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Mineral Park reports $326 operating loss for September; revenue down
By Caroline Salls
Pittsburgh, Oct. 15 – Mineral Park, Inc. reported a $326 operating loss for September on $31 in revenue, according to its monthly operating report filed Wednesday with the U.S. Bankruptcy Court for the District of Delaware.
In comparison, the company posted an $8,196 operating loss for August on $85 in revenue.
The net loss for September was also $326, narrowing from an $8,196 August net loss.
The company had $4.15 million in cash and cash equivalents as of Sept. 30, down from $6.6 million at the end of August.
Mineral Park is a subsidiary of Vancouver, B.C.-based copper mining company Mercator Minerals Ltd. The company filed for bankruptcy on Aug. 25, 2014 under Chapter 11 case number 14-11996.
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