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<title>NORD 8K</title>



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<p class=MsoNormal align=center style='text-align:center'>&nbsp;</p>



<p class=MsoNormal align=center style='text-align:center'>&nbsp;</p>



<p class=MsoNormal align=center style='text-align:center'>SECURITIES
AND EXCHANGE COMMISSION</p>



<p class=MsoNormal align=center style='text-align:center'>Washington,
D.C. 20549</p>







<p class=MsoNormal align=center style='text-align:center'><b>FORM
8-K<br>
CURRENT
REPORT</b></p>



<p class=MsoNormal align=center style='text-align:center'>Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934</p>





<p class=MsoNormal align="left">Date of Report (Date of earliest event
reported):<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp; March 17, 2004&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp; </u></p>







<p class=MsoNormal align=center style='text-align:center'><b><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
NORD PACIFIC LIMITED&nbsp;&nbsp;&nbsp;</u></b><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;<br>
</u>(Exact
name of Registrant as specified in its charter)</p>

<div align="left">
  <table border="0" cellpadding="0" cellspacing="0" style="border-collapse: collapse" bordercolor="#111111" width="725" id="AutoNumber1" height="74">
    <tr>
      <td width="310" height="19" align="center">



<p class=MsoNormal><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New Mexico&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</u></p>

      </td>
      <td width="242" height="19" align="center"> <u>&nbsp;
000-19182&nbsp;</u></td>
      <td width="205" height="19" align="center"> <u>&nbsp;&nbsp;&nbsp;Not
Applicable&nbsp;&nbsp;&nbsp;</u></td>
    </tr>
    <tr>
      <td width="310" height="17" align="center">

<p class=MsoNormal>(State or other</p>

      </td>
      <td width="242" height="17" align="center">(Commission</td>
      <td width="205" height="17" align="center">(I.R.S.
Employer</td>
    </tr>
    <tr>
      <td width="310" height="19" align="center">

<p class=MsoNormal>&nbsp;jurisdiction</p>

      </td>
      <td width="242" height="19" align="center">File
Number)</td>
      <td width="205" height="19" align="center">Identification No.)</td>
    </tr>
    <tr>
      <td width="310" height="19" align="center">

<p class=MsoNormal>of incorporation)</p>





      </td>
      <td width="242" height="19" align="center">&nbsp;</td>
      <td width="205" height="19" align="center">&nbsp;</td>
    </tr>
  </table>
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<p class=MsoNormal align=center style='text-align:center'><u>&nbsp;&nbsp;
2727 San Pedro, NE #116, Albuquerque, NM&nbsp;&nbsp;&nbsp;&nbsp; 87110&nbsp;&nbsp;&nbsp;&nbsp;<br>
</u>(Address
of principal executive offices)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Zip Code)</p>



<p class=MsoNormal>Registrant's telephone number:&nbsp; (506) 633-3800</p>



















<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </p>

<hr color="#000080"><br clear=all style='page-break-before:always'>


<p class=MsoNormal><u>Item 1:&nbsp; Changes in Control of Registrant</u>.</p>



<p class=MsoBodyText style="text-indent: 0.5in">As previously disclosed, on December 20, 2003, Nord
Pacific Limited (&quot;Nord Pacific&quot;) entered into an arrangement agreement with
Allied Gold Limited (&quot;Allied Gold&quot;) under which Allied Gold will acquire all of
the outstanding shares of Nord Pacific under a plan of arrangement.&nbsp;
Concurrently, Nord Pacific and Allied Gold entered into a credit facility
agreement under which Allied Gold agreed to loan up to U.S. $5.4 million to
Nord Pacific to fund capital requirements of joint ventures and to fund ongoing
corporate costs.</p>

<p class=MsoBodyText style="text-indent: 0.5in">Of the amount of the credit facility agreement, Allied
Gold committed to loan up to U.S. $2,400,000 and may at its option loan up to
an additional U.S. $3,000,000.&nbsp; The principal amount of the notes given for
advances under the credit facility agreement can be converted by Allied Gold
into common shares of Nord Pacific at increasing prices per share.&nbsp; The initial
U.S. $600,000 is convertible at a price of U.S. $0.05 per share, the next U.S.
$1,800,000 at U.S. $0.10 per share, the next U.S. $1,000,000 at U.S. $0.15 per
share, the next U.S. $1,000,000 at U.S. $0.20 per share, and the last U.S.
$1,000,000 at U.S. $0.25 per share.&nbsp; Allied Gold was also entitled, upon
acquiring notes convertible into 10% of the shares of Nord Pacific, to nominate
a director to replace an existing director on the Board of Nord Pacific.&nbsp; When
Allied Gold has notes that it may convert into 50% of the shares of Nord
Pacific, it will be entitled to replace another director.</p>

<p class=MsoBodyText style="text-indent: 0.5in">On January 14, 2004, Allied Gold loaned U.S. $527,647 to
Nord Pacific in return for Series A note as provided in the credit facility
agreement.&nbsp; On February 12, 2004, Allied Gold converted such note into
10,552,940 common shares representing approximately 33.6% of the outstanding
shares of common stock of Nord Pacific.</p>

<p class=MsoBodyText style="text-indent: 0.5in">In February 2004, John B. Roberts voluntarily stepped down
as a director and chairman of Nord Pacific.&nbsp; Gregory H. Steemson replaced Mr.
Roberts on the Board of Nord Pacific and as chairman of Nord Pacific.&nbsp; Mr.
Steemson was nominated to the Board by Allied Gold.&nbsp; At that time, Mr. Steemson
resigned as managing director of Allied Gold.&nbsp; (This information regarding Mr.
Steemson is based upon a Schedule 13D filed by Allied Gold with the Securities
and Exchange Commission.)</p>

<p class=MsoBodyText style="text-indent: 0.5in">On March 9, 2004, Nord Pacific obtained an additional loan
under the credit facility agreement in the amount of U.S. $272,223, of which
U.S. $72,353 is represented by a Series A note and U.S. $199,870 is represented
by a Series B note.&nbsp; These two notes are convertible in the aggregate into
3,445,760 shares of common stock.&nbsp; If Allied Gold so converted these additional
amounts, it would own, from such conversions, 40.2% of the then outstanding
common shares of Nord Pacific.</p>

<p class=MsoBodyText style="text-indent: 0.5in">According to the Schedule 13D of Allied Gold, funds used
in the acquisition of the notes came from Allied Gold's working capital.</p>

<p class=MsoBodyText style="text-indent: 0.5in">These transactions and events may be viewed as resulting
in a change of control of Nord Pacific from the public and Board of Directors
of Nord Pacific to Allied Gold.</p>





<p class=MsoBodyText style="text-indent: 0.5in">&nbsp;</p>





<p class=MsoBodyText style="text-indent: 0.5in">&nbsp;</p>





<p class=MsoBodyText align="center">2</p>





<hr color="#000080">
<p><br clear=all style='page-break-before:always'>


</p>

<p class=MsoBodyText style="text-indent: 0.5in">&nbsp;</p>





<p class=MsoNormal><u>Item 5.&nbsp; Other Events</u>.</p>



<p class=MsoBodyText style="text-indent: 0.5in">For information regarding a change in the Board of
Directors of Nord Pacific, please see Item 1 above.</p>

<p class=MsoBodyText style="text-indent: 0.5in">On March 2, 2004, PGM Ventures Corporation (&quot;PGM&quot;) and
Warrama Consulting Proprietary Limited (&quot;Warrama&quot;) filed a motion with the
Court of Queen's Bench of New Brunswick requesting that PGM and Warrama be
added as parties in the proceeding of Nord Resources Corporation vs. Nord
Pacific Limited and certain directors.&nbsp; This legal proceeding related to, among
other things, the issuance of shares to certain directors and officers and the
election of directors.&nbsp; Nord Pacific and Nord Resources agreed to the
settlement of this litigation in December 2003 just prior to Nord Pacific
entering into an arrangement agreement with Allied Gold.&nbsp; In the motion, PGM
and Warrama claim to be shareholders of Nord Pacific, owning 5,000 and 75,000
shares, respectively, and they claim that actions of the Nord Pacific Board
regarding the arrangement with Allied Gold have been, among other things,
oppressive and unfair and have been done without proper care.&nbsp; They request the
Court to declare all directors meetings since June 28, 2003 as null and void,
set aside transactions with Allied Gold, and invalidate 5,200,000 common shares
issued previously to certain directors.&nbsp; Nord Pacific intends to defend
vigorously the interests of Nord Pacific and its shareholders.&nbsp; A court hearing
on the motion of PGM and Warrama is scheduled to be held on March 23, 2004.&nbsp; </p>

<p class=MsoBodyText style="text-indent: 0.5in">PGM may have motivations other than the interests of Nord
Pacific's shareholders.&nbsp; As previously reported, PGM stated in a press release
dated January 14, 2004 that PGM &quot;is making&quot; a bid for all issued and
outstanding shares of Nord Pacific.&nbsp; Nord Pacific has not received an offer or
documents for an offer by PGM.&nbsp; PGM is also a party with Nord Pacific to two
joint ventures, the Simberi Mining Joint Venture and the Tabar Exploration
Joint Venture.&nbsp; Warrama has been a financial adviser to Nord Pacific and to the
Simberi Joint Venture.&nbsp; Warrama has also stated in a court filing that Warrama
was retained in January 2004 by PGM to assist with the development, promotion
and enhancement of PGM or its affiliated company's current economic interest in
the Simberi Joint Venture.&nbsp; </p>

<p class=MsoBodyText style="text-indent: 0.5in">PGM has earned a 50% interest in the Simberi Joint Venture
subject to confirmation of funds expended.&nbsp; If Nord Pacific cannot meet its
share of expenses in the joint venture, PGM could dilute Nord Pacific's
interest in the Simberi Joint Venture to 15%, with PGM's interest rising to up
to 85%.&nbsp; Similar provisions apply in the Tabar Joint Venture.&nbsp; </p>

<p class=MsoBodyText style='text-align:justify; text-indent:0.5in'>Nord Pacific has been using
funds borrowed from Allied Gold to support its operations and meet its equity
requirements for the Simberi Joint Venture in order to preserve its participating
interest in such joint venture as an asset for all of its shareholders.&nbsp; If
these loans by Allied Gold had to be repaid, Nord Pacific would be unable to
meet the equity requirements of its Simberi Joint Venture and if PGM were to
fund the additional equity requirements for the Simberi Joint Venture, then (as
stated above) under the joint venture agreement PGM would be able to increase
its participating interest in the Simberi Joint Venture at the expense of Nord
Pacific's participating interest.&nbsp; </p>

<p class=MsoBodyText style='text-align:center'>3</p>

<hr color="#000080">
<p><br clear=all style='page-break-before:always'>


</p>

<p class=MsoBodyText style='text-align:justify; text-indent:0.5in'>&nbsp;</p>

<p class=MsoNormal><u>Item 7.&nbsp; Financial Statements and Exhibits</u>.</p>

<p class=MsoNormal style='text-indent:.5in'>The following exhibits are
furnished with this Report.</p>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0
 style='margin-left:41.4pt;border-collapse:collapse'>
 <tr>
  <td width=108 valign=top style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'><b><i>Exhibit<br>
  &nbsp;Number</i></b></p>
  </td>
  <td width=475 valign=top style='width:4.95in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='margin-bottom:6.0pt'><b><i><br>
  Document</i></b></p>
  </td>
 </tr>
 <tr>
  <td width=108 valign=top style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>99.1</p>
  </td>
  <td width=475 valign=top style='width:4.95in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='margin-bottom:6.0pt'>Press Release, dated February
  17, 2004.</p>
  </td>
 </tr>
 <tr>
  <td width=108 valign=top style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'>99.2</p>
  </td>
  <td width=475 valign=top style='width:4.95in;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal style='margin-bottom:6.0pt'>Press Release, dated March 17,
  2004.</p>
  </td>
 </tr>
</table>

<p class=MsoNormal align=center style='text-align:center'>SIGNATURES</p>

<p class=MsoBodyText>Pursuant to the requirements of the Securities Exchange
Act of 1934, the registrant has duly caused this report to be signed on as its
behalf by the undersigned hereunto duly authorized.</p>

<p class=MsoNormal style='margin-top:0in;margin-right:-9.0pt;margin-bottom:
0in;margin-left:3.0in;margin-bottom:.0001pt;text-indent:.5in'><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Nord Pacific Limited&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>
</u>(Registrant)</p>





<p class=MsoNormal style='margin-top:0in;margin-right:-9.0pt;margin-bottom:
0in;margin-left:3.0in;margin-bottom:.0001pt;text-indent:.5in'>&nbsp;</p>





<p class=MsoNormal style='margin-top:0in;margin-right:-9.0pt;margin-bottom:
0in;margin-left:3.0in;margin-bottom:.0001pt;text-indent:.5in'>&nbsp;</p>





<div align="left">
  <table border="0" cellpadding="0" cellspacing="0" style="border-collapse: collapse" bordercolor="#111111" width="700" id="AutoNumber2">
    <tr>
      <td width="318">Date:&nbsp; March 17, 2004</td>
      <td width="440">





<p class=MsoNormal>By:&nbsp;&nbsp;&nbsp;&nbsp; <u>/s/
Mark R. Welch&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<br>
</u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mark R. Welch</p>

      </td>
    </tr>
    <tr>
      <td width="318">&nbsp;</td>
      <td width="440">

<p class=MsoNormal>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; President and Chief Executive
Officer</p>

      </td>
    </tr>
  </table>
</div>
<p class="MsoNormal">&nbsp;</p>
<p class="MsoNormal">&nbsp;</p>
<p class="MsoNormal">&nbsp;</p>
<p class="MsoNormal" align="center">4</p>

<hr color="#000080"><br clear=all style='page-break-before:always'>


<p class=MsoNormal align=center style='text-align:center'>EXHIBIT INDEX</p>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0
 style='margin-left:9.9pt;border-collapse:collapse'>
 <tr>
  <td width=114 valign=top style='width:85.5pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal align=center style='text-align:center'><b><i>Exhibit<br>
  Number</i></b></p>
  </td>
  <td width=511 valign=top style='width:383.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal><b><i><br>
  Document</i></b></p>
  </td>
 </tr>
 <tr>
  <td width=114 valign=top style='width:85.5pt;padding:0in 5.4pt 0in 5.4pt'>

  </td>
  <td width=511 valign=top style='width:383.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p class=MsoNormal><b><i>&nbsp;</i></b></p>
  </td>
 </tr>
 <tr style='height:14.25pt'>
  <td width=114 valign=top style='width:85.5pt;padding:0in 5.4pt 0in 5.4pt;
  height:14.25pt'>
  <p class=MsoNormal align=center style='text-align:center'>99.1</p>
  </td>
  <td width=511 valign=top style='width:383.4pt;padding:0in 5.4pt 0in 5.4pt;
  height:14.25pt'>
  <p class=MsoNormal>Press Release, dated February 17, 2004.</p>
  </td>
 </tr>
 <tr style='height:14.25pt'>
  <td width=114 valign=top style='width:85.5pt;padding:0in 5.4pt 0in 5.4pt;
  height:14.25pt'>
  <p class=MsoNormal align=center style='text-align:center'>99.2</p>
  </td>
  <td width=511 valign=top style='width:383.4pt;padding:0in 5.4pt 0in 5.4pt;
  height:14.25pt'>
  <p class=MsoNormal>Press Release, dated March 17, 2004.</p>
  </td>
 </tr>
</table>







<p class="MsoNormal">&nbsp;</p>
<p class="MsoNormal">&nbsp;</p>
<p class="MsoNormal">&nbsp;</p>

</body>

</html>
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{"company-data": {"conformed-name": "NORD PACIFIC LIMITED", "cik": "0000843296", "assigned-sic": "1000", "irs-number": "850381501", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-19182", "film-number": "04675887"}, "business-address": {"street1": "40 WELLINGTON ROW", "street2": "SUITE 2100 SCOTIA PLAZA", "city": "ST JOHN N B CANADA", "state": "A3", "phone": "8092922363"}}
NORD 8K
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event
reported):
March 17, 2004
NORD PACIFIC LIMITED
(Exact
name of Registrant as specified in its charter)
New Mexico
000-19182
Not
Applicable
(State or other
(Commission
(I.R.S.
Employer
jurisdiction
File
Number)
Identification No.)
of incorporation)
2727 San Pedro, NE #116, Albuquerque, NM     87110
(Address
of principal executive offices)              (Zip Code)
Registrant's telephone number:  (506) 633-3800
Item 1:  Changes in Control of Registrant
.
As previously disclosed, on December 20, 2003, Nord
Pacific Limited ("Nord Pacific") entered into an arrangement agreement with
Allied Gold Limited ("Allied Gold") under which Allied Gold will acquire all of
the outstanding shares of Nord Pacific under a plan of arrangement. 
Concurrently, Nord Pacific and Allied Gold entered into a credit facility
agreement under which Allied Gold agreed to loan up to U.S. $5.4 million to
Nord Pacific to fund capital requirements of joint ventures and to fund ongoing
corporate costs.
Of the amount of the credit facility agreement, Allied
Gold committed to loan up to U.S. $2,400,000 and may at its option loan up to
an additional U.S. $3,000,000.  The principal amount of the notes given for
advances under the credit facility agreement can be converted by Allied Gold
into common shares of Nord Pacific at increasing prices per share.  The initial
U.S. $600,000 is convertible at a price of U.S. $0.05 per share, the next U.S.
$1,800,000 at U.S. $0.10 per share, the next U.S. $1,000,000 at U.S. $0.15 per
share, the next U.S. $1,000,000 at U.S. $0.20 per share, and the last U.S.
$1,000,000 at U.S. $0.25 per share.  Allied Gold was also entitled, upon
acquiring notes convertible into 10% of the shares of Nord Pacific, to nominate
a director to replace an existing director on the Board of Nord Pacific.  When
Allied Gold has notes that it may convert into 50% of the shares of Nord
Pacific, it will be entitled to replace another director.
On January 14, 2004, Allied Gold loaned U.S. $527,647 to
Nord Pacific in return for Series A note as provided in the credit facility
agreement.  On February 12, 2004, Allied Gold converted such note into
10,552,940 common shares representing approximately 33.6% of the outstanding
shares of common stock of Nord Pacific.
In February 2004, John B. Roberts voluntarily stepped down
as a director and chairman of Nord Pacific.  Gregory H. Steemson replaced Mr.
Roberts on the Board of Nord Pacific and as chairman of Nord Pacific.  Mr.
Steemson was nominated to the Board by Allied Gold.  At that time, Mr. Steemson
resigned as managing director of Allied Gold.  (This information regarding Mr.
Steemson is based upon a Schedule 13D filed by Allied Gold with the Securities
and Exchange Commission.)
On March 9, 2004, Nord Pacific obtained an additional loan
under the credit facility agreement in the amount of U.S. $272,223, of which
U.S. $72,353 is represented by a Series A note and U.S. $199,870 is represented
by a Series B note.  These two notes are convertible in the aggregate into
3,445,760 shares of common stock.  If Allied Gold so converted these additional
amounts, it would own, from such conversions, 40.2% of the then outstanding
common shares of Nord Pacific.
According to the Schedule 13D of Allied Gold, funds used
in the acquisition of the notes came from Allied Gold's working capital.
These transactions and events may be viewed as resulting
in a change of control of Nord Pacific from the public and Board of Directors
of Nord Pacific to Allied Gold.
2
Item 5.  Other Events
.
For information regarding a change in the Board of
Directors of Nord Pacific, please see Item 1 above.
On March 2, 2004, PGM Ventures Corporation ("PGM") and
Warrama Consulting Proprietary Limited ("Warrama") filed a motion with the
Court of Queen's Bench of New Brunswick requesting that PGM and Warrama be
added as parties in the proceeding of Nord Resources Corporation vs. Nord
Pacific Limited and certain directors.  This legal proceeding related to, among
other things, the issuance of shares to certain directors and officers and the
election of directors.  Nord Pacific and Nord Resources agreed to the
settlement of this litigation in December 2003 just prior to Nord Pacific
entering into an arrangement agreement with Allied Gold.  In the motion, PGM
and Warrama claim to be shareholders of Nord Pacific, owning 5,000 and 75,000
shares, respectively, and they claim that actions of the Nord Pacific Board
regarding the arrangement with Allied Gold have been, among other things,
oppressive and unfair and have been done without proper care.  They request the
Court to declare all directors meetings since June 28, 2003 as null and void,
set aside transactions with Allied Gold, and invalidate 5,200,000 common shares
issued previously to certain directors.  Nord Pacific intends to defend
vigorously the interests of Nord Pacific and its shareholders.  A court hearing
on the motion of PGM and Warrama is scheduled to be held on March 23, 2004.
PGM may have motivations other than the interests of Nord
Pacific's shareholders.  As previously reported, PGM stated in a press release
dated January 14, 2004 that PGM "is making" a bid for all issued and
outstanding shares of Nord Pacific.  Nord Pacific has not received an offer or
documents for an offer by PGM.  PGM is also a party with Nord Pacific to two
joint ventures, the Simberi Mining Joint Venture and the Tabar Exploration
Joint Venture.  Warrama has been a financial adviser to Nord Pacific and to the
Simberi Joint Venture.  Warrama has also stated in a court filing that Warrama
was retained in January 2004 by PGM to assist with the development, promotion
and enhancement of PGM or its affiliated company's current economic interest in
the Simberi Joint Venture.
PGM has earned a 50% interest in the Simberi Joint Venture
subject to confirmation of funds expended.  If Nord Pacific cannot meet its
share of expenses in the joint venture, PGM could dilute Nord Pacific's
interest in the Simberi Joint Venture to 15%, with PGM's interest rising to up
to 85%.  Similar provisions apply in the Tabar Joint Venture.
Nord Pacific has been using
funds borrowed from Allied Gold to support its operations and meet its equity
requirements for the Simberi Joint Venture in order to preserve its participating
interest in such joint venture as an asset for all of its shareholders.  If
these loans by Allied Gold had to be repaid, Nord Pacific would be unable to
meet the equity requirements of its Simberi Joint Venture and if PGM were to
fund the additional equity requirements for the Simberi Joint Venture, then (as
stated above) under the joint venture agreement PGM would be able to increase
its participating interest in the Simberi Joint Venture at the expense of Nord
Pacific's participating interest.
3
Item 7.  Financial Statements and Exhibits
.
The following exhibits are
furnished with this Report.
Exhibit
Number
Document
99.1
Press Release, dated February
  17, 2004.
99.2
Press Release, dated March 17,
  2004.
SIGNATURES
Pursuant to the requirements of the Securities Exchange
Act of 1934, the registrant has duly caused this report to be signed on as its
behalf by the undersigned hereunto duly authorized.
Nord Pacific Limited
(Registrant)
Date:  March 17, 2004
By:
/s/
Mark R. Welch
Mark R. Welch
President and Chief Executive
Officer
4
EXHIBIT INDEX
Exhibit
Number
Document
99.1
Press Release, dated February 17, 2004.
99.2
Press Release, dated March 17, 2004.