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

Olga practises corporate and securities law, with primary focus on mergers and acquisitions, corporate finance, corporate and board 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 advised clients on a number of sophisticated 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 compliance with fiduciary duties and securities regulations, as well as general corporate and commercial matters.


Recent representative transactions include advising:

Public and Private M&A and Reorganizations

  • Cona Resources Ltd., a portfolio company of Waterous Energy Fund, on its acquisition of Pengrowth Energy Corporation for approximately C$740-million

  • Kinder Morgan Canada Limited on its C$2.3-billion acquisition by Pembina Pipeline Corporation

  • WestJet Airlines Ltd. on its acquisition by Onex Corporation for approximately C$5-billion

  • Agrium Inc. on its US$38-billion merger of equals with Potash Corporation of Saskatchewan Inc.

  • Pembina Pipeline Corporation on its C$9.3-billion acquisition of Veresen Inc.

  • Trican Well Service Ltd. on its C$637-million acquisition of Canyon Services Group Inc.

  • Exxon Mobil Corporation on its US$2.5-billion acquisition of InterOil Corporation

  • 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

  • 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

  • U.S.-based Magnum Hunter Resources Corporation on its cross-border acquisition of NuLoch Resources Inc.

  • BluEarth Renewables Inc. on its capitalization by Ontario Teachers' Pension Plan and ARC Financial Corp.

Corporate Finance

  • Nutrien on its US$1.5-billion offering of U.S. notes and US$8-billion note exchange offer

  • Kinder Morgan, Inc. on its C$1.7-billion initial public offering of restricted voting shares of Kinder Morgan Canada Limited and subsequent preferred share offerings by Kinder Morgan Canada Limited

  • 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 Royalty Ltd. 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:

  • Lexpert Rising Stars 2019: Leading Lawyers under 40

  • IFLR1000: The Guide to the World's Leading Financial and Corporate Law Firms - 2020 Edition (M&A and Capital Markets)

  • The Best Lawyers in Canada – 2017-2020 (Securities Law)