"On November 22, 2005, Nord Oil International Inc. (f/k/a/ BIO-TRACKING SECURITY SYSTEMS INC.) (the "Company") announced that the transaction involving Bio-Tracking Security and Nord Oil (Russia) has been officially completed further to the reverse split of the Company's stock on a 1 for 12 and the name and ticker change to Nord Oil International Inc. (NDOL). The Company is deemed to have a total shares issued and outstanding of 214,913,920, post reverse split and acquisition of Nord Oil."
"At the time of this filing there are an estimated 214,913,920 shares outstanding post the reverse stock split of 1 for 12 and the issuance of 180,000,000 shares for the acquisition of Nord Oil (Russia)."
All the rest of the 619 mln shares are NWOG related.
The original NDOL shares are all subject to having their rule 144 legend removed starting 11/22/06 with certain volume restrictions. On 11/22/07 they will all become free trading shares with no restrictions.The float will be 214,913,920 shares at that time.
The rest of the shares, about 414 mln, will remain restricted until the one year annv of the NDOL/NWOG merger. On May 10, 2007, 357,186,230 shares will be eligible to have the 144 legend removed under certain limitations.
"The Company issued 357,186,230 restricted common shares for the acquisition of North-West Oil Group."