Conservation through Science under God

NEW NAFA LETTER
Nov 10, 2020 05:03 ET
Original: NEW NAFA LETTER

[Reprinted from original]

Dear NAFA Customers

As we navigate our way through these unprecedented times, everyone at NAFA sincerely hopes that all of you are safe and that life will continue to trend towards some degree of normality in the near future.

Due to the COVID-19 outbreak, the Government of Ontario (Canada) has enacted a number of emergency orders governing all non-essential business. Concerns about COVID-19 remain high and safety guidelines remain in place. NAFA is continuing to operate with minimal staff. Nevertheless, we continue to be available via phone and email for a limited array of customer services. Our contact information is detailed at the bottom of this message.

Since Private Treaty Sales were authorized by the Court, NAFA has offered all lotted ranch mink, ranch fox and wild fur on a continuing basis since August, 2020. These Private Treaty sales have all but concluded and substantially all of the skins that were in NAFA’s possession have now been sold. All proceeds from the Private Treaty sales to date have been received and are being held in trust by Deloitte Restructuring Inc., our Court-appointed Monitor, who will ultimately issue the cheques to those consignors who are due proceeds related to Private Treaty Sales (net of commissions and other offsets).

NAFA is now in the process of running an account sale to determine amounts owed to consignors, and cheques will be issued towards the end of October or early November. NAFA is working closely with the Monitor during this process.

Consistent with the provision of various Court orders and NAFA’s customary practice, NAFA is only authorized at this time to pay out post-October 31, 2019 pelt proceeds net of commissions, and any debt owed to the company, cheque processing fees, and a minimum amount of net proceeds. The Company will not be able to release any pre-CCAA (i.e. before October 31, 2019) credit balances at this time.

All cheques must be cashed within 6 months of the issue date. After that date, the issuing bank may not honour the cheque.

Please note that given the current operating conditions for the Company during the ongoing COVID-19 outbreak, a time period of up to 48 hours or two business days may be required before NAFA responds to requests received. The following option is suggested for contacting our staff:

Email: sales@nafa.ca or bservice@nafa.ca

Additionally, NAFA is in the process of moving from our current Skyway facility which will cause interruptions to web, email and operational services beginning October 23rd The interruptions will continue through the week of October 26th but should be resolved by Monday November 3rd.

We want to thank you again for your ongoing support and wish everyone good health. Stay safe.

Many Thanks,
NAFA Communications