<SEC-DOCUMENT>0001062993-15-006621.txt : 20151211
<SEC-HEADER>0001062993-15-006621.hdr.sgml : 20151211
<ACCEPTANCE-DATETIME>20151210174210
ACCESSION NUMBER:		0001062993-15-006621
CONFORMED SUBMISSION TYPE:	SC 13G
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20151211
DATE AS OF CHANGE:		20151210

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			North American Energy Partners Inc.
		CENTRAL INDEX KEY:			0001368519
		STANDARD INDUSTRIAL CLASSIFICATION:	OIL, GAS FIELD SERVICES, NBC [1389]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			A0
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-82223
		FILM NUMBER:		151281704

	BUSINESS ADDRESS:	
		STREET 1:		ZONE 3, ACHESON INDUSTRIAL AREA
		STREET 2:		2-53016 HIGHWAY 60
		CITY:			ACHESON
		STATE:			A0
		ZIP:			T7X 5A7
		BUSINESS PHONE:		780-960-7171

	MAIL ADDRESS:	
		STREET 1:		ZONE 3, ACHESON INDUSTRIAL AREA
		STREET 2:		2-53016 HIGHWAY 60
		CITY:			ACHESON
		STATE:			A0
		ZIP:			T7X 5A7

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	NORTH AMERICAN ENERGY PARTNERS INC.
		DATE OF NAME CHANGE:	20061129

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	NACG Holdings Inc.
		DATE OF NAME CHANGE:	20060707

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Polar Asset Management Partners Inc.
		CENTRAL INDEX KEY:			0001326389
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			A6
		FISCAL YEAR END:			0331

	FILING VALUES:
		FORM TYPE:		SC 13G

	BUSINESS ADDRESS:	
		STREET 1:		401 BAY STREET
		STREET 2:		SUITE 1900, P.O. BOX 19
		CITY:			TORONTO
		STATE:			A6
		ZIP:			M5H 2Y4
		BUSINESS PHONE:		416-367-4364

	MAIL ADDRESS:	
		STREET 1:		401 BAY STREET
		STREET 2:		SUITE 1900, P.O. BOX 19
		CITY:			TORONTO
		STATE:			A6
		ZIP:			M5H 2Y4

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Polar Securities Inc.
		DATE OF NAME CHANGE:	20050506
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13G
<SEQUENCE>1
<FILENAME>sc13gnaenergypartners.htm
<DESCRIPTION>SC 13G
<TEXT>
<HTML>
<HEAD>
   <TITLE>Polar Asset Management Partners Inc.: Form SC 13G - Filed by newsfilecorp.com</TITLE>
</HEAD>

<BODY style="font-size:10pt;">

<HR noshade align="center" width=100% size=3 color="black">
<A name=page_1></A>
<P align=center><B><FONT size=5>UNITED STATES </FONT><BR></B><B><FONT
size=5>SECURITIES AND EXCHANGE COMMISSION</FONT></B><B> <BR>Washington, D.C.
20549 </B></P>
<P align=center><B><FONT size=5>SCHEDULE 13G </FONT></B></P>
<P align=center>Under the Securities Exchange Act of 1934 </P>
<P align=center>(Amendment No.)* </P>
<P align=center><B><FONT size=5><U>North American Energy Partners Inc.
</U></FONT><BR></B>(Name of Issuer) </P>
<P align=center><B><U>Common shares <BR></U></B>(Title of Class of Securities)
</P>
<P align=center><B><U>656844107 </U><BR></B>(CUSIP Number) </P>
<P align=center><B><U>November 30, 2015 </U><BR></B>(Date of Event which
Requires Filing of this Statement) </P>
<P align=justify>Check the appropriate box to designate the rule pursuant to
which this Schedule is filed: </P>
<P style="MARGIN-LEFT: 5%" align=justify>[X]&nbsp; Rule 13d-1(b)&nbsp;</P>
<P style="MARGIN-LEFT: 5%" align=justify>[&nbsp;&nbsp; ]&nbsp; Rule 13d-1(c)
</P>
<P style="MARGIN-LEFT: 5%" align=justify>[_] Rule 13d-1(d) </P>
<P align=justify>*The remainder of this cover page shall be filled out for a
reporting person&#146;s initial filing on this form with respect to the subject class
of securities, and for any subsequent amendment containing information which
would alter the disclosures provided in a prior cover page. </P>
<P align=justify>The information required in the remainder of this cover page
shall not be deemed to be &#147;filed&#148; for the purpose of Section 18 of the
Securities Exchange Act of 1934 (&#147;Act&#148;) or otherwise subject to the liabilities
of that section of the Act but shall be subject to all other provisions of the
Act (however, see the <I>Notes</I>). </P>
<P align=center>Page <B>1 </B>of <B>5 </B></P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_2></A>
<P align=center>SCHEDULE 13G </P>
<P align=justify><U>CUSIP No.&nbsp;&nbsp;&nbsp; &nbsp;<B>656844107 </B></U></P>
<DIV>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    noWrap align=left><B>1 </B></TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    noWrap align=left width="94%" colSpan=4>
      <P><B>&nbsp; Names of Reporting Persons </B></P>
      <P><STRONG>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </STRONG>Polar Asset
      Management Partners Inc. </P></TD></TR>
  <TR vAlign=top>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left><B>2 </B></TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="94%" colSpan=4>
      <P><B>Check the appropriate box if a member of a Group (see instructions)
      </B></P>
      <P><STRONG>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </STRONG>(a)&nbsp;
      [&nbsp;&nbsp; ] <BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (b)&nbsp;
      [&nbsp;&nbsp; ] </P></TD></TR>
  <TR vAlign=top>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left><B>3 </B></TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="94%" colSpan=4>
      <P><B>&nbsp; Sec Use Only </B></P>
      <P><STRONG></STRONG>&nbsp;</P></TD></TR>
  <TR vAlign=top>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left><B>4 </B></TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="94%" colSpan=4>
      <P><B>&nbsp; Citizenship or Place of Organization </B></P>
      <P><STRONG>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </STRONG>Canada </P></TD></TR>
  <TR vAlign=top>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    vAlign=center align=center colSpan=3 rowSpan=4><BR><B>Number of
      <BR></B><B>Shares </B><B>Beneficially </B><BR><B>Owned by Each
      <BR></B><B>Reporting Person <BR></B><B>With: </B><BR></TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="5%"><B>5 </B></TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="79%">
      <P><B>&nbsp; Sole Voting Power </B></P>
      <P>&nbsp; 3,433,066 </P></TD></TR>
  <TR vAlign=top>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="5%"><B>6 </B></TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="79%">
      <P><B>&nbsp; Shared Voting Power </B></P>
      <P>&nbsp; 0 </P></TD></TR>
  <TR vAlign=top>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="5%"><B>7 </B></TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="79%">
      <P><B>&nbsp; Sole Dispositive Power </B></P>
      <P>&nbsp; 3,433,066 </P></TD></TR>
  <TR vAlign=top>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="5%"><B>8 </B></TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="79%">
      <P><B>&nbsp; Shared Dispositive Power </B></P>
      <P>&nbsp; 0 </P></TD></TR>
  <TR vAlign=top>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left><B>9 </B></TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="94%" colSpan=4>
      <P><B>&nbsp; Aggregate Amount Beneficially Owned by Each Reporting Person
      </B></P>
      <P>&nbsp; 3,433,066 </P></TD></TR>
  <TR vAlign=top>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left><B>10 </B></TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="94%" colSpan=4>
      <P><B>&nbsp; Check box if the aggregate amount in row (9) excludes certain
      shares (See Instructions) </B></P>
      <P>&nbsp; [&nbsp; &nbsp;] </P></TD></TR>
  <TR vAlign=top>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left><B>11 </B></TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="94%" colSpan=4>
      <P><B>&nbsp; Percent of class represented by amount in row (9) </B></P>
      <P>&nbsp; 10.24% </P></TD></TR>
  <TR vAlign=top>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left><B>12 </B></TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    align=left width="94%" colSpan=4>
      <P><B>&nbsp; Type of Reporting Person (See Instructions) </B></P>
      <P><STRONG>&nbsp; </STRONG>IA </P></TD></TR></TABLE></DIV>
<P align=center>Page <B>2 </B>of <B>5 </B></P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_3></A>
<P align=center>SCHEDULE 13G </P>
<P align=justify><U>CUSIP No.&nbsp;&nbsp;&nbsp;&nbsp; <B>656844107 </B></U></P>
<P align=justify><B>Item 1. </B></P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0 BCLLIST>

  <TR>
    <TD vAlign=top width="5%"><B>(a) </B></TD>
    <TD>
      <P align=justify><B>Name of Issuer:</B></P></TD></TR></TABLE>
<P style="MARGIN-LEFT: 5%" align=justify>The name of the issuer is North
American Energy Partners Inc. (the &#147;Company&#148;). </P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0 BCLLIST>

  <TR>
    <TD vAlign=top width="5%"><B>(b) </B></TD>
    <TD>
      <P align=justify><B>Address of Issuer&#146;s Principal Executive
      Offices:</B></P></TD></TR></TABLE>
<P style="MARGIN-LEFT: 5%" align=justify>The Company&#146;s principal executive
offices are located at Suite 300, 188178 Stony Plain Road, Edmonton, Alberta T5S
0C2 </P>
<P align=justify><B>Item 2. </B></P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0 BCLLIST>

  <TR>
    <TD vAlign=top width="5%"><B>(a) </B></TD>
    <TD>
      <P align=justify><B>Name of Person Filing:</B></P></TD></TR></TABLE>
<P style="MARGIN-LEFT: 5%" align=justify>This statement is filed by Polar Asset
Management Partners Inc., a company incorporated under the laws on Ontario,
Canada, which serves as the investment manager to Polar Opportunities Master
Fund, a Cayman Islands exempted company ("POMF&quot;), and Polar Micro-Cap Fund, an open-ended
investment trust created under the laws of the Province of Ontario pursuant to
the terms of the trust agreement dated as of January 31, 2014 (&#147;PMCF&#148;),
with respect to the Shares (as defined below) directly held by POMF and PMCF.</P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0 BCLLIST>

  <TR>
    <TD vAlign=top width="5%"><B>(b) </B></TD>
    <TD>
      <P align=justify><B>Address of Principal Business Office or, if None,
      Residence:</B></P></TD></TR></TABLE>
<P style="MARGIN-LEFT: 5%" align=justify>The address of the business office of
the Reporting Person is 401 Bay Street, Suite 1900, PO Box 19, Toronto, Ontario
M5H 2Y4, Canada.</P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0 BCLLIST>

  <TR>
    <TD vAlign=top width="5%"><B>(c) </B></TD>
    <TD>
      <P align=justify><B>Citizenship:</B></P></TD></TR></TABLE>
<P style="MARGIN-LEFT: 5%" align=justify>The citizenship of the Reporting Person
is Canada. </P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0 BCLLIST>

  <TR>
    <TD vAlign=top width="5%"><B>(d) </B></TD>
    <TD>
      <P align=justify><B>Title and Class of
Securities:</B></P></TD></TR></TABLE>
<P style="MARGIN-LEFT: 5%" align=justify>Common shares </P>
<P style="MARGIN-LEFT: 5%" align=justify><B>CUSIP No.: </B></P>
<P style="MARGIN-LEFT: 5%" align=justify>656844107 </P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD align=left ><B>Item 3. </B></TD>
    <TD align=left width="90%"><B>If this statement is filed pursuant to &#167;&#167;
      240.13d-1(b) or 240.13d-2(b) or (c), check whether the </B><B>person
      filing is a: </B></TD></TR></TABLE><BR>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0 BCLLIST>

  <TR>
    <TD width="5%"  >&nbsp;</TD>
    <TD vAlign=top width="5%" >(a) </TD>
    <TD width="5%" >
      <P align=justify>[_] </P></TD>
    <TD >Broker or dealer registered under Section 15 of the
    Act;&nbsp;</TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD width="5%" >&nbsp;</TD>
    <TD width="5%" >&nbsp;</TD>
    <TD >&nbsp;</TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD vAlign=top width="5%" >(b) </TD>
    <TD width="5%" >
      <P align=justify>[_] </P></TD>
    <TD >Bank as defined in Section 3(a)(6) of the
  Act;&nbsp;</TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD width="5%" >&nbsp;</TD>
    <TD width="5%" >&nbsp;</TD>
    <TD >&nbsp;</TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD vAlign=top width="5%" >(c) </TD>
    <TD width="5%" >
      <P align=justify>[_] </P></TD>
    <TD >Insurance company as defined in Section 3(a)(19) of the
      Act;&nbsp;</TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD width="5%" >&nbsp;</TD>
    <TD width="5%" >&nbsp;</TD>
    <TD >&nbsp;</TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD vAlign=top width="5%" >(d) </TD>
    <TD width="5%" >
      <P align=justify>[_] </P></TD>
    <TD >Investment company registered under Section 8 of the
      Investment Company Act of 1940;&nbsp;</TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD width="5%" >&nbsp;</TD>
    <TD width="5%" >&nbsp;</TD>
    <TD >&nbsp;</TD></TR>
  <TR>
    <TD width="5%" >&nbsp;</TD>
    <TD vAlign=top width="5%" >(e) </TD>
    <TD width="5%" >
      <P align=justify>[_] </P></TD>
    <TD >An investment adviser in accordance with Rule
      13d-1(b)(1)(ii)(E);&nbsp;</TD></TR></TABLE>
<P align=center>Page <B>3 </B>of <B>5 </B></P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_4></A>
<P align=center>SCHEDULE 13G </P>
<P align=justify><U>CUSIP No.&nbsp;&nbsp;&nbsp;&nbsp; <B>656844107 </B></U></P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0 BCLLIST>

  <TR>
    <TD vAlign=top width="5%"  >&nbsp;</TD>
    <TD vAlign=top width="5%" >(f) </TD>
    <TD vAlign=top width="5%" >
      <P align=justify>[_] </P></TD>
    <TD vAlign=top >An employee benefit plan or endowment fund in
      accordance with Rule 13d-1(b)(1)(ii)(F);&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="5%" >&nbsp;</TD>
    <TD vAlign=top width="5%" >&nbsp;</TD>
    <TD vAlign=top width="5%" >&nbsp;</TD>
    <TD vAlign=top >&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="5%" >&nbsp;</TD>
    <TD vAlign=top width="5%" >(g) </TD>
    <TD vAlign=top width="5%" >
      <P align=justify>[_] </P></TD>
    <TD vAlign=top >A parent holding company or control person in
      accordance with Rule 13d-1(b)(1)(ii)(G);&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="5%" >&nbsp;</TD>
    <TD vAlign=top width="5%" >&nbsp;</TD>
    <TD vAlign=top width="5%" >&nbsp;</TD>
    <TD vAlign=top >&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="5%" >&nbsp;</TD>
    <TD vAlign=top width="5%" >(h) </TD>
    <TD vAlign=top width="5%" >
      <P align=justify>[_] </P></TD>
    <TD vAlign=top >A savings associations as defined in Section
      3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="5%" >&nbsp;</TD>
    <TD vAlign=top width="5%" >&nbsp;</TD>
    <TD vAlign=top width="5%" >&nbsp;</TD>
    <TD vAlign=top >&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="5%" >&nbsp;</TD>
    <TD vAlign=top width="5%" >(i) </TD>
    <TD vAlign=top width="5%" >
      <P align=justify>[_] </P></TD>
    <TD vAlign=top >A church plan that is excluded from the
      definition of an investment company under section 3(c)(14) of the
      Investment Company Act of 1940;&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="5%" >&nbsp;</TD>
    <TD vAlign=top width="5%" >&nbsp;</TD>
    <TD vAlign=top width="5%" >&nbsp;</TD>
    <TD vAlign=top >&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="5%" >&nbsp;</TD>
    <TD vAlign=top width="5%" >(j) </TD>
    <TD vAlign=top width="5%" >
      <P align=justify>[X] </P></TD>
    <TD vAlign=top >A non-U.S. institution in accordance with
      Rule 240.13d-1(b)(1)(ii)(J);&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="5%" >&nbsp;</TD>
    <TD vAlign=top width="5%" >&nbsp;</TD>
    <TD vAlign=top width="5%" >&nbsp;</TD>
    <TD vAlign=top >&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="5%" >&nbsp;</TD>
    <TD vAlign=top width="5%" >(k) </TD>
    <TD vAlign=top width="5%" >
      <P align=justify>[_] </P></TD>
    <TD vAlign=top >Group, in accordance with Rule
      240.13d-1(b)(1)(ii)(K).&nbsp;</TD></TR></TABLE>
<P style="MARGIN-LEFT: 5%" align=justify>If filing as a non-U.S. institution in
accordance with Rule 240.13d -1(b)(1)(ii)(J), please specify the type of
institution: ____ </P>
<P style="MARGIN-LEFT: 5%" align=justify>The Reporting Person is an investment
fund manager registered with the Ontario Securities Commission and a
broker-dealer registered with the Investment Industry Regulatory Organization of
Canada.</P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD align=left ><B>Item 4. </B></TD>
    <TD align=left width="90%"
    ><STRONG>Ownership&nbsp;</STRONG>&nbsp;</TD></TR></TABLE>
<P style="MARGIN-LEFT: 10%" align=justify>The percentages used herein are
calculated based upon 33,528,901 Shares reported to be outstanding as of October
31, 2015 as reported on as set out in NOA&#146;s Management&#146;s Discussion and Analysis
for the three and nine months ended September 30, 2015. </P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD align=left ><B>Item 5. </B></TD>
    <TD align=left width="90%"><B>Ownership of Five Percent or Less of a
      Class. </B></TD></TR></TABLE>
<P style="MARGIN-LEFT: 10%" align=justify>If this statement is being filed to
report the fact that as of the date hereof the reporting person has ceased to be
the beneficial owner of more than five percent of the class of securities, check
the following [&nbsp;&nbsp; ]. </P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD align=left ><B>Item 6. </B></TD>
    <TD align=left width="90%"><B>Ownership of more than Five Percent on
      Behalf of Another Person. </B></TD></TR></TABLE>
<P style="MARGIN-LEFT: 10%" align=justify>POMF and PMCF have the right to
receive or the power to direct the receipt of dividends or the proceeds from the
sale of more than 5% of the Shares. </P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD align=left ><B>Item 7. </B></TD>
    <TD align=left width="90%"><B>Identification and classification of the
      subsidiary which acquired the security being reported on </B><B>by the
      parent holding company or control person. </B></TD></TR></TABLE>
<P style="MARGIN-LEFT: 10%" align=justify>Not Applicable </P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD align=left ><B>Item 8. </B></TD>
    <TD align=left width="90%"><B>Identification and classification of members
      of the group. </B></TD></TR></TABLE>
<P style="MARGIN-LEFT: 10%" align=justify>Not Applicable </P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD align=left ><B>Item 9. </B></TD>
    <TD align=left width="90%"><B>Notice of Dissolution of Group.
  </B></TD></TR></TABLE>
<P style="MARGIN-LEFT: 10%" align=justify>Not Applicable </P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD align=left ><B>Item 10. </B></TD>
    <TD align=left width="90%"><B>Certifications. </B></TD></TR></TABLE>
<P style="MARGIN-LEFT: 10%" align=justify>By signing below the Reporting Peron
certifies that, to the best of its knowledge and belief, (i) the securities
referred to above were acquired and are held in the ordinary course of business
and were not acquired and are not held for the purpose of or with the effect of
changing or influencing the control of the issuer of the securities and were not acquired
and are not held in connection with or as a participant in any transaction
having that purpose or effect and (ii) the foreign regulatory schemes applicable
to investment fund managers and broker-dealers are substantially comparable to
the regulatory schemes applicable to the functionally equivalent U.S.
institutions. The Reporting Person also undertakes to furnish to the Commission
staff, upon request, information that would otherwise be disclosed in a Schedule
13D. </P>
<P align=center>Page <B>4 </B>of <B>5 </B></P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_5></A>
<P align=center>SCHEDULE 13G </P>
<P align=justify><U>CUSIP No.&nbsp;&nbsp;&nbsp; &nbsp;<B>656844107 </B></U></P>
<P align=center><B>SIGNATURE </B></P>
<P align=justify>After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct. </P>
<P align=justify>Dated: December 10, 2015 </P>
<P align=justify>POLAR ASSET MANAGEMENT PARTNERS INC. </P>
<DIV align=left>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="25%" border=0>

  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left colSpan=2><I>/s/
      Robyn Schultz </I></TD></TR>
  <TR vAlign=top>
    <TD align=left >Name: </TD>
    <TD align=left width="80%">Robyn Schultz </TD></TR>
  <TR vAlign=top>
    <TD align=left >Title: </TD>
    <TD align=left width="80%">Chief Compliance Officer
</TD></TR></TABLE></DIV>
<P align=center>Page <B>5 </B>of <B>5 </B></P>
<HR align=center width="100%" color=black noShade SIZE=5>

</BODY>

</HTML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
