CORRECTION: Callidus Capital Corporation Announces Annual Shareholders Meeting Date

TORONTO, June 6, 2018 /CNW/ - Callidus Capital Corporation ("Callidus") announced today that its annual general shareholders' meeting will be held on Friday, July 13, 2018 at 10:00 a.m. EDT at Fasken Martineau DuMoulin LLP, Suite 2400, 333 Bay Street, Toronto, Ontario.

The meeting date is being changed as a result of a revised approval from the Toronto Stock Exchange and on the advice of counsel, Fasken Martineau DuMoulin LLP, who advised the company that  through inadvertence an earlier  meeting date proposed by Fasken was not in compliance with the necessary 30 day gap after the record date.

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 inflows and outflows of each borrower, enabling Callidus to very effectively manage risk of loss. Further information is available on our website, www.calliduscapital.ca.

SOURCE Callidus Capital Corporation