Alsons Consolidated Resources, Inc. (ACR) was incorporated on December 24, 1974 as Victoria Gold Mining Corporation to engage in the business of exploration of oil, petroleum and other mineral products. In June 1995, the corporate name was changed to its present name to mark the entry of the Alcantara Group. ACR's primary purpose was subsequently changed to that of an investment holding company with oil exploration as a secondary purpose. On October 10, 1996, ACR completed its reorganization through a series of stock swaps, and as a result, some of the Alcantara Group's established businesses became majority or minority-owned subsidiaries of ACR. ACR's core businesses, conducted through its various subsidiaries and associates, is grouped into main categories consisting of energy and power, property development, and other investments. ACR's investment in the energy and power business is through two holding firms, namely, Conal Holdings Corporation and Alsing Power Holdings, Inc., and Alsons Power International Limited, a British Virgin Islands-registered company which handles the development of the power plant projects of ACR. The company is also engaged in the property development sector through Alsons Land Corporation. In terms of other investments, ACR is also involved in the mining sector through ACR Mining Corporation, and in the product distribution business through RCP Holdings, Inc. and Market Developers, Inc. Source: SEC Form 17-A (2008)