Fraser Papers Inc. is providing this first Default Status Report in accordance with National Policy 12-203 Cease Trade Orders for Continuous Disclosure Defaults. In its news release on June 8, 2010, the Company announced that it was not able to file its financial statements for the interim period ended April 10, 2010, including the related management discussion and analysis, and CEO and CFO certifications (collectively, the "Required Documents") by the June 9, 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 July 9, 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.
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