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Callidus Capital accepts 782,546 more shares for repayment

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Callidus Capital accepts 782,546 more shares for repayment

Another 782,546 common shares have been deposited underCallidus CapitalCorp.'s substantial issuer bid as of Sept. 30.

Following this transaction, the company would have paid for 2,683,100shares, or approximately 75% of the total offer. The offer will expire Oct. 31,the release added.

Callidus Capital previously announced that the company mightgo private if it continues to trade at a significant discount. The company'sboard has startedsoliciting privatization proposals and is in the process of hiring a financialadviser.