NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S.
NEWSWIRE SERVICES
TORONTO, Aug. 5, 2014 /CNW/ - Callidus Capital Corporation
("Callidus" or the "Company") (TSX: CBL), a provider of flexible
and innovative asset-based loans, announced today that it has filed
a preliminary short form base shelf prospectus (the
"Prospectus") with the securities regulatory
authorities in each of the provinces and territories of
Canada. These filings, when made
final, will allow the Company and/or certain selling shareholders
to make offerings of common shares in the capital of Callidus (the
"Common Shares") up to an aggregate initial offering price
of C$600,000,000 during the 25-month
period that the final short form base shelf prospectus, including
any amendments thereto, remains effective. Common Shares may be
offered in amounts, at prices and on terms to be determined based
on market conditions at the time of sale and set forth in an
accompanying shelf prospectus supplement and, subject to applicable
regulations, may include 'at-the-market' transactions, private
placements, public offerings or strategic investments. Unless
otherwise specified in a shelf prospectus supplement, the net
proceeds from the sale of the Common Shares will be used for will
be used for general working capital purposes and to finance
additional loans in the Company's loan portfolio.
A copy of the Prospectus may be obtained from the Company's
Corporate Secretary by emailing jriley@catcapital.com or
directing a request to Callidus at 77 King Street West, Suite 4320,
TD North Tower, P.O. Box 212, Toronto,
Ontario M5K 1K2 (416) 987-1014 Attn: Corporate Secretary.
The Prospectus can also be found on SEDAR
at www.sedar.com.
No securities regulatory authority has either approved or
disapproved the contents of this press release. This press release
does not constitute an offer to sell or a solicitation of an offer
to buy any securities of Callidus Capital Corporation in any
jurisdiction in which such offer, solicitation or sale would be
unlawful. These securities have not been and will not be registered
under the United States Securities Act of 1933, as amended or any
U.S. state securities law and may not be offered or sold in
the United States except in
compliance with the registration requirements of said Act and
applicable U.S. state securities laws or pursuant to an exemption
therefrom.
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 company'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.
Forward-Looking Statements
Certain statements made herein contain forward-looking
information, including statements concerning final prospectus
filings, transaction terms, and the Company's intended use of the
net proceeds of any offering of Common Shares. Although Callidus
believes these statements to be reasonable, the assumptions upon
which they are based may prove to be incorrect. Furthermore, the
forward-looking statements contained in this press release are made
as at the date of this press release and Callidus does not
undertake any obligation to update publicly or to revise any of the
included forward-looking statements, whether as a result of new
information, future events or otherwise, except as may be required
by applicable securities laws.
SOURCE Callidus Capital Corporation