UNITED STATES
SECURITIES & EXCHANGE COMMISSION
Washington, D.C. 20549
----------------------
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 3)*
Neptune Technologies & Bioressources Inc.
(Name of Issuer)
Common Shares
(Title of Class of Securities)
64077P108
(CUSIP Number)
December 31, 2009
(Date of event which requires filing of this statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule 13G is filed:
[ ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[ ] Rule 13d-1(d)
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*The remainder of this cover page shall be filled out for a reporting
person'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.
The information required in the remainder of this cover page shall not be
deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act
of 1934 ("Act") 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
Notes).
CUSIP No. 64077P108 13G Page 2 of 10 Pages
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(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Northern Rivers Capital Management Inc.
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [X]
(b) [ ]
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(3) SEC USE ONLY
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(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Canada
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NUMBER OF (5) SOLE VOTING POWER
0
SHARES
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BENEFICIALLY (6) SHARED VOTING POWER
6,472,665
OWNED BY
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EACH (7) SOLE DISPOSITIVE POWER
0
REPORTING
----------------------------------------------------------------
PERSON WITH (8) SHARED DISPOSITIVE POWER
6,472,665
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(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
6,472,665
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(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES **
[ ]
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(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
17.2%
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(12) TYPE OF REPORTING PERSON **
CO
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** SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 64077P108 13G Page 3 of 10 Pages
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(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Northern Rivers Innovation Fund LP
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [X]
(b) [ ]
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(3) SEC USE ONLY
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(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Ontario, Canada
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NUMBER OF (5) SOLE VOTING POWER
0
SHARES
----------------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
5,935,200
OWNED BY
----------------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER
0
REPORTING
----------------------------------------------------------------
PERSON WITH (8) SHARED DISPOSITIVE POWER
5,935,200
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(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
5,935,200
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(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES **
[ ]
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(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
15.8%
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(12) TYPE OF REPORTING PERSON **
PN
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** SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 64077P108 13G Page 4 of 10 Pages
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(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Northern Rivers Innovation RSP Fund
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [X]
(b) [ ]
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(3) SEC USE ONLY
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(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Ontario, Canada
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NUMBER OF (5) SOLE VOTING POWER
0
SHARES
----------------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
237,665
OWNED BY
----------------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER
0
REPORTING
----------------------------------------------------------------
PERSON WITH (8) SHARED DISPOSITIVE POWER
237,665
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(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
237,665
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(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES **
[ ]
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(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
0.6%
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(12) TYPE OF REPORTING PERSON **
OO
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** SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 64077P108 13G Page 5 of 10 Pages
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(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Northern Rivers Conservative Growth Fund LP
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [X]
(b) [ ]
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(3) SEC USE ONLY
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(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Ontario, Canada
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NUMBER OF (5) SOLE VOTING POWER
0
SHARES
----------------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
183,800
OWNED BY
----------------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER
0
REPORTING
----------------------------------------------------------------
PERSON WITH (8) SHARED DISPOSITIVE POWER
183,800
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(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
183,800
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(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES **
[ ]
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(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
0.5%
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(12) TYPE OF REPORTING PERSON **
PN
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** SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 64077P108 13G Page 6 of 10 Pages
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(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Northern Rivers Conservative Growth Fund
-------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [X]
(b) [ ]
-------------------------------------------------------------------------------
(3) SEC USE ONLY
-------------------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Ontario, Canada
-------------------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER
0
SHARES
----------------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
116,000
OWNED BY
----------------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER
0
REPORTING
----------------------------------------------------------------
PERSON WITH (8) SHARED DISPOSITIVE POWER
116,000
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(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
116,000
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(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES **
[ ]
-------------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
0.3%
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(12) TYPE OF REPORTING PERSON **
OO
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** SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 64077P108 13G Page 7 of 10 Pages
Item 1.
(a) Name of Issuer
Neptune Technologies & Bioressources Inc.(the "Company").
(b) Address of Issuer's Principal Executive Offices
225 Promenade du Centropolis
Suite 200
Laval, Quebec
Canada H7T 0B3
Item 2(a). Name of Person Filing
Northern Rivers Capital Management Inc., ("NRCMI") with respect to the
shares of Common Shares directly owned by NRIF, NRIRF, NRCGF and NRCGMF.
Northern Rivers Innovation Fund LP, ("NRIF") with respect to the shares of
Common Shares directly owned by it.
Northern Rivers Innovation RSP Fund ("NRIRF") with respect to the shares of
Common Shares directly owned by it.
Northern Rivers Conservative Growth Fund LP ("NRCGF") with respect to the
shares of Common Shares directly owned by it.
Northern Rivers Conservative Growth Fund ("NRCGMF") with respect to the
shares of Common Shares directly owned by it.
NRCMI, NRIF, NRIRF, NRCGF and NRCGMF are sometimes hereinafter referred to
collectively as the "Reporting Persons".
Item 2(b). Address of Principal Business Office
The address of the business office of each of NRCMI, NRIF, NRIRF, NRCGF and
NRCGMF is Royal Bank Plaza, North Tower, Suite 2000, P.O. Box 66, 200 Bay
Street, Toronto, Ontario M5J2J2.
Item 2(c). Citizenship
NRCMI is a corporation organized under the laws of Canada. NRIF, NRCGF and
NRCGMF are limited partnerships organized under the laws of Ontario, Canada.
NRIRF is a RSP trust organized under the laws of Ontario, Canada.
Item 2(d) Title of Class of Securities
Common Shares ("Common Shares")
CUSIP No. 64077P108 13G Page 8 of 10 Pages
Item 2(e) CUSIP Number 64077P108
Item 3. If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b) or
(c), check whether the person filing is a:
(a) [ ] Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o).
(b) [ ] Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c).
(c) [ ] Insurance company as defined in Section 3(a)(19) of the Act
(15 U.S.C. 78c).
(d) [ ] Investment company registered under Section 8 of the Investment
Company Act of 1940 (15 U.S.C. 80a-8).
(e) [ ] An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);
(f) [ ] An employee benefit plan or endowment fund in accordance with
Rule 13d-1(b)(1)(ii)(F);
(g) [ ] A parent holding company or control person in accordance with
Rule 13d-1(b)(1)(ii)(G);
(h) [ ] A savings association as defined in Section 3(b) of the Federal
Deposit Insurance Act (12 U.S.C. 1813);
(i) [ ] 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
(15 U.S.C. 80a-3);
(j) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
Item 4. Ownership
Provide the following information regarding the aggregate number and
percentage of the class of securities of the issuer identified in Item 1.
(a) Amount beneficially owned:
Collectively, as of December 31, 2009, the Reporting Persons may be deemed
the beneficial owners of a total of 6,472,665 Common Shares. NRCMI is engaged to
provide investment advisory services to the Northern Rivers funds, to act as
principal distributor of the units of the funds and has voting and dispositive
power over the securities held by NRIF, NRIRF, NRCGF, and NRCGMF. In addition
the Reporting Persons may be deemed beneficial owners of Common Shares held
personally by two fund managers, Hugh Cleland (83,500 shares) and Alexander Ruus
(230,600 shares). Each of the Reporting Persons expressly disclaims beneficial
ownership of Common Shares held personally by Messrs Cleland and Ruus.
(b) Percent of class:
CUSIP No. 64077P108 13G Page 9 of 10 Pages
Approximately 17.2% as of December 31, 2009. (Based on the Company's Form
20-F/A filed November 23, 2009, there were 37,683,421 shares of Common Shares
issued and outstanding as of February 28, 2009.)
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote
0
(ii) Shared power to vote or to direct the vote 6,472,665 shares
of Common Shares.
(iii) Sole power to dispose or to direct the disposition of
0
(iv) Shared power to dispose or to direct the disposition of
6,472,665 shares of Common Shares.
Item 5. Ownership of Five Percent or Less of a Class
Not applicable.
Item 6. Ownership of More than Five Percent on Behalf of Another Person
Not applicable.
Item 7. Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on by the Parent Holding Company or Control Person
Not applicable.
Item 8. Identification and Classification of Members of the Group
Please See Item 2
Item 9. Notice of Dissolution of Group
Not applicable.
Item 10. Certification
By signing below each of the undersigned certifies that, to the best
of its knowledge and belief, the securities referred to above 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.
CUSIP No. 64077P108 13G Page 10 of 10 Pages
SIGNATURES
After reasonable inquiry and to the best of its knowledge and belief,
each of the undersigned certifies that the information with respect to it set
forth in this statement is true, complete, and correct.
Dated: February 12, 2010
NORTHERN RIVERS CAPITAL MANAGEMENT INC.
By: /s/ Scott Laskey
-------------------------
Name: Scott Laskey
Title: Chief Financial Officer
NORTHERN RIVERS INNOVATION FUND LP
By: Northern Rivers Capital Management Inc.
By: /s/ Scott Laskey
-------------------------
Name: Scott Laskey
Title: Chief Financial Officer
NORTHERN RIVERS INNOVATION RSP FUND
By: Northern Rivers Capital Management Inc.
By: /s/ Scott Laskey
-------------------------
Name: Scott Laskey
Title: Chief Financial Officer
NORTHERN RIVERS CONSERVATIVE GROWTH FUND LP
By: Northern Rivers Capital Management Inc.
By: /s/ Scott Laskey
-------------------------
Name: Scott Laskey
Title: Chief Financial Officer
NORTHERN RIVERS CONSERVATIVE GROWTH FUND
By: Northern Rivers Capital Management Inc.
By: /s/ Scott Laskey
-------------------------
Name: Scott Laskey
Title: Chief Financial Officer