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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1)*
Mar Ventures Inc.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
55261N107
(CUSIP Number)
Timothy J. Alvino, Dewey Ballantine, 1301 Avenue of the Americas,
New York, NY 10019-6092, 212-259-8000
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
July 25, 1997
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box / / .
Check the following box if a fee is being paid with the statement / / . (A fee
is not required only if the reporting person: (1) has a previous statement on
file reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)
NOTE: Six copies of this statement, including all exhibits, should be filed with
the Commission. See Rule 13d-1(a) for other parties to whom copies are to be
sent.
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
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SCHEDULE 13D
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CUSIP NO. 5526N107
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1
NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Greyledge, LLC
13-391-4237
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2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
Not Applicable
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3
SEC USE ONLY
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4
SOURCE OF FUNDS*
OO
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5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) / /
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6
CITIZENSHIP OR PLACE OF ORGANIZATION
[New York]
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7
SOLE VOTING POWER
NUMBER OF SHARES
BENEFICIALLY OWNED BY EACH 889,066
REPORTING
PERSON WITH
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8
SHARED VOTING POWER
None
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9
SOLE DISPOSITIVE POWER
889,066
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10
SHARED DISPOSITIVE POWER
None
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11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
889,066
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12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
/ /
Not Applicable
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13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.3%
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14
TYPE OF REPORTING PERSON*
OO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
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ITEM 1. SECURITY AND ISSUER.
This statement relates to the Common Stock, par value $.001
per share ("Common Stock"), of Mar Ventures Inc., a Delaware corporation (the
"Issuer"), having its principal executive offices at 17337 Ventura Boulevard,
Encino, California 91316.
ITEM 2. IDENTITY AND BACKGROUND.
The following information is provided for the Reporting Person:
(a) Name: Greyledge, LLC
(b) Business address: 237 Park Avenue, Suite 2100,
New York, New York 10017
(c) Present principal occupation and related
information: private investment company
(d) During the last five years, neither the Reporting
Person nor any the sole member of the Reporting Person
(identified below) has been convicted in a criminal proceeding
(excluding traffic violations or similar misdemeanors).
(e) During the last five years, neither the Reporting
Person nor the sole member of the Reporting Person (identified
below) has been a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction and, as a result
of such proceeding, was or is subject to a judgment, decree or
final order enjoining future violations of, or prohibiting or
mandating activities subject to, federal or state securities
laws or finding any violation with respect to such laws.
(f) The Reporting Person is a New York limited
liability corporation.
The sole member and Manager of the Reporting Person is William D. Forster. Mr.
Forster is the President and Chief Executive Officer of Cheniere Energy, Inc.
and a private investor. Mr. Forster's principal business address is 237 Park
Avenue, Suite 2100, New York, New York 10017. Mr. Forster is a United States
citizen.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
The shares of Common Stock beneficially owned by the Reporting
Person were acquired pursuant to (a) a subscription agreement between the Issuer
and the Reporting Person dated May 29, 1997, whereby the Reporting Person
acquired 272,000 units, each consisting of (i) one share of Common Stock of the
Company, (ii) one warrant to purchase one-half of one share of Common Stock on
or before October 31, 1997 at an exercise price of U.S. $1.25 per share (or U.S.
$0.625 per one-half share) and (iii) one warrant to purchase one-half of one
share of Common Stock on or before January 31, 1998 at an exercise price of U.S.
$1.75 per share (or U.S. $0.875 per one-half share) for a purchase price of
$68,000 and (b) a subscription agreement between the Issuer and the Reporting
Person dated July 25, 1997, whereby the Reporting Person
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acquired 172,533 units, each consisting of (i) one share of Common Stock of the
Company, (ii) one warrant to purchase one-half of one share of Common Stock on
or before October 31, 1997 at an exercise price of U.S. $1.25 per share (or U.S.
$0.625 per one-half share) and (iii) one warrant to purchase one-half of one
share of Common Stock on or before January 31, 1998 at an exercise price of U.S.
$1.75 per share (or U.S. $0.875 per one-half share) for a purchase price of
$129,400.
ITEM 4. PURPOSE OF TRANSACTION.
The Reporting Person holds the Common Stock for the purpose of
investment, constituting a portion of its securities portfolio. The Reporting
Person intends to reexamine its investment in the Issuer from time to time and,
depending on market conditions and other factors, may purchase or sell shares of
Common Stock, if appropriate opportunities to do so are available, on such terms
and at such times as it considers advisable.
Subject to the foregoing, the Reporting Person does not have
any present plans or proposals which relate to or would result in:
(a) The acquisition by any person of additional securities of
the Issuer, or the disposition of securities of the Issuer;
(b) An extraordinary corporate transaction, such as a merger,
reorganization or liquidation, involving the Issuer or any of its subsidiaries;
(c) A sale or transfer of a material amount of assets of the
Issuer or any of its subsidiaries;
(d) Any change in the present board of directors or management
of the Issuer, including any plans or proposals to change the number of
directors or to fill any existing vacancies on the board;
(e) Any material change in the present capitalization or
dividend policy of the Issuer;
(f) Any other material change in the Issuer's business or
corporate structure;
(g) Changes in the Issuer's charter, bylaws or instruments
corresponding thereto or other actions which may impede the acquisition of
control of the Issuer by any person;
(h) Causing a class of securities of the Issuer to be delisted
from a national securities exchange or to cease to be authorized to be quoted in
an interdealer quotation system of a registered national securities association;
(i) A class of equity securities of the Issuer becoming
eligible for termination of registration pursuant to Section 12(g)(4) of the
Securities Exchange Act of 1934; or
(j) Any action similar to any of those enumerated above.
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ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) The Reporting Person beneficially owns 444,533 shares of
Common Stock, 444,533 warrants to purchase one-half of one share of Common Stock
on or before October 31, 1997 at an exercise price of U.S. $1.25 per share (or
U.S. $0.625 per one-half share) and 444,533 warrants to purchase one-half of one
share of Common Stock on or before January 31, 1998 at an exercise price of U.S.
$1.75 per share (or U.S. $0.875 per one-half share). If the Reporting Person
were to exercise all of its warrants to purchase Common Stock, he would own
approximately 9.3% of the issued and outstanding shares of Common Stock, based
on information provided by the Issuer to the Reporting Person that the Issuer
presently has 9,154,804 shares of Common Stock issued and outstanding.
The Reporting Person's sole member does not beneficially own
any Common Stock (other than in his capacity as the sole member of the Reporting
Person) and the member does not have the right to acquire any Common Stock
(other than in his capacity as the sole member of the Reporting Person).
(b) The Reporting Person currently has the sole power to vote
or direct the vote and to dispose or direct the disposition of 444,533 shares of
the Common Stock referred to in paragraph (a). If the Reporting Person were to
exercise all of its warrants to purchase Common Stock, it would have the sole
power to vote or direct the vote and to dispose or direct the disposition of
889,066 shares of Common Stock.
The Reporting Person's sole member does not have the power to
vote or to direct the vote or to dispose or to direct the disposition of any
shares of the Common Stock beneficially owned by the Reporting Person (other
than in his capacity as the sole member of the Reporting Person).
(c) On May 29, 1997, the Reporting Person acquired 272,000
units, each consisting of (i) one share of Common Stock of the Company, (ii) one
warrant to purchase one-half of one share of Common Stock on or before October
31, 1997 at an exercise price of U.S. $1.25 per share (or U.S. $0.625 per
one-half share) and (iii) one warrant to purchase one-half of one share of
Common Stock on or before January 31, 1998 at an exercise price of U.S. $1.75
per share (or U.S. $0.875 per one-half share) for a purchase price of $68,000.
On July 25, 1997, the Reporting Person acquired 172,533 units,
each consisting of (i) one share of Common Stock of the Company, (ii) one
warrant to purchase one-half of one share of Common Stock on or before October
31, 1997 at an exercise price of U.S. $1.25 per share (or U.S. $0.625 per
one-half share) and (iii) one warrant to purchase one-half of one share of
Common Stock on or before January 31, 1998 at an exercise price of U.S. $1.75
per share (or U.S. $0.875 per one-half share) for a purchase price of $129,400.
Other than such acquisitions, the Reporting Person has not
effected any transactions in the Common Stock during the past sixty days, and
the sole member of the Reporting Person has not effected any transactions in the
Common Stock during the past sixty days.
(d) No other person is known to have the right to receive or
the power to direct the receipt of dividends from, or the proceeds from the sale
of, the shares of the Common
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Stock beneficially owned by the Reporting Person.
(e) Not applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERTAKINGS OR
RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE
ISSUER.
Except as described herein, there are no contracts,
arrangements, understandings or relationships (legal or otherwise) among the
Reporting Person and any other person with respect to any securities of the
Issuer, including any contract, arrangement, understanding or relationship
concerning transfer or voting of any securities of the Issuer, finder's fees,
joint ventures, loan or option arrangements, puts or calls, guarantees of
profits, division of profits or loss, or the giving or withholding of proxies.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
Not applicable.
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.
Dated: August 27, 1997
GREYLEDGE, LLC
/s/ William D. Forster
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William D. Forster
Manager
