<SEC-DOCUMENT>0001062993-17-000592.txt : 20170208
<SEC-HEADER>0001062993-17-000592.hdr.sgml : 20170208
<ACCEPTANCE-DATETIME>20170208164626
ACCESSION NUMBER:		0001062993-17-000592
CONFORMED SUBMISSION TYPE:	SC 13G/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20170208
DATE AS OF CHANGE:		20170208

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/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-82223
		FILM NUMBER:		17583129

	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/A

	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/A
<SEQUENCE>1
<FILENAME>sch13ga_naep.htm
<DESCRIPTION>SC 13G/A
<TEXT>
<HTML>
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   <TITLE>Polar Asset Management Partners Inc.: Form SC 13G/A - Filed by newsfilecorp.com</TITLE>
   <META name="HandheldFriendly" content="true">
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<A name=page_1></A>
<P align=center><B><FONT size=5>UNITED STATES </FONT></B><BR><B><FONT
size=5>SECURITIES AND EXCHANGE COMMISSION</FONT></B><B> </B><BR><B>Washington,
D.C. 20549</B></P>
<P align=center><B><FONT size=5>SCHEDULE 13G/A </FONT></B></P>
<P align=center>Under the Securities Exchange Act of 1934 </P>
<P align=center>(Amendment No. 3)* </P>
<P align=center><B><U><FONT size=5>North American Energy Partners Inc.
</FONT></U></B><BR>(Name of Issuer)</P>
<P align=center><B><U>Common Shares </U></B><BR>(Title of Class of
Securities)</P>
<P align=center><B><U>656844107 </U></B><BR>(CUSIP Number)</P>
<P align=center><u><b>December</b></u><B><U> 31, 2016 </U></B><BR>(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] Rule 13d-1(b) </P>
<P style="MARGIN-LEFT: 5%" align=justify>[&nbsp;&nbsp; ] Rule 13d-1(c) </P>
<P style="MARGIN-LEFT: 5%" align=justify>[&nbsp;&nbsp; ] Rule 13d-1(d) </P>
<P align=center>(Page 1 of 6 Pages) </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>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
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<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"
    align=left><B>CUSIP No.</B> <B>656844107</B> </TD>
    <TD align=center width="20%"><B>13G/A</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="40%"><B>Page 2 of 6 Pages</B> </TD></TR></TABLE><BR>
<DIV>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
borderColor=#000000 cellSpacing=0 cellPadding=3 width="100%" border=1>

  <TR vAlign=top>
    <TD align=left><B>1</B> </TD>
    <TD align=left width="95%" colSpan=3>
      <P><B>Names of Reporting Persons</B> </P>
      <P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Polar Asset
      Management Partners Inc. </P></TD></TR>
  <TR vAlign=top>
    <TD align=left><B>2</B> </TD>
    <TD align=left width="95%" colSpan=3>
      <P><B>Check the appropriate box if a member of a Group (see
      instructions)</B> </P>
      <P>&nbsp;&nbsp;&nbsp;&nbsp; (a) [&nbsp; &nbsp;]
      <BR>&nbsp;&nbsp;&nbsp;&nbsp; (b) [&nbsp; &nbsp;] </P></TD></TR>
  <TR vAlign=top>
    <TD align=left><B>3</B> </TD>
    <TD align=left width="95%" colSpan=3><B>Sec Use Only</B> </TD></TR>
  <TR vAlign=top>
    <TD align=left><B>4</B> </TD>
    <TD align=left width="95%" colSpan=3>
      <P><B>Citizenship or Place of Organization</B> </P>
      <P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Canada
</P></TD></TR>
  <TR vAlign=top>
    <TD vAlign=middle align=center colSpan=2 rowSpan=4><B>Number of</B>
      <BR><B>Shares</B> <BR><B>Beneficially</B> <BR><STRONG>Owned by
      Each</STRONG> <BR><STRONG>Reporting Person</STRONG> <BR><B>With:</B></TD>
    <TD align=left width="5%"><B>5</B> </TD>
    <TD align=left width="85%">
      <P><B>Sole Voting Power</B> </P>
      <P>1,025,000</P></TD></TR>
  <TR vAlign=top>
    <TD align=left width="5%"><B>6</B> </TD>
    <TD align=left width="85%">
      <P><B>Shared Voting Power</B> </P>
      <P>0 </P></TD></TR>
  <TR vAlign=top>
    <TD align=left width="5%"><B>7</B> </TD>
    <TD align=left width="85%">
      <P><B>Sole Dispositive Power</B> </P>
      <P>1,025,000</P></TD></TR>
  <TR vAlign=top>
    <TD align=left width="5%"><B>8</B> </TD>
    <TD align=left width="85%">
      <P><B>Shared Dispositive Power</B> </P>
      <P>0 </P></TD></TR>
  <TR vAlign=top>
    <TD align=left><B>9</B> </TD>
    <TD align=left width="95%" colSpan=3>
      <P><B>Aggregate Amount Beneficially Owned by Each Reporting Person</B>
</P>
      <P>1,025,000</P></TD></TR>
  <TR vAlign=top>
    <TD align=left><B>10</B> </TD>
    <TD align=left width="95%" colSpan=3>
      <P><B>Check box if the aggregate amount in row (9) excludes certain shares
      (See Instructions)</B> </P>
      <P>[&nbsp;&nbsp; ] </P></TD></TR>
  <TR vAlign=top>
    <TD align=left><B>11</B> </TD>
    <TD align=left width="95%" colSpan=3>
      <P><B>Percent of class represented by amount in row (9)</B> </P>
      <P>3.34% </P></TD></TR>
  <TR vAlign=top>
    <TD align=left><B>12</B> </TD>
    <TD align=left width="95%" colSpan=3>
      <P><B>Type of Reporting Person (See Instructions)</B> </P>
      <P>IA </P></TD></TR></TABLE></DIV><BR>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
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<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"
    align=left><B>CUSIP No.</B> <B>656844107</B> </TD>
    <TD align=center width="20%"><B>13G/A</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="40%"><B>Page 3 of 6 Pages</B> </TD></TR></TABLE>
<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>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%"></TD>
    <TD>
      <P align=justify>The name of the issuer is North American Energy Partners
      Inc. (the &#147;<U>Company</U>&#148;).</P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <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>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%"></TD>
    <TD>
      <P align=justify>The Company&#146;s principal executive offices are located at
      Suite 300, 18817 Stony Plain Road, Edmonton, Alberta T5S
  0C2.</P></TD></TR></TABLE>
<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>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%"></TD>
    <TD>
      <P 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 advisor to 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;<U>PMCF</U>&#148;), with respect to the Shares directly held by
      PMCF.</P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%"></TD>
    <TD>
      <P align=justify>The filing of this statement should not be construed as
      an admission that the Reporting Person is, for the purposes of Section 13
      of the Act, the beneficial owner of the Shares reported herein.</P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <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>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%"></TD>
    <TD>
      <P 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></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="5%"><B>(c)</B> </TD>
    <TD>
      <P align=justify><B>Citizenship:</B></P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%"></TD>
    <TD>
      <P align=justify>The citizenship of the Reporting Person is set forth
      above.</P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="5%"><B>(d)</B> </TD>
    <TD>
      <P align=justify><B>Title and Class of Securities:</B></P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%"></TD>
    <TD>
      <P align=justify>Common shares ("<U>Shares</U>")</P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="5%"><B>(e)</B> </TD>
    <TD>
      <P align=justify><B>CUSIP No.:</B></P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD width="5%"></TD>
    <TD>
      <P align=justify>656844107</P></TD></TR></TABLE><BR>
<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 >
      <P align=justify><B>Item 3.</B> </P></TD>
    <TD align=left width="90%">
      <P align=justify><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>
      </P></TD></TR></TABLE><BR>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD width="5%"  >&nbsp;</TD>
    <TD align=left >(a) </TD>
    <TD align=left width="5%" >[_] </TD>
    <TD align=left width="85%">Broker or dealer registered under Section 15 of
      the Act; </TD></TR></TABLE>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD width="5%"  >
      &nbsp;</TD>
    <TD align=left >
      &nbsp;</TD>
    <TD align=left width="5%" >
      &nbsp;</TD>
    <TD align=left width="85%">
      &nbsp;</TD></TR>

  <TR vAlign=top>
    <TD width="5%"  >
      <P align=justify>&nbsp;</P></TD>
    <TD align=left >
      <P align=justify>(b) </P></TD>
    <TD align=left width="5%" >
      <P align=justify>[_] </P></TD>
    <TD align=left width="85%">
      <P align=justify>Bank as defined in Section 3(a)(6) of the Act; </P></TD></TR>
  <TR vAlign=top>
    <TD width="5%" >
      &nbsp;</TD>
    <TD align=left >
      &nbsp;</TD>
    <TD align=left width="5%" >
      &nbsp;</TD>
    <TD align=left width="85%">
      &nbsp;</TD></TR>
  <TR vAlign=top>
    <TD width="5%" >
      <P align=justify>&nbsp;</P></TD>
    <TD align=left >
      <P align=justify>(c) </P></TD>
    <TD align=left width="5%" >
      <P align=justify>[_] </P></TD>
    <TD align=left width="85%">
      <P align=justify>Insurance company as defined in Section 3(a)(19) of the
      Act; </P></TD></TR>
  <TR vAlign=top>
    <TD width="5%" >
      &nbsp;</TD>
    <TD align=left >
      &nbsp;</TD>
    <TD align=left width="5%" >
      &nbsp;</TD>
    <TD align=left width="85%">
      &nbsp;</TD></TR>
  <TR vAlign=top>
    <TD width="5%" >
      <P align=justify>&nbsp;</P></TD>
    <TD align=left >
      <P align=justify>(d) </P></TD>
    <TD align=left width="5%" >
      <P align=justify>[_] </P></TD>
    <TD align=left width="85%">
      <P align=justify>Investment company registered under Section 8 of the
      Investment Company Act of 1940; </P></TD></TR>
  </TABLE>
<BR>
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noShade SIZE=5>
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<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"
    align=left><B>CUSIP No.</B> <B>656844107</B> </TD>
    <TD align=center width="20%"><B>13G/A</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="40%"><B>Page 4 of 6 Pages</B> </TD></TR></TABLE><BR>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD width="5%" >
      <P align=justify>&nbsp;</P></TD>
    <TD align=left >
      <P align=justify>(e) </P></TD>
    <TD align=left width="5%" >
      <P align=justify>[_] </P></TD>
    <TD align=left width="85%">
      <P align=justify>An investment adviser in accordance with Rule
      13d-1(b)(1)(ii)(E); </P></TD></TR>
  <TR vAlign=top>
    <TD width="5%" >
      &nbsp;</TD>
    <TD align=left >
      &nbsp;</TD>
    <TD align=left width="5%" >
      &nbsp;</TD>
    <TD align=left width="85%">
      &nbsp;</TD></TR>
  <TR vAlign=top>
    <TD width="5%" >
      <P align=justify>&nbsp;</P></TD>
    <TD align=left >
      <P align=justify>(f) </P></TD>
    <TD align=left width="5%" >
      <P align=justify>[_] </P></TD>
    <TD align=left width="85%">
      <P align=justify>An employee benefit plan or endowment fund in accordance
      with Rule 13d-1(b)(1)(ii)(F); </P></TD></TR>
  <TR vAlign=top>
    <TD width="5%" >
      &nbsp;</TD>
    <TD align=left >
      &nbsp;</TD>
    <TD align=left width="5%" >
      &nbsp;</TD>
    <TD align=left width="85%">
      &nbsp;</TD></TR>
  <TR vAlign=top>
    <TD width="5%" >
      <P align=justify>&nbsp;</P></TD>
    <TD align=left >
      <P align=justify>(g) </P></TD>
    <TD align=left width="5%" >
      <P align=justify>[_] </P></TD>
    <TD align=left width="85%">
      <P align=justify>A parent holding company or control person in accordance
      with Rule 13d-1(b)(1)(ii)(G); </P></TD></TR>
  <TR vAlign=top>
    <TD width="5%" >
      &nbsp;</TD>
    <TD align=left >
      &nbsp;</TD>
    <TD align=left width="5%" >
      &nbsp;</TD>
    <TD align=left width="85%">
      &nbsp;</TD></TR>
  <TR vAlign=top>
    <TD width="5%" >
      <P align=justify>&nbsp;</P></TD>
    <TD align=left >
      <P align=justify>(h) </P></TD>
    <TD align=left width="5%" >
      <P align=justify>[_] </P></TD>
    <TD align=left width="85%">
      <P align=justify>A savings associations as defined in Section 3(b) of the
      Federal Deposit Insurance Act (12 U.S.C. 1813); </P></TD></TR>
  <TR vAlign=top>
    <TD width="5%" >
      &nbsp;</TD>
    <TD align=left >
      &nbsp;</TD>
    <TD align=left width="5%" >
      &nbsp;</TD>
    <TD align=left width="85%">
      &nbsp;</TD></TR>
  <TR vAlign=top>
    <TD width="5%" >
      <P align=justify>&nbsp;</P></TD>
    <TD align=left >
      <P align=justify>(i) </P></TD>
    <TD align=left width="5%" >
      <P align=justify>[_] </P></TD>
    <TD align=left width="85%">
      <P align=justify>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; </P></TD></TR>
  <TR vAlign=top>
    <TD width="5%" >
      &nbsp;</TD>
    <TD align=left >
      &nbsp;</TD>
    <TD align=left width="5%" >
      &nbsp;</TD>
    <TD align=left width="85%">
      &nbsp;</TD></TR>
  <TR vAlign=top>
    <TD width="5%" >
      <P align=justify>&nbsp;</P></TD>
    <TD align=left >
      <P align=justify>(j) </P></TD>
    <TD align=left width="5%" >
      <P align=justify>[X] </P></TD>
    <TD align=left width="85%">
      <P align=justify>A non-U.S. institution in accordance with Rule
      240.13d-1(b)(1)(ii)(J); </P></TD></TR>
  <TR vAlign=top>
    <TD width="5%" >
      &nbsp;</TD>
    <TD align=left >
      &nbsp;</TD>
    <TD align=left width="5%" >
      &nbsp;</TD>
    <TD align=left width="85%">
      &nbsp;</TD></TR>
  <TR vAlign=top>
    <TD width="5%" >
      <P align=justify>&nbsp;</P></TD>
    <TD align=left >
      <P align=justify>(k) </P></TD>
    <TD align=left width="5%" >
      <P align=justify>[_] </P></TD>
    <TD align=left width="85%">
      <P align=justify>Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
      </P></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
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  <TR vAlign=top>
    <TD align=left ><B>Item 4. </B></TD>
    <TD align=left width="90%" ><STRONG>Ownership</STRONG>
  </TD></TR></TABLE>
<P style="MARGIN-LEFT: 10%" align=justify>The percentages used herein are
calculated based upon 30,717,807 Shares reported to be outstanding as of October
31, 2016 in the Company&#146;s Report of Foreign Private Issuer on Form 6-K filed by
the Company with the Securities and Exchange Commission on November 1, 2016.</P>
<P style="MARGIN-LEFT: 10%" align=justify>The information required by Items 4(a)
- (c) is set forth in Rows 5 - 11 of the cover page for the Reporting Person and
is incorporated herein by reference. </P>
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  <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 [X].</P>
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  <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>Not Applicable. </P>
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  <TR vAlign=top>
    <TD align=left >
      <P align=justify><B>Item 7.</B> </P></TD>
    <TD align=left width="90%">
      <P align=justify><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> </P></TD></TR></TABLE>
<P style="MARGIN-LEFT: 10%" align=justify>Not Applicable. </P>
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  <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>
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<!--$$/page=--><A name=page_5></A><BR>
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  <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>CUSIP No.</B> <B>656844107</B> </TD>
    <TD align=center width="20%"><B>13G/A</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=right width="40%"><B>Page 5 of 6 Pages</B> </TD></TR></TABLE><BR>
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  <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>
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  <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 Person
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=justify><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: February 8, 2017</P>
<P align=justify>POLAR ASSET MANAGEMENT PARTNERS INC. </P>
<DIV>
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  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left colSpan=2><I>/s/
      Jennifer Schwartz</I> </TD></TR>
  <TR vAlign=top>
    <TD align=left >Name: </TD>
    <TD align=left width="90%">Jennifer Schwartz </TD></TR>
  <TR vAlign=top>
    <TD align=left >Title: </TD>
    <TD align=left width="90%">VP, Legal &amp; Compliance
</TD></TR></TABLE></DIV><BR>
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