TORONTO, March 11, 2019 /CNW/ - Callidus Capital
Corporation (the "Company" or "Callidus") announced today that
Patrick Dalton has resigned from the
Company from his consulting role and position as Interim Chief
Executive Officer. His Interim CEO duties have been
re-assigned to the existing Callidus management team.
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. Further information is available on our
website, www.calliduscapital.ca.
This press release does not constitute an offer to sell or a
solicitation of an offer to buy any securities of the Company or in
any investment fund to be managed by the Company. Any such
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.
SOURCE Callidus Capital Corporation