CHAPARRAL RESOURCES INC
10-C, 1996-04-03
CRUDE PETROLEUM & NATURAL GAS
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                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 10-C

                 REPORT BY ISSUER OF SECURITIES QUOTED ON NASDAQ
                          INTERDEALER QUOTATION SYSTEM

                  Filed pursuant to Section 13 or 15(d) of the
                 Securities Exchange Act of 1934 and Rule 13a-17
                              or 15d-17 thereunder

                           Chaparral Resources, Inc.
- -------------------------------------------------------------------------------
                 (Exact name of issuer as specified in charter)

              621-17th Street, Suite 1301, Denver, Colorado 80293
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                    (Address of principal executive office)

Issuer's telephone number, including area code:   (303) 293-2340

I.  CHANGE IN NUMBER OF SHARES OUTSTANDING

     Indicate  any change  (increase or decrease) of 5% or more in the number of
shares outstanding:

         1.       Title of security:    $0.10 par value common stock

         2.       Number of shares outstanding before the change:  24,009,192

         3.       Number of shares outstanding after the change:   26,869,192

         4.       Effective date of change:   April 1, 1996

         5.       Method change:
                    Specify  method  (such  as  merger,  acquisition,  exchange,
               distribution,  stock split,  reverse split,  acquisition of stock
               for treasury, etc.)

                    Issuance of 2,800,000 shares pursuant to a private placement
               and issuance of 60,000 shares in connection  with the acquisition
               of shares in another entity.

         Give brief description of transaction:

               On April 1,  1996,  subscribers  purchased  2,800,000  shares  of
          common stock pursuant to a private placement memorandum dated March 4,
          1996. On the same date, Chaparral Resources, Inc. issued 60,000 shares
          of common  stock to  complete  the  acquisition  of shares in  another
          entity.

II. CHANGE IN NAME OF ISSUER

         1.       Name prior to change:

         2.       Name after change:

         3.       Effective date of charter amendment changing name:

         4.       Date of shareholder approval of change, if required:

Date:     April 2, 1996
                                             CHAPARRAL RESOURCES, INC.

                                             /s/ Paul V. Hoovler       
                                                 ------------------------------
                                             Paul V. Hoovler, President
                                             (Officer's signature and title)


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