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IN RE MID-CONMNENT RESOURCES, INC. Case No. <br /> Debtor <br /> 2. income other than from employment or operation of business <br /> ❑None <br /> State the amount of income received by the debtor other than from employment.trade,profession,or operation of the debtor's business during the two pears <br /> immediately preceding the commencement of this case. Give particulars. If a joint petition is filed,state income for each spouse separately. (Married debtors filing <br /> under chapter 12 or chapter 13 must state income of both spouses whether or not a joint petition is filed,unless the spouses are separated and a joint petition is not <br /> filed.) <br /> AMOUNT SOURCE <br /> 1991 <br /> 175 Interest <br /> 5.085 Misc. <br /> 15.760 Gain on Sale of Equipment <br /> 1990 <br /> 38.187.108 Forgiveness of Inter-Compatty Debt <br /> 1989 <br /> 8.892 Interest <br /> 16.616 Misc. <br /> 34,806,655 Forgiveness of Inter-Company Debt <br /> 156,600 Gain on Sale of Equipment <br /> 3. Payments to creditors <br /> 0 None <br /> a. List all payments on loans,installment purchases of goods or services,and other debts,aggregating more than S600 to any creditor,made within 90 days <br /> immediately preceding the commencement of this case. (Married debtors filing under chapter 12 or chapter 13 must include payments by either or both spouses whether <br /> or not a joint petition is filed,unless the spouses are separated and a joint petition is not filed.) <br /> DATES OF AMOUNT AMOUNT <br /> NAME AND ADDRESS OF CREDITOR PAYMENTS PAID STILL OWING <br /> See Attachment to Statement of Financial Affairs.No.3a.Payments to Creditors Within 90 Days Preceding Fling. Payments to Joy Finance(S8.707 per <br /> month)are payments on lease of roof bolter,which is secured by stand-by letter of credit in the amount of S100,000 and thus is a fully secured claim. All <br /> other payments to trade vendors are contemporaneous payments for goods and services provided in connection with the"mothballing'of the Debtor's mine. <br /> Payments to attorneys(Delaney&Balcomb,P.C.and Holden&Jessop.P.C.)are payments on current invoices related to defense of state court lawsuits, <br /> negotiations for sale of Debtor's mine,and preparation for bankruptcy filing. <br /> ❑None <br /> b. List all payments made within one year immediately preceding the commencement of this case to or for the benefit of creditors who are or were insiders. <br /> (Marred debtors filing under chapter 12 or chapter 13 must include payments by either or both spouses whether or not a joint petition is filed,unless the spouses are <br /> separated and a joint petition is not filed.) <br /> NAME AND ADDRESS OF CREDITOR DATES OF AMOUNT AMOUNT <br /> AND RELATIONSHIP TO DEBTOR PAYMENTS PAID STILL OWING <br /> Carbondale Mine Services See Attachment to Statement 1.120.907.36 See explanation <br /> P.O.Box 1119 of Financial Affairs,No.3b, below <br /> Carbondale,CO 81623 Pavments to Carbondale Mine <br /> Sister Company Services <br /> Mid-Continent Minerals Corporation See Attachment to Statement 44,000.00 See explanation <br /> 105E County Road 100 of Financial Affairs.No.3b, below <br /> Carbondale.CO 81623 Pavments to Mid-Continent <br /> Parent Corporation Minerals Corp. <br /> Pitkin Iron Corporation See Attachment to Statement 50.234.87 See explanation <br /> P.O. Drawer 790 of Financial Affairs,No.3b, below <br /> 818 Colorado Avenue Payments to Pitkin Iron Corp. <br /> Glenwood Springs.CO 81602 <br /> Owned by Parent Corporation's <br /> Major Stockholders <br /> (Pue 2) <br />