In a recent article, The Northern Miner incorrectly related Camreco Inc.’s (TSE) accumulated deficit on March 31 to revenues reported during the first three months of 1988. In fact, Camreco reported a first quarter loss of $65,090 on revenues of $208,264. Cash flow for the quarter was $24,703. The company has re-stated its capital position which resulted in eliminating it’s deficit at the end of 1987.
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