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North American Energy Partners Inc.
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(Name of Issuer)
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Common Shares
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(Title of Class of Securities)
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656844107
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(CUSIP Number)
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December 31, 2017
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(Date of Event Which Requires Filing of this Statement)
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CUSIP No. 656844107
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13G
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Page 2 of 5 Pages
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1.
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NAME OF REPORTING PERSON
Claret Asset Management Corporation
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2.
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a) ☐
(b) ☐ |
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3.
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SEC USE ONLY
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4.
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CITIZENSHIP OR PLACE OF ORGANIZATION
Canada |
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NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH:
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5.
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SOLE VOTING POWER
2,713,977 |
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6.
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SHARED VOTING POWER
— |
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7.
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SOLE DISPOSITIVE POWER
2,713,977 |
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8.
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SHARED DISPOSITIVE POWER
— |
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9.
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,713,977 |
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10.
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ☐
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11.
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.67% |
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12.
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TYPE OF REPORTING PERSON
IA |
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CUSIP No. 656844107
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13G
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Page 3 of 5 Pages
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Item 1(a).
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Name of Issuer:
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North American Energy Partners Inc.
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Item 1(b).
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Address of Issuer’s Principal Executive Offices:
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26550 Acheson Road, Acheson, Alberta, T7X 6B2
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Item 2(a).
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Name of Person Filing:
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Claret Asset Management Corporation (“CAMC”)
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Item 2(b).
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Address of Principal Business Office or, if none, Residence:
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2000 McGill College Avenue, Suite 1150, Montreal, Quebec, Canada H3A 3N4
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Item 2(c).
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Citizenship:
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Quebec, Canada
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Item 2(d).
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Title of Class of Securities:
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Common Shares
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Item 2(e).
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CUSIP Number:
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656844107
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Item 3.
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If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), indicate type of person filing.
ý An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E)
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Item 4.
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Ownership.
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(a)
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Amount beneficially owned: 2,713,977
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(b)
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Percent of class: 9.67%
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(c)
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Number of shares as to which such person has:
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(i) Sole power to vote or direct the vote: 2,713,977
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(ii) Shared power to vote or direct the vote: —
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(iii) Sole power to dispose or to direct the disposition of: 2,713,977
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(iv) Shared power to dispose or to direct the disposition of: —
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Percent of class is based on (i) the number of common shares that may be deemed to be beneficially owned by CAMC as of December 31, 2017 and (ii) the number of common shares outstanding as of December 31, 2017 (28,070,150 shares) as reported by the Issuer in its Form 40-F filed with the Securities and Exchange Commission on February 13, 2018.
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Item 5.
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Ownership of Five Percent or Less of a Class.
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Not applicable.
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CUSIP No. 656844107
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13G
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Page 4 of 5 Pages
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Item 6.
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Ownership of More than Five Percent on Behalf of Another Person.
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Other persons have the right to receive proceeds from the sale of securities reflected herein.
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Item 7.
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Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
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Not applicable.
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Item 8.
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Identification and Classification of Members of the Group.
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Not applicable.
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Item 9.
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Notice of Dissolution of Group.
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Not applicable.
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Item 10.
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Certifications.
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By signing below, the undersigned certifies that, to the best of its knowledge and belief, the securities referred to above were acquired and 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.
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Date: 03/27/2018
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Claret Asset Management Corporation
By: /s/Monique Gravel
Name: Monique Gravel
Title: Chief Executive Officer
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