Or. Admin. Code § 441-035-0170 - Prohibited Offerings
The OIO exemption is unavailable for the following types of offerings:
(1) Offerings involving
development stage companies without a specific business plan or purpose, or in
which the issuer has indicated that its business is to engage in a merger or
acquisition with an unidentified company or companies, or other unidentified
entities or persons, or without an allocation of proceeds for sufficiently
identifiable properties or objectives (e.g., "blank check"
offerings);
(2) Offerings that
involve the sale of securities other than notes, stocks, or
debentures;
(3) Offerings involving
petroleum exploration or production, mining, or any other extractive
industries; or
(4) Offerings
involving an investment company as defined and classified under Section 3 of
the Investment Company Act of 1940.
Notes
Statutory/Other Authority: ORS 59.035 & 17 CFR § 230.147A
Statutes/Other Implemented: ORS 59.035
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