TORONTO, Nov. 30, 2016 /CNW/ - Callidus Capital
Corporation (TSX:CBL) ("Callidus" or the "Corporation") announced
today that it is extending the expiry date of its substantial
issuer bid (the "Offer") for the purchase and cancellation by
Callidus of up to 5,071,428 of its outstanding common shares (the
"Shares") at $16.50 per share, from
its shareholders.
The Offer is currently scheduled to expire at 5:00 p.m. (Toronto time) on November 30, 2016. Callidus is extending
the Offer to 5:00 p.m. (Toronto time) on December 29, 2016, as may be further extended or
withdrawn by the Corporation.
Callidus will mail a notice of extension to its shareholders,
setting out the new expiry date of the Offer.
This press release is for information purposes only and is not
an offer to buy or the solicitation of an offer to sell any
Shares.
About Callidus Capital Corporation
Established in 2003, Callidus Capital Corporation is a Canadian
company that specializes in innovative and creative financing
solutions for companies that are unable to obtain adequate
financing from conventional lending institutions. Unlike
conventional lending institutions who demand a long list of
covenants and make credit decisions based on cash flow and
projections, Callidus credit facilities have few, if any, covenants
and are based on the value of the borrower's assets, its enterprise
value and borrowing needs. Callidus employs a proprietary system of
monitoring collateral and exercising control over the cash inflow
and outflows of each borrower, enabling Callidus to very
effectively manage any risk of loss. Further information is
available on our website, www.calliduscapital.ca.
SOURCE Callidus Capital Corporation