This advertisement appears on the inside back cover of the Spring 1974 issue (Vol. 2, No. 4) of Omnifan, a digest-sized fanzine that dealt with "mystery, adventure & fiction." I'm sure I'll get to a full rundown of it one of these days.
The advertisement is for Paragon Illustrated. It's a magazine that appears to have been published in fits and starts, and with different formats, between 1969 and 1975. Some information can be found at the Grand Comics Database. Some high-profile artists were involved, and the few issues that exist are listed for high prices (between $30 and $100) on eBay. Paragon Publications is now known as AC Comics and Wikipedia has this to say about early magazines such as Paragon Illustrated: "The company's early titles were cheaply published black-and-white comics. Though the company published several titles simultaneously, they were only able to produce a total of three issues a year, since nearly all writing, inking, and editing on the comics was done by Bill Black himself during this period."
Here's what the advertisement touts for the 44-page, $1 issue of Paragon Illustrated:
- DREAM WALKER — an unusual graphic experience by William Black
- MIKE ROYER's centerfold of PHANTOM LADY and color back cover of the SILVER SURFER
- DR. FATE — in-depth Golden-Age article by Martin Greim
- THE GIRL FROM LSD VS ALIZARIN CRIMSON by William Black (color front cover and strip)
- 3 full-page FANTASY illustrations by the fantastic STUART SMITH
- CAPTAIN MARVEL - DON NEWTON - SPIRITS OF THE DEAD - ROGER CORMAN - DUNWICH HORROR - BOB COSGROVE - and Horror fiction ... all in PARAGON 3!
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