SECURITIES AND EXCHANGE COMMISSION
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Washington, D.C. 20549
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SCHEDULE 13G/A
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Under the Securities Exchange Act of 1934
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(Amendment No. 2)*
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Lone Oak Acquisition Corporation
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(Name of Issuer)
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Ordinary Shares, $0.001 Par Value
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(Title of Class of Securities)
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G5693V113
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(CUSIP Number)
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June 6, 2012
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(Date of event which requires filing of this statement)
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Check the appropriate box to designate the rule pursuant to which this Schedule 13G/A is filed:
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¨
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Rule 13d-1(b)
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x
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Rule 13d-1(c)
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¨
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Rule 13d-1(d)
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(Page 1 of 7 Pages)
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CUSIP No. G5693V113
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13G/A
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Page 2 of 7 Pages
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1
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NAMES OF REPORTING PERSONS
Polar Securities Inc.
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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) x
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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
-0-
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6
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SHARED VOTING POWER
506,601
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7
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SOLE DISPOSITIVE POWER
-0-
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8
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SHARED DISPOSITIVE POWER
506,601
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
506,601
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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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¨
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11.3%
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12
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TYPE OF REPORTING PERSON
IA
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CUSIP No. G5693V113
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13G/A
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Page 3 of 7 Pages
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1
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NAMES OF REPORTING PERSONS
North Pole Capital Master Fund
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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) x
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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
Cayman Islands
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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
-0-
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6
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SHARED VOTING POWER
506,601
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7
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SOLE DISPOSITIVE POWER
-0-
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8
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SHARED DISPOSITIVE POWER
506,601
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
506,601
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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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¨
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11.3%
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12
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TYPE OF REPORTING PERSON
CO
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CUSIP No. G5693V113
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13G/A
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Page 4 of 7 Pages
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This Amendment No. 2 (this "Amendment") amends the statement on Schedule 13G filed on March 31, 2011, (as amended, the "Schedule 13G") with respect to shares of Common Stock; par value $0.001 per share (the "Shares") of the Company. Capitalized terms not otherwise defined in this Amendment have the meanings set forth in the Schedule 13G.
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Item 1 (a).
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NAME OF ISSUER:
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The name of the issuer is Lone Oak Acquisition Corporation (the "Company").
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Item 1(b).
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ADDRESS OF ISSUER’S PRINCIPAL EXECUTIVE OFFICES:
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The Company’s principal executive offices are located at 16 Fenwick Street, Unit 1004, East Town Building, Wanchai, Hong Kong K3, 00000
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Item 2 (a).
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NAME OF PERSON FILING:
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This statement is filed by:
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(i)
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North Pole Capital Master Fund ("North Pole"), a Cayman Islands exempted company, with respect to the Shares (defined in item 2(d) below) reported in this Schedule 13G/A directly beneficially owned by it; and
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(ii)
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Polar Securities Inc. (“Polar Securities”), a company incorporated under the laws on Ontario, Canada, serving as investment advisor to North Pole with respect to the Shares reported in this Schedule 13G/A directly beneficially owned by North Pole.
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The foregoing persons are hereinafter sometimes collectively referred to as the "Reporting Persons."
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Item 2(b).
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ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
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The address of the business office of each of the Reporting Persons is 372 Bay Street, 21st floor, Toronto, Ontario M5H 2W9, Canada.
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Item 2(c).
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CITIZENSHIP:
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The citizenship of each of the Reporting Persons is set forth above.
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Item 2(d).
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TITLE OF CLASS OF SECURITIES:
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Ordinary Shares, $0.001 Par Value (the "Shares")
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Item 2(e).
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CUSIP NUMBER:
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G5693V113
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CUSIP No. G5693V113
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13G/A
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Page 5 of 7 Pages
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Item 3.
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IF THIS STATEMENT IS FILED PURSUANT TO RULES 13d-1(b) OR 13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A:
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(a)
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Broker or dealer registered under Section 15 of the Act,
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(b)
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Bank as defined in Section 3(a)(6) of the Act,
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(c)
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Insurance Company as defined in Section 3(a)(19) of the Act,
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(d)
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Investment company registered under Section 8 of the Investment Company Act of 1940;
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(e)
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An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);
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(f)
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An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F);
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(g)
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A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G);
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(h)
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A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act;
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(i)
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A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act;
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(j)
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A non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J);
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(k)
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Group, in accordance with Rule 13d-1(b)(1)(ii)(K).
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If filing as a non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J), please
specify the type of institution:_______________________
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Item 4.
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OWNERSHIP.
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The percentages used herein are calculated based upon 4,468,125 Shares reported to be outstanding as of December 31, 2011, as reported in the Form 20-F filed by the Company on May 15, 2012.
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A. |
Polar Securities
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(a)
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Amount beneficially owned: 506,601
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(b)
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Percent of class: 11.3%
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(c)
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(i)
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Sole power to vote or direct the vote: 0
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(ii)
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Shared power to vote or direct the vote: 506,601 Shares
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(iii)
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Sole power to dispose or direct the disposition: 0
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(iv)
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Shared power to dispose or direct the disposition of: 506,601 Shares
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B.
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North Pole
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(a)
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Amount beneficially owned: 506,601
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(b)
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Percent of class: 11.3%
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(c)
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(i)
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Sole power to vote or direct the vote: 0
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(ii)
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Shared power to vote or direct the vote: 506,601 Shares
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(iii)
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Sole power to dispose or direct the disposition: 0
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(iv)
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Shared power to dispose or direct the disposition: 506,601 Shares
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CUSIP No. G5693V113
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13G/A
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Page 6 of 7 Pages
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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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Item 6.
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OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
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Not applicable
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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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CERTIFICATION.
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Each of the Reporting Persons hereby makes the following certification:
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By signing below each Reporting Person certifies that, to the best of his or 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.
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CUSIP No. G5693V113
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13G/A
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Page 7 of 7 Pages
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Polar Securities Inc.
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/s/ Paul Sabourin
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Paul Sabourin
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Chief Investment Officer
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North Pole Capital Master Fund
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By: Polar Securities Inc.
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/s/ Paul Sabourin
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Paul Sabourin
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Chief Investment Officer
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