Mulholland, Howson fc McPherson, Chartered Accountants, 111 Richmond Street West, Toronto, Ontario. 5. The Guaranty Trust Company of Canada, 70 Richmond Street West, Toronto Ontario, and 610 St. James Street West, Montreal, Quebec, is the Transfer Agent and Registrar of the Company©s capital stock. 6. The authorized capital of the Company is )5,000,000.00 divided into 5,000,000 shares of the par value of Jl.OO each, all of one class, whereof, at the date of this Prospectus 2,500,007 shares have been alloted and upon the issue thereof will be outstanding as fully paid and non-assessable, 7. There are no bonds cr debentures outstanding or proposed to be issued. 8. Certificates representing 810,000 shares of the Company©s capital stock are presently escrowed with the Guaranty Trust Company of Canada, 70 Richmond Street West, Toronto, Ontario, subject to release-pro rata to the parties entitled thereto O©-.Iy on the written consents of the Ontario Securitir* OoTirwsion and a majority of the Directors of the Company, and subject also to transfer, hypothecation, assignment or other-alienation only on the content in writing of the Ontario Securities Commission. r 9. The following are the particulars of the share* told for cash: 7 shares at $1.00 per share^,..,.........*................,........................................ S 7.00 200,000 shares at lOc per shart...........,.......:.......... ,................... ............... 20,000.00 200,000 shares at 15c perjnare....................................................................... 3.0,000.00 200,000 shares at 25c jyfshare .... .. .. .v , .................................... .......... x©50,000.00 200,000 shares at 35cXper share.............../..©.:.-..............-................. ...........^ 7 0,000.00 200,000 shares at oc per share ............ ........................................X.... 80,000.00 200,000 shares at per share..... .. ...... ................................y;©.!........ 100,000.00 200,000 shares at 75c per share.....................................................VT............. 150,000.00 200,000 shares/t Jl.00 per share..©........... ... ..yT ............... 200,000.00 1,600,007 1700,007.00 The last mentioned 1,600,000 shares are to be issued upon receipt of payment as tet out in item 14. No commission was paid or is payable on the sale of the foregoing shares. 10. There have been no securities other than the foregXng shares sold for cash to date. 11. Wo shares were issued or are to be issued or cun paid or is to be paid by the Company to any person for promotiona/or other services except for the consideration paid to the Vendors by the said Company for the minin, propertiea©set forth hereunder. 12. (i) Particulars relating to the acquisition of property of the Company are as follows: A. BELLECHASSE GROUP: The Company holds under the minin aws of the Province of Quebec, a group of unpatented mining claims in ellechasse Township, in the County of Bel lasse, in the Province of Quebec, comprising about l^OO^icres as follows: Those certain unpatented minin.-laims - comprising. ....r ......n the.... southerly. ~ - , ........halves of- .Lots..... 2 to.. ..11 inclusive,, Range. ..0 . I and all of Lots 2 to 11 inclusive, Range IL/in tht said Township of Bellechasse, duly recorded in thp©Office of the Mining Recorder for the Province of Quebe/; known as the south half of Claim Numbers Q.67024-J"-6-7-8-9-)0-l-2-3, and all of Claim Numbers Q.67036 to/J.67045 inclusive, and which claims are held under Development Licenses 21223 to 21227 inclusive and 21229 to 21233 inclusive. B. The Company holdi under the mining laws of the Province of Ontario, jpKree (3) groups of unpatented mining claims as follows: f (1 ) WERNER LAKE QROUP: Those twenty-nine (29) unpatented mining claims located in the Lake Area, in the Red Lake Mining Division, District of Kenora, Patricia Portion, duly recorded in the Office of the Mining RecorderRee for the Red Lake Mining Division, at Red Lake, Ontario, as Numbers KRL.35738 to KRiyV66 inclusive. (2) BLIND RIVER AREA GROUP: Those ..eighteen (18) unpatented mining claims located in Townshipiwnship 163, in the DistrictDist ri of Algoma, Province of Ontario, ©duly recorded with the Mining Recorder of the Sault Ste. Marie Mining Division at Sault Ste. Marie, Ontario, as Numbers SSM.33717 to SSM.33734 inclusive. (3) NEELON TOWNSHIP GROUP: Those seven (7) unpatented mining claims in Neelon Township, District of Sudbury, in the Province of Ontario, duly recorded with the Mining Recorder of -thtSudbury Mining Division at Sudbury, Ontario, as Numbers S.77789 to S.77795 inclusive. f C. The Company owns that property formerly known as the Toburn Mine, in the Kirkland Lake Mining Area, comprising the following patented mining claim/located in the Townships of Teck and Lebel, in the District of Temiskaming, in the Province of Ontario, namely: (1) Parcel 8146, in the Register foryCentre Section Temiskaming, as registered in rhc Land Titles Office, for the District of Temiskaming, at ; HaileyWary, Ontario, comprising former Mining Claim L.1823 situate in the Township of Teck, containing by admeasurement Thirty-one and nine-tenths (31©ljo) acres, more or less; EXCEPTING the surface rights© to the following lands, being part of Mining Claim No. L.1823: (a) Parcel of land having ah area of 0.114 acres, more or less, as shown on Plan of Survey, signed by A. Matheson, Ontario Land Surveyor, dated August 5th, 1946, and attached to Transfer No. 86966 Temiskaming; s (b) Parcel of land having an are* of 0.39 .icres, more or las, as shown on Plan of Survey, signed by A. Matheson, Ontario Land Surveyor, dated July 3rd, 1950, and attached to Transfer No. 98509 Temiskaming; (c). Parcel qf land having an area of 0.138 acres, more or lesi, ai khuwii on Plan of Survey, signed by A. Matheson, Ontario Land Surveyor, dated May 17th, 1950, and attached to Transfer No. 985.56 Temiskaming; 9. The following arc the particular* of the share* told for caih: 7 iharet it 11.00 per thare ...r....... .....,................................................. t 7.00 200,000 tHaret at lOc per share................................ ..................................... 20,000.00 200,000 share* at Uc per share . .......... .... .. ... ............................ .. )0,000.00 200,000 share* at 2Jc per share .............y..... ............. ...................... ........ 50,000.00 200,000 share* at 35c per share ...............©................. .................... .... ........... 70,000.00 200,000 iharet at 40c per *hare . ............... ..........................,............ ...... 10,000.00 200,000 share* at 50c per *hare .... .. ... .... ................ .............. 100,000.00 200,000 sham at 75c per ihire........................... ........................... ............... 1)0,000.00 200,000 shares at 11.00 per *hare . .. .......... ............. 200,000.00 1,400.007 1700,007.00 The last mentioned 1,600,000 shares are to be isiued upon receipt of payment ai set out in item 14. No commission wit paid or is payable on the sale of the foregoing shares. 10. There have been no securities other than the foregoing shares told for cash to date. 11. No shares were issued or are to be issued or cash paid or is to be paid by the Company to any person for promotional or other services except for the consideration paid to the Vendors by the said Company for the mining properties set forth hereunder. 12. (i) Particular* relating
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