United States
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
PANACO, Inc.
(Exact name of issuer as specified in charter)
1050 West Blue Ridge Boulevard, Kansas City, Missouri 64145
(Address of principal executive offices)
Issuer's telephone number, including area code (816) 942-6300
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 Common Stock
2. Number of shares outstanding before the change 12,263,709
3. Number of shares outstanding after the change 14,350,255
4. Effective date of change October 8, 1996
5. Method of change:
Specify method (such as merger, acquisition, exchange, distribution, stock
split, reverse split, acquisition of stock for treasury, etc.)
Exercise of warrants and issuance of stock
Give brief description of transaction
Acquisition of property by issuance of stock
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 December 10, 1996 \s\ H. James Maxwell
H. James Maxwell, President
