Braslyn to Acquire Minority-Held Common Shares of Callidus Capital
(WorldNews Canada)

TORONTO, Aug. 15, 2019/CNW/ - Callidus Capital Corporation (`Callidus` or the `Company`) (TSX:CBL) is pleased to announce that it has entered into a definitive agreement (the `Arrangement Agreement`) with Braslyn Ltd. (`Braslyn`) pursuant to which Braslyn will acquire all of the issued and outstanding common shares (the `Common Shares`) of the Company held by persons (the `Minority Shareholders`) other than Braslyn, certain investment funds (the `Catalyst Funds`) managed by The Catalyst Capital Group Inc. (`Catalyst`), Newton Glassmanand James Rileyby way of a court-approved Plan of Arrangement (the `Transaction`) under the Business Corporations Act (Ontario). Pursuant to the Transaction,...