North American Construction Group Ltd. — Director's Dealing 2015

Aug 7, 2015

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: North American Energy Partners Inc. (NOA)
CIK: 0001368519
Period of Report: 2015-08-04

Reporting Person: CANNELL CAPITAL LLC (10% Owner)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3470259	Indirect

Footnotes

F1: As of August 4, 2015, Tonga Partners, LP, Cuttyhunk II Fund and sundry separately managed accounts (collectively the "Cannell Investment Vehicles") owned in the aggregate 3,470,259 shares of the common stock of North American Energy Partners, Inc.

F2: Cannell Capital LLC acts as the investment sub-adviser to the Cuttyhunk II Fund, advisor to the sundry separately managed accounts, and is the general partner of and investment adviser to Tonga Partners, LP. J. Carlo Cannell is the sole managing member of Cannell Capital LLC. As such, Mr. Cannell possesses sole power to vote and direct the disposition of all securities of North American Energy Partners, Inc. held by the Cannell Investment Vehicles. Thus, for the purposes of Reg. Section 240.13d-3, as of August 4, 2015, Mr. Cannell beneficially owns 3,470,259 shares. Mr. Cannell's interest in the securities reported herein is limited to the extent of his pecuniary interest in each of the Cannell Investment Vehicles, if any.