​​​​​​October 31, 2019, North American Fur Auctions Inc. and North American Fur Producers Inc., NAFA Properties Inc., NAFA Properties (US) Inc., 3306319 Nova Scotia Limited, NAFA Properties Stoughton LLC, North American Fur Auctions (US) Inc., NAFPRO LLC (Wisconsin LLC), NAFA Europe Co-Operatief UA, NAFA Europe B.V., Daikoku SP.Z OO, and NAFA Polska SP.Z OO (collectively, the "Applicants") commenced court-supervised restructuring proceedings under the Companies' Creditors Arrangement Act, R.S.C. 1985, c. C-36, as amended (the "CCAA").

On the same day, the Ontario Superior Court of Justice (Commercial List) (the "Court") granted an Initial Order (the "Initial Order"), which, among other things, provides for a stay of proceedings until November 29, 2019 (the "Stay Period"). On January 30, 2020, the Court granted an Order extending the Stay Period until and including April 3, 2020.

Also pursuant to the Initial Order, Deloitte Restructuring Inc. was appointed as monitor (the "Monitor") of the business and financial affairs of the Applicants.

If you have any questions regarding this matter, please contact Deloitte Restructuring Inc. at the following address:

Deloitte Restructuring Inc.
Attention: In its capacity as Court Appointed Monitor of North American Fur Auctions Inc.
Bay Adelaide East
8 Adelaide Street West, Suite 200
Toronto, ON M5H 0A9

Persons requiring further information not available on the Website should email the Monitor at nafa@deloitte.ca or call the Monitor's toll free hotline at 1-888-221-0622.