1. (1) Solicitations of Interest . Prior to submitting an application to register a SOAR or SCOR Offering, an issuer may, offer its securities for the sole purpose of soliciting a non-binding indication of interest in receiving the written disclosure materials so long as an offer complies with the requirements of OAR 441-035-0045.
2. (2) “Red herring” exemption under ORS 59.035(11). After submitting an application to register a SOAR or SCOR Offering, an issuer may offer, but not sell, its securities so long as the offer is allowed by the Director.

3. (3) Public Advertising and General Solicitation Pursuant to an Order of Registration. After the effective date of registration of a SOAR or SCOR Offering, an issuer may offer and sell its securities by means of public advertising or general solicitation provided that any sales materials to be used are reviewed and cleared by the Director prior to use. Any sales materials shall contain no more than the following information:

   1. (a) The name of the issuer;
   2. (b) Characterization of the issuer as indicated on the cover page of the required disclosure materials;
   3. (c) Address and telephone number of the issuer;
   4. (d) A brief description of the issuer’s business or proposed business;
   5. (e) The number and type of securities offered and the offering price per security;
   6. (f) The name, address and telephone number of any selling agent authorized to sell the securities;
   7. (g) A statement that the offering does not constitute an offer to sell or solicitation of an offer to purchase and that any such offer must be made by the disclosure document;
   8. (h) The procedure for obtaining the disclosure document; and
   9. (i) The issuer’s corporate logo.

Statutory/Other Authority

ORS 59.065 & 59.085

Statutes/Other Implemented

ORS 59.065

History

FSR 5-2018, amend filed 04/26/2018, effective 05/01/2018
FCS 2-1998, f. & cert. ef. 4-30-98
FCS 4-1992, f. & cert. ef. 10-1-92
FCS 15-1988, f. & ef. 11-21-88, Renumbered from 815-036-0025
FCS 11-1988(Temp), f. & cert. ef. 6-2-88, Renumbered from 815-036-0025
CC 11-1982, f. 8-11-82, ef. 10-10-82
CC 9-1982(Temp), f. 4-7-82, ef. 4-15-82