Rhea Solis

Partner | Calgary



Portrait of Rhea Solis

The Alberta Investor Tax Credit

Introduction On January 1, 2017, the Investing in a Diversified Alberta Economy Act (the “Act”) came into force.  The Act is part of the Alberta Jobs Plan, and its objectives are to boost investment in Alberta’s small and medium-sized businesses,...


The Alberta Securities Commission Advances New Capital-Raising Initiatives for Start-up Businesses

On Friday, July 29, 2016, the Alberta Securities Commission (the “ASC”) announced that it is moving forward with two initiatives designed to facilitate capital-raising for small and medium-sized enterprises. First, the ASC has adopted ASC Rule 45-517 Prospectus Exemption for...


Revisions to Offering Memorandum Rules Across Canada

Effective January 13, 2016, issuers in Ontario were able to take advantage of the offering memorandum prospectus exemption (the “OM Exemption”). This new OM Exemption will facilitate capital-raising by allowing issuers in Ontario to access a wider range of investors,...


Alberta’s Bill 5, the Securities Amendment Act, 2014, Receives Royal Assent

On December 17, 2014, Alberta’s Bill 5, the Securities Amendment Act, 2014, received Royal Assent.  Bill 5 makes both technical and housekeeping amendments to Alberta’s Securities Act and consequential amendments to Alberta’s Cooperatives Act and Business Corporations Act.  The notable...


CSA Staff Consultation Note 45–401

Review of Minimum Amount and Accredited Investor Exemptions On November 10, 2011, staff of the Canadian Securities Administrators (“CSA”) published CSA Staff Consultation Note 45-401 (“45-401”).  45-401 advises that the CSA is conducting a review of the minimum amount prospectus...


Alberta Blanket Order Completes “North West” Exemptions From Universal Registration Requirements

On February 12, 2010, the Alberta Securities Commission published Blanket Order 31-505 Registration Exemption for Trades in Connection with Certain Prospectus-Exempt Distributions, 2010 ABASC 52 (the “Order”). The Order provides limited blanket relief from the requirement to register as an...


Capital Raising Under the New Registration Regime