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Victoria

GLOBAL HEAD OFFICE

Level 2 – 517 Fort Street
Victoria, BC V8W 1E7
Canada

Phone 250-412-5253
Fax 250-381-5028

info@encorefx.com

Vancouver

Suite 2060 – 555 West Hastings Street
Vancouver, BC V6B 4N6
Canada

Phone 604-674-6408
Toll-Free 1-844-820-0210
Fax 778-379-0843

vancouver@encorefx.com

Calgary

Suite 1850 – 407 2nd Street SW
Calgary, AB T2P 2Y3
Canada

Phone 403-910-5347
Toll-Free 1-844-820-0207
Fax 403-455-4179

calgary@encorefx.com

Edmonton

Suite 940 – 10104 103rd Avenue
Edmonton, AB T5J 0H8
Canada

Phone 587-487-1734
Toll-Free 1-844-820-0208
Fax 587-520-0855

edmonton@encorefx.com

Saskatoon

Suite 900 – 410 22nd Street E
Saskatoon, SK S7K 5T6
Canada

Phone 306-986-0479
Toll-Free 1-844-820-0211
Fax 306-952-0097

saskatoon@encorefx.com

Winnipeg

Suite 705 – 1 Lombard Place
Winnipeg, MB R3B 0X3
Canada

Phone 204-594-5902
Toll-Free 1-844-820-0209
Fax 204-691-6791

winnipeg@encorefx.com

Toronto

Suite 502 – 25 Adelaide Street E
Toronto, ON M5C 3A1
Canada

Phone 647-689-3729
Toll-Free 1-877-429-5798
Fax 289-652-1503

toronto@encorefx.com

Mississauga

Suite 303 – 4080 Confederation Parkway
Mississauga, ON L5B 0G1
Canada

Phone 289-497-9300
Toll-Free 1-844-286-5743
Fax 289-652-1503

toronto@encorefx.com

Ottawa

Suite 204 – 1545 Carling Avenue
Ottawa, ON K1Z 8P9
Canada

Phone 613-366-1045
Toll-Free 1-844-820-0206
Fax 613-482-4861

ottawa@encorefx.com

Kitchener

Suite 900 – 22 Frederick Street
Kitchener, ON N2H 6M6
Canada

Phone 226-241-6669
Toll-Free 1-833-307-4043
Fax 289-652-1503

toronto@encorefx.com

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To the Clients of EncoreFX:

 

It is with much regret that we inform you that EncoreFX’s (the “Company”) offices are suspending trading effective immediately.

This suspension will give the Company time to consider its restructuring alternatives. The restructuring has become necessary as a number of customers to whom the Company granted credit have defaulted on their obligations to the Company due mainly, we believe, to the rapid changes in the FX market caused by the coronavirus pandemic.

 

In order to provide stakeholders with transparency, the Company has filed an assignment in bankruptcy pursuant to Section 49(1) of the Bankruptcy and Insolvency Act (Canada) (the “BIA”) with respect to its Canadian operations and has assigned its Australian and New Zealand subsidiaries in Voluntary Administration in Australia and New Zealand. 

 

Ernst & Young has been appointed as the licensed insolvency trustee (the “Trustee”) in Canada and as the Administrator in Australia. 

 

Once the Trustee, working with the Company, has determined the best options for the Company and its stakeholders it will share that information with you. Information pertaining to the bankruptcy of EncoreFX will be available, in due course, on the Trustee’s website at: www.ey.com/ca/encorefx.