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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report Pursuant to Section 13 or 15 (d) of the Securities and Exchange
Act of 1934
Date of Report: October 9, 1998
NORD PACIFIC LIMITED
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(Exact name of registrant as specified in its charter)
New Brunswick 000-19182 N/A
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(State or other (Commission File (IRS Employer
jurisdiction of Number) Identification
incorporation or Number)
organization)
40 Wellington Row
St John, N.B., Canada E2L4S3
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(Address of Principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (506) 633-3800
22 Church Street
Hamilton HE 11 Bermuda
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(Former name, former address, and former fiscal year, if changed since last
report)
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ITEM 5. OTHER EVENTS
On October 9, with an effective date of September 30, 1998 Nord Pacific Limited
(the "Company") completed its discontinuance from Bermuda and its continuance
into the Province of New Brunswick, Canada. The continuance was approved by
shareholders on June 26, 1998.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits required to be filed by Item 6.01 of Regulation S-K
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Item No. Descripition
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10.48 Articles of Continuance
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Nord Pacific Limited
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/s/ Ray W. Jenner
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Date: October 15, 1998 Ray W. Jenner
Chief Financial Officer
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[LOGO]
Exhibit 10.48
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BUSINESS CORPORATIONS ACT LOI SUR LES CORPORATIONS COMMERCIALES
FORM 7 FORMULE 7
ARTICLES OF CONTINUANCE STATUTS DE PROROGATION
(SECTION 126) (ARTICLE 126)
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1 - Name of Corporation: Raison sociale de la corporation:
NORD PACIFIC LIMITED
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2 - The classes and any maximum number of shares that the Les categories et le nombre maximal d'actions que la corporation
corporation is authorized to issue and any maximum peut emettre ainsi que le montant maximal global pour lequel
aggregate amount for which shares may be issued les actions peuvent etre emises, y compris les actions sans
including shares without par value and/or with par valeur au pair ou avec valeur au pair ou les deux et le montant
value and the amount of the par value: de la valeur au pair:
An unlimited number of common shares without nominal or par value
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3 - Restrictions, if any, on share transfers: Restrictions, s'il y en a, au transfert d'actions:
None
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4 - Number (or minimum and maximum number) of directors: Nombre (ou nombre minimum et maximum) des administrateurs:
Such number of directors not less than two (2) nor more than twenty (20) as may be determined by the directors
from time to time
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5 - Restrictions, if any, on business the corporation Restrictions, s'il y en a, l'activite que peut exercer
may carry on: la corporation:
None
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6 - (1) If change of name effected, (1) En cas de changement de raison sociale,
previous name: indiquer la derniere en date:
(2) Details of incorporation: (2) Details sur la constitution en corporation:
August 2, 1988
Companies Act 1981 Bermuda
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7 - Other provisions, if any: Autres dispositions, le cas echeant:
See Schedule "A" attached.
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Date Signature Description of Office
Fonction
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8-13-98 /s/ Ray W. Jenner Vice President & Secretary
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Exhibit 10.48
Attaching to Articles of Continuance
of Nord Pacific Limited
1. Notwithstanding Subsection 87(1) and 103(1) of the Business
Corporations Act, notice of the time and place of a meeting of
shareholders and a copy of the documents referred to in
Subsection 87(5) and Section 100 shall be sent not less than ten (10) days
nor more than fifty (50) days before the meeting:
(a) to each shareholder entitled to vote at the meeting;
(b) to each director; and
(c) to the auditor, if any.
2. RIGHT TO DISSENT
The holders of shares of a series shall not be entitled to vote
separately as a class or series upon a proposal to amend the Articles
of the Corporation to:
(a) increase or decrease any maximum number of authorized shares
of such class or series or increase any maximum number of
authorized shares of a class or series, having rights or
privileges equal or superior to the shares of such class or
series;
(b) effect an exchange, reclassification or cancellation of all or
part of the shares of such class or series;
(c) create a new class or series of shares equal or superior to the
shares of such class or series.
3. The holders of shares of a class or of a series shall not as such be
entitled to any pre-emptive rights under Section 27 of the Business
Corporations Act.
4. PLACE OF SHAREHOLDERS' MEETINGS
Meetings of shareholders may be held at the registered office of
the Corporation or at such other place in or outside the Province of
New Brunswick as the directors may determine from time to time.
5. PLACE OF SHAREHOLDERS' MEETINGS
Meetings of shareholders of the Corporation may, as determined by the
directors from time to time, be held at:
(a) the registered office of the Corporation;
(b) such other place in the Province of New Brunswick;
(c) such other place in a province other than the Province of
New Brunswick; or
(d) such other place in any state in the United States of America.
