UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Exit Filing)*
MERUS LABS INTERNATIONAL INC.
(Name of Issuer)
COMMON SHARES
(Title of Class of Securities)
59047R101
(CUSIP Number)
May 31, 2017
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
[ ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[ ] Rule 13d-1(d)
*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 the purpose 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).
Page 1 of 5 pages
| CUSIP No. | 59047R101 |
1. | Names of Reporting Persons. | |
| I.R.S. Identification Nos. of above persons (entities only). | ||
| 1832 Asset Management L.P., One Adelaide Street East, 29thFloor, Toronto, Ontario,Canada, M5C 2V9 | ||
2. | Check the Appropriate Box if a Member of a Group (See Instructions) | |
| (a) N/A | ||
| (b) | ||
3. | SEC Use Only | |
4. | Citizenship or Place of Organization:Toronto, Ontario, Canada | |
| Number of | 5. Sole Voting Power 10,000 preference shares | |
| Shares | ||
| Beneficially | 6. Shared Voting PowerNil | |
| Owned by | ||
| Each | 7. Sole Dispositive Power 10,000 preference shares | |
| Reporting | ||
| Person With | 8. Shared Dispositive PowerNil | |
9. | Aggregate Amount Beneficially Owned by Each Reporting Person10,000 preference shares are held within mutual funds or other clientaccounts managed by 1832 Asset Management L.P. acting as Investment Counsel andPortfolio Manager. | |
10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) N/A | |
11. | Percent of Class Represented by Amount in Row (9) 0.01% partially diluted | |
12. | Type of Reporting Person (See Instructions) IA | |
Page 2 of 5 pages
Item 1. (a) Name of IssuerMerus Labs International Inc.
Item 1. (b) Address of Issuer's Principal Executive Offices100 Wellington St. West, Ste. 2110, PO Box 151, Toronto, Ontario, Canada M5K 1H1
Item 2. (a) Name of Person Filing1832 Asset Management L.P.
Item 2. (b) Address of Principal Business Office or, if none, ResidenceOne Adelaide Street East, 29th Floor, Toronto, Ontario, Canada, M5C 2V9
Item 2. (c) CitizenshipCanadian
Item 2. (d) Title of Class of SecuritiesCommon Shares and Preference Shares
Item 2. (e) CUSIP NumberNot applicable
Item 3. If this statement is filed pursuant to Rule 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 associations 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). |
CANADIAN INVESTMENT COUNSELLING FIRM
Page 3 of 5 pages
Item 4. Ownership.
| (a) | Amount beneficially owned: 10,000 preference shares | |
| (b) | Percent of class:0.01% partially diluted | |
| (c) | Number of shares as to which the person has: |
| (i) | Sole power to vote or to direct the vote 10,000 preference shares | |
| (ii) | Shared power to vote or to direct the voteNil | |
| (iii) | Sole power to dispose or to direct the disposition of10,000 preference shares | |
| (iv) | Shared power to dispose or to direct the disposition ofNil |
Item 5. Ownership of Five Percent or Less of a Class
1832 Asset Management L.P. disposed of 9,625,218 common shares in Merus Labs International Inc. and has ceased being a beneficial owner of more than five percent of the class of securities held as of the date hereof.
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
Not applicable.
Item 8. Identification and Classification of Members of the Group
Not applicable.
Item 9. Notice of Dissolution of Group
Not applicable.
Item 10. Certification
By signing below I certify that, to the best of my 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.
Page 4 of 4 pages
SIGNATURE
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.
| June 12, 2017 |
| Date |
| “Alexander Lane” |
| Signature |
| Alexander Lane, |
| Vice President and Portfolio Manager |
| Name/Title |
The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative. If the statement is signed on behalf of a person by his authorized representative other than an executive officer or general partner of the filing person, evidence of the representative's authority to sign on behalf of such person shall be filed with the statement, provided, however, that a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference. The name and any title of each person who signs the statement shall be typed or printed beneath his signature.
Page 5 of 5 pages
