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.