Olga Kary
Partner | Calgary
Calgary: 403-260-9644

Olga practises corporate and securities law, with primary focus on securities matters, particularly in the areas of mergers and acquisitions, corporate finance, corporate governance, and continuous disclosure compliance.

Olga has experience in representing both private and publicly traded issuers listed on the Toronto Stock Exchange, the New York Stock Exchange and the TSX Venture Exchange. She has been involved in a number of domestic and cross-border M&A transactions, as well as in both public and private offerings of equity and debt.

Olga also assists clients with corporate governance matters and continuous disclosure compliance obligations, as well as general corporate and commercial matters.


Recent representative transactions include advising:

M&A and Reorganizations

  • Agrium Inc. on its proposed US$38-billion merger of equals with Potash Corporation of Saskatchewan Inc.
  • ExxonMobil Canada Ltd. on its C$3.1-billion acquisition of Celtic Exploration Ltd. and spin-out of Kelt Exploration Ltd.
  • Nexen Inc. in connection with its C$15.1-billion acquisition by CNOOC Limited
  • Trican Well Service Ltd. on the sale of its U.S. pressure pumping business to Keane Group Holdings, LLC for US$200-million plus an equity interest in Keane
  • Cenovus Energy Inc. on the sale of its wholly-owned subsidiary Heritage Royalty Limited Partnership to Ontario Teachers' Pension Plan for C$3.3-billion
  • Novus Energy Inc. on its acquisition by Yanchang Petroleum International Limited of China

  • HSE Integrated Ltd. in connection with its acquisition by DXP Enterprises, Inc.
  • U.S.-based Magnum Hunter Resources Corporation on its cross-border acquisition of NuLoch Resources Inc.
  • Lufkin Industries, Inc. in connection with its acquisition of Alberta-based Pentagon Optimization Services
  • BluEarth Renewables Inc. on its capitalization by Ontario Teachers' Pension Plan and ARC Financial Corp.

Corporate Finance

  • Encana Corporation on its C$1.44-billion cross-border offering of common shares
  • PrairieSky Royalty Ltd. and Encana Corporation on the C$1.67-billion initial public offering of PrairieSky and the subsequent C$2.56-billion secondary offering by Encana

  • Agrium Inc. on over US$5.3-billion in offerings of debentures in the U.S.
  • Enerplus Corporation on its C$230-million and C$345-million public equity offerings
  • The underwriters on a C$260-million initial public equity offering and concurrent private placement of Tourmaline Oil Corp. and subsequent public and private equity offerings
  • The underwriters on a C$400-million public equity offering and concurrent C$400-million private placement of MEG Energy Corp.

Olga has been ranked among Canada's top lawyers by publications including:

  • The Best Lawyers in Canada 2017 (Securities Law)