goodwood_sc13g-merus.htm
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
 
 


SCHEDULE 13G

INFORMATION STATEMENT PURSUANT TO RULES 13d-1 AND 13d-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
 

MERUS LABS INTERNATIONAL INC.
(Name of Issuer)

 
COMMON STOCK
(Title of Class of Securities)
 

59047R101
(CUSIP Number)


December 15, 2014
(Date of Event Which Requires Filing of This Statement)


Check the Appropriate box to designate the rule pursuant to which this schedule is filed:
 
o Rule 13d-1(b)
x Rule 13d-1(c)
o Rule 13d-1(d)
 
 
 
 
 
CUSIP No. 59047R101 13G Page 2 of 10


1
NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
 
Goodwood Inc.
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) þ
(b) o
 
     
3
SEC USE ONLY
 
     
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Ontario, Canada
 
5
SOLE VOTING POWER
NUMBER OF
  
0
SHARES
6
SHARED VOTING POWER
BENEFICIALLY
  
3,931,234 common shares*
*Includes 6,500 common shares held in managed account for a third party
OWNED BY
7
SOLE DISPOSITIVE POWER
EACH
  
0
REPORTING
8
SHARED DISPOSITIVE POWER
PERSON WITH
  
3,931,234 common shares*
*Includes 6,500 common shares held in managed account for a third party
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
3,931,234 common shares*
*Includes 6,500 shares held in managed account for a third party
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* o
 
     
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
 
4.84%
12
TYPE OF REPORTING PERSON*
 
CO
*SEE INSTRUCTIONS BEFORE FILLING OUT!

 
 
 
CUSIP No. 59047R101 13G Page 3 of 10



1
NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
 
Goodwood Fund
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) þ
(b) o
 
     
3
SEC USE ONLY
 
     
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Ontario, Canada
 
5
SOLE VOTING POWER
NUMBER OF
  
0
SHARES
6
SHARED VOTING POWER
BENEFICIALLY
  
2,804,918 common shares
OWNED BY
7
SOLE DISPOSITIVE POWER
EACH
  
0
REPORTING
8
SHARED DISPOSITIVE POWER
PERSON WITH
  
2,804,918 common shares
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
2,804,918 common shares
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* o
 
     
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
 
3.45%
12
TYPE OF REPORTING PERSON*
 
IV
*SEE INSTRUCTIONS BEFORE FILLING OUT!

 
 
 
CUSIP No. 59047R101 13G Page 4 of 10


1
NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
 
Goodwood Value Fund
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) þ
(b) o
 
     
3
SEC USE ONLY
 
     
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Ontario, Canada
 
5
SOLE VOTING POWER
NUMBER OF
  
0
SHARES
6
SHARED VOTING POWER
BENEFICIALLY
  
521,914 common shares
OWNED BY
7
SOLE DISPOSITIVE POWER
EACH
  
0
REPORTING
8
SHARED DISPOSITIVE POWER
PERSON WITH
  
521,914 common shares
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
521,914 common shares
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* o
 
     
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
 
<1%
12
TYPE OF REPORTING PERSON*
 
IV
*SEE INSTRUCTIONS BEFORE FILLING OUT!

 
 
 
CUSIP No. 59047R101 13G Page 5 of 10


1
NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
 
Goodwood Capital Fund
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) þ
(b) o
 
     
3
SEC USE ONLY
 
     
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Ontario, Canada
 
5
SOLE VOTING POWER
NUMBER OF
  
0
SHARES
6
SHARED VOTING POWER
BENEFICIALLY
  
587,902 common shares
OWNED BY
7
SOLE DISPOSITIVE POWER
EACH
  
0
REPORTING
8
SHARED DISPOSITIVE POWER
PERSON WITH
  
587,902 common shares
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
587,902 common shares
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* o
 
     
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
 
<1%
12
TYPE OF REPORTING PERSON*
 
IV
*SEE INSTRUCTIONS BEFORE FILLING OUT!


 
 
 
CUSIP No. 59047R101 13G Page 6 of 10


1
NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
 
Goodwood Milford Fund Limited Partnership
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) þ
(b) o
 
     
3
SEC USE ONLY
 
     
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Ontario, Canada
 
5
SOLE VOTING POWER
NUMBER OF
  
0
SHARES
6
SHARED VOTING POWER
BENEFICIALLY
  
10,000 common shares
OWNED BY
7
SOLE DISPOSITIVE POWER
EACH
  
0
REPORTING
8
SHARED DISPOSITIVE POWER
PERSON WITH
  
10,000 common shares
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
10,000 common shares
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* o
 
     
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
 
<1%
12
TYPE OF REPORTING PERSON*
 
PN
*SEE INSTRUCTIONS BEFORE FILLING OUT!

 
 
 
CUSIP No. 59047R101 13G Page 7 of 10


1
NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
 
Peter H. Puccetti
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) þ
(b) o
 
     
3
SEC USE ONLY
 
     
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Canada
 
5
SOLE VOTING POWER
NUMBER OF
  
224,565 common shares
SHARES
6
SHARED VOTING POWER
BENEFICIALLY
  
3,931,234 common shares*
*Includes 6,500 common shares held in managed account for a third party
OWNED BY
7
SOLE DISPOSITIVE POWER
EACH
  
224,565 common shares
REPORTING
8
SHARED DISPOSITIVE POWER
PERSON WITH
  
3,931,234 common shares*
* Includes 6,500 common shares held in managed account for a third party
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
4,155,799 common shares*
*Includes 6,500 shares held in managed account for a third party
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* o
 
     
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
 
5.12%
12
TYPE OF REPORTING PERSON*
 
IN
*SEE INSTRUCTIONS BEFORE FILLING OUT!

 
 
 
 
CUSIP No. 59047R101 13G Page 8 of 10

Item 1 (a).
Name of Issuer:
 
Merus Labs International Inc.
 
Item 1 (b).
Address of Issuer’s Principal Executive Offices:
      
100 Wellington Street West, Suite 2110
Toronto, Ontario M5K 1H1 Canada
 
Item 2 (a).
Name of Person Filing:
 
i) Goodwood Inc.
ii) Goodwood Fund
iii) Goodwood Value Fund
iv) Goodwood Capital Fund
v) Goodwood Milford Fund Limited Partnership
vi) Peter H. Puccetti
 
Item 2 (b).
Address of Principal Business Office or, if None, Residence:
          
212 King Street West, Suite 201
Toronto, Ontario M5H 1K5 Canada
 
Item 2 (c).
Citizenship:
 
i - v: Ontario, Canada
vi Canada
 
Item 2 (d).
Title of Class of Securities:
 
Common Stock
 
Item 2 (e).
CUSIP Number:
 
59047R101
 
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) o
Broker or dealer registered under Section 15 of the Act;
  (b) o
Bank as defined in Section 3(a)(6) of the Act;
  (c) o
Insurance Company as defined in Section 3(a)(19) of the Act;
  (d) o Investment Company registered under Section 8 of the Investment Company Act;
  (e) o
Investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);
  (f) o
Employee benefit plan or endowment plan in accordance with Rule 13d-1(b)(1)(ii)(F);
  (g) o
Parent holding company or control person, in accordance with Rule 13d-1(b)(1)(ii)(G);
  (h) o
A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act;
 
 
 
 
 
CUSIP No. 59047R101 13G Page 9 of 10

 
  (i) o
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:
  (j) o
Group, in accordance with Rule 13d-1(b)(1)(ii)(j).
    þ
If this statement is filed pursuant to Rule 13d-1(c), check this box.
       
Item 4.
 Ownership.
   
 
Provide the following information regarding the aggregate number and percentage of the class of securities identified in Item 1.
   
  (a)
Amount beneficially owned: 4,155,799 common shares
     
 
  (b)
Percent of class: 5.12%*
*Based on 81,245,724 common shares outstanding as of December 22, 2014
     
 
  (c)
Number of shares as to which such person has:
     
 
    (i)
Sole power to vote or to direct the vote: See Item 5 of cover pages
       
    (ii) Shared power to vote or to direct the vote: See Item 6 of cover pages
       
    (iii) Sole power to dispose or to direct the disposition of: See Item 7 of cover pages
       
    (iv)
Shared power to dispose or to direct the disposition of: See Item 8 of cover pages
 
Instruction. For computations regarding securities which represent a right to acquire an underlying security, see Rule 13d-3(d)(1).
 
Item 5.
Ownership of Five Percent or Less of a Class.
   
 
If the 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 o.
   
Item 6.
Ownership of More than Five Percent on Behalf of Another Person.
   
 
N/A
 
Item7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company.
   
 
N/A
 
Item 8.
Identification and Classification of Members of the Group.
   
  N/A
   
Item 9.
Notice of Dissolution of Group.
   
  N/A


 
 
 
CUSIP No. 59047R101 13G Page 10 of 10


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.


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.
 


 
 
 
December 24, 2014
  
   
Goodwood Inc.
  
 
By: /s/ Peter H. Puccetti  
  Name: Peter H. Puccetti  
  Title: Chairman and Chief Investment Officer  
 
 
December 24, 2014
December 24, 2014
   
Goodwood Fund,
by its Manager, Goodwood Inc.
Goodwood Value Fund
by its Investment Advisor, Goodwood Inc.
 
By: /s/ Peter H. Puccetti By: /s/ Peter H. Puccetti
  Name: Peter H. Puccetti   Name: Peter H. Puccetti
  Title: Chairman and Chief Investment Officer   Title: Chairman and Chief Investment Officer
 
 
December 24, 2014
December 24, 2014
   
Goodwood Capital Fund
by its Manager, Goodwood Inc.
Goodwood Milford Fund Limited Partnership
by its general partner, Milford Capital Management
Partners Inc.

By: /s/ Peter H. Puccetti By: /s/ Christopher Currie
  Name: Peter H. Puccetti   Name: Christopher Currie
  Title: Chairman and Chief Investment Officer   Title: Director
 
 
December 24, 2014
 
   
/s/ Peter H. Puccetti         
Petere H. Puccetti, Individually