- Statement of Ownership (SC 13G)
January 29 2010 - 4:10PM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
SCHEDULE
13G
Under
the Securities Exchange Act of 1934
(Amendment
No. )*
CANADIAN SUPERIOR ENERGY
INC.
(Name of
Issuer)
Common
Stock
(Title of
Class of Securities)
136644101
(CUSIP
Number)
January
19,
2010
(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).
Continued
on following pages
Page 1 of
9 Pages
Exhibit
Index: Page 8
CUSIP No.:
136644101
|
|
Page 2 of
9 Pages
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1.
|
Names
of Reporting Persons.
I.R.S.
Identification Nos. of above persons (entities only).
WEST
FACE CAPITAL INC.
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2.
|
Check
the Appropriate Box if a Member of a Group
(a)
[ ]
(b)
[ ]
|
3.
|
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.
|
Sole
Voting Power
|
None
|
6.
|
Shared
Voting Power
|
19,250,000
|
7.
|
Sole
Dispositive Power
|
None
|
8.
|
Shared
Dispositive Power
|
19,250,000
|
9.
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Aggregate
Amount Beneficially Owned by Each Reporting Person
19,250,000
|
10.
|
Check
if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions)
[ ]
|
11.
|
Percent
of Class Represented by Amount in Row (9)
6.2%
based on 311,482,000 shares outstanding as of
January 19, 2010.
|
12.
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Type
of Reporting Person:
CO,
IA
|
CUSIP No.:
136644101
|
|
Page 3 of
9 Pages
|
1.
|
Names
of Reporting Persons.
I.R.S.
Identification Nos. of above persons (entities only).
GREGORY
A. BOLAND
|
2.
|
Check
the Appropriate Box if a Member of a Group
(a)
[ ]
(b)
[ ]
|
3.
|
SEC
Use Only
|
4.
|
Citizenship
or Place of Organization
Canada
|
Number
of
Shares
Beneficially
Owned
by Each
Reporting
Person
With
|
5.
|
Sole
Voting Power
|
None
|
6.
|
Shared
Voting Power
|
|
7.
|
Sole
Dispositive Power
|
None
|
8.
|
Shared
Dispositive Power
|
|
9.
|
Aggregate
Amount Beneficially Owned by Each Reporting Person
|
10.
|
Check
if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions)
[ ]
|
11.
|
Percent
of Class Represented by Amount in Row (9)
6.2%
based on 311,482,000 shares outstanding as of
January 19, 2010.
|
12.
|
Type
of Reporting Person:
IN,
HC
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Page 4 of 9
Pages
Item
1(a).
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Name of
Issuer:
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Canadian Superior
Energy Inc. (the “Issuer”).
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Item
1(b).
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Address of Issuer’s Principal
Executive Offices:
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3200, 500
– 4
TH
Ave S.W.
Calgary, Alberta T2P 2V6
Canada
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Item
2(a).
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Name of Person
Filing:
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|
This Statement is
filed on behalf of each of the following persons (collectively, the
“Reporting Persons”):
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i) West
Face Capital, Inc. ("West Face"); and
ii) Gregory A. Boland ("Mr.
Boland").
|
This
Statement relates to the Shares (as defined herein) held for the accounts of
each of West Face Long Term Opportunities Master Fund L.P., a Cayman Islands
Limited Partnership (“WFMF”), West Face Long Term Opportunities (USA) Limited
Partnership., a Delaware Limited Partnership (“WFLP”), and West Face Long Term
Opportunities Limited Partnership (“WFCLP”), a Canadian Limited
Partnership. West Face serves as investment manager to each of WFMF,
WFLP and WFCLP. West Face (Cayman) Inc. serves as the General Partner
of WFMF. West Face Capital LLC serves as the General Partner of WFMF,
WFLP and WFCLP. Mr. Boland serves as a director of both West Face
(Cayman) Inc. and West Face Capital LLC. Mr. Boland is also President
and Chief Executive Officer of West Face. In such capacity, Mr.
Boland may be deemed to have voting and dispositive power over the Shares held
for each of WFMF, WFLP and WFCLP.
Item
2(b).
|
Address of Principal Business
Office or, if None,
Residence:
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The address of the
principal business office of each of the Reporting Persons is 2 Bloor
Street East, Suite 810, Toronto, Ontario M4W
1A8.
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1) West
Face is a Canadian company; and
2) Mr. Boland is a citizen of Canada.
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Item 2(d).
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Title of Class of
Securities:
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Common Shares (the
“Shares”)
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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),
Check
Whether the Person Filing is
a:
|
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This Item 3 is not
applicable.
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Item
4(a)
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Amount Beneficially
Owned:
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As of
January 29, 2010, each of West Face and Mr. Boland may be deemed to be the
beneficial owner of 19,250,000 Shares. This amount consists of: (A)
10,587,600 Shares held for the account of WFMF; (B) 6,063,700 Shares held for
the account of WFLP; and (C) 2,598,700 Shares held for the account of
WFCLP.
Item
4(b)
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Percent of
Class:
|
The
number of Shares of which each of West Face and Mr. Boland may be deemed to be
the beneficial owner constitutes approximately 6.2% of the total number of
Shares outstanding (based upon information provided by Bloomberg Finance L.P.,
there were approximately 311,482,000 shares outstanding as of January 19,
2010).
Item 4(c)
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Number of Shares of which such
person has:
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West Face and Mr.
Boland:
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(i)
Sole power to vote or direct the vote:
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0
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(ii)
Shared power to vote or direct the vote:
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19,250,000
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(iii)
Sole power to dispose or direct the disposition of:
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0
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(iv)
Shared power to dispose or direct the disposition of:
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19,250,000
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Item 5.
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Ownership of Five Percent or
Less of a Class:
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This Item 5 is 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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This Item 6 is not
applicable.
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Item
7.
|
Identification
and Classification of the Subsidiary Which Acquired the Security Being
Reported on By the Parent Holding
Company:
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This Item 7 is not
applicable
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Item 8.
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Identification and
Classification of Members of the
Group:
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See disclosure in
Item 2 hereof.
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Item 9.
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Notice of Dissolution of
Group:
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This Item 9 is not
applicable.
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By
signing below each of the Reporting Persons certifies that, to the best of their
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 7
of 9 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.
Date:
January 29, 2010
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WEST
FACE CAPITAL INC.
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|
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By:
__
/s/
John Maynard
________
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Name: John
Maynard
|
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Title: Chief
Financial Officer
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Date:
January 29, 2010
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GREGORY
A. BOLAND
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By: ___
/s/ Gregory A.
Boland
__________
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Page 8
of 9 Pages
EXHIBIT
INDEX
Ex.
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Page No.
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A
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Joint
Filing Agreement, dated January 29, 2010 by and among West Face Capital
Inc. and Gregory A. Boland…………………………………………..
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9
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Page 9
of 9 Pages
EXHIBIT
A
JOINT
FILING AGREEMENT
The
undersigned hereby agree that the statement on Schedule 13G with respect to the
Common Stock of Canadian Superior Energy Inc. dated as of January 29, 2010 is,
and any amendments thereto (including amendments on Schedule 13D) signed by each
of the undersigned shall be, filed on behalf of each of us pursuant to and in
accordance with the provisions of Rule 13d-1(k) under the Securities Exchange
Act of 1934, as amended.
Date:
January 29, 2010
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WEST
FACE CAPITAL INC
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|
|
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|
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By:
__
/s/
John Maynard________
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Name: John
Maynard
|
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Title: Chief
Financial Officer
|
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Date:
January 29, 2010
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GREGORY
A. BOLAND
|
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By:
_
/s/
Gregory A. Boland
__________
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