Fraser Papers announces delay in filing of 2Q financial statements
Aug 30, 2010. Fraser Papers Inc. announced that the financial statements for the interim period ended July 3, 2010, including the related management discussion and analysis, and CEO and CFO certifications (collectively, the "Required Documents") will not be filed by the September 1, 2010 due date.
Aug 30, 2010. /Lesprom Network/. Fraser Papers Inc. announced that the financial statements for the interim period ended July 3, 2010, including the related management discussion and analysis, and CEO and CFO certifications (collectively, the "Required Documents") will not be filed by the September 1, 2010 due date.
Fraser Papers remains under creditor protection pursuant to the provisions of the Companies' Creditors Arrangement Act ("CCAA"), with its stay of proceedings having been extended by the court to October 29, 2010.
The company is working diligently to finalize the accounting for certain restructuring transactions and will file the Required Documents as soon as is practicable.
Until the Required Documents are filed, the company intends to provide information in accordance with National Policy 12-203 Cease Trade Orders for Continuous Disclosure Defaults.
Fraser Papers produces a broad range of uncoated freesheet papers for converting, publishing and industrial towel applications.