Las Vegas, NV -- (SBWIRE) -- 12/18/2013 -- Patriot Coal Corporation (OTCMKTS:PCXCQ) is a U.S. based company generating income mainly from oil and gas exploration. The company generated thermal coal through its operations centered in the eastern America. The coal reserves of PCXCQ are located in Appalachia and the Illinois. The Patriot Coal serves in segments of Appalachia Mining Operations and Illinois Basin Mining Operations. It offers metallurgical quality coal and has over ten active mining complexes.
Patriot is working on a reorganization plan. The company declared that the U.S. Bankruptcy Court affirms the reorganization plan of PCXCQ. The company is closing financing and will emerge a newly reorganized firm on December 18.
The CEO of Patriot Coal Corporation Bennett K. Hatfield says that this exit of financial will be the concluding step in financial restructuring of the company. The firm hopes to be far more profitable in times to come.
To find out what OTCMAGIC projects for Patriot Coal Corporation for both short term and long term please click here: PCXCQ
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