The purchase price for CallidusCapital Corp.'s substantial issuer bid is now C$16.10 per common share,up from the last updatedC$15.50 per share.

The company will pay additional 60 Canadian cents per share forshares that have already been tendered, including 1,118,902 shares that Callidushas already taken up and paid for.

The issuer bid is for the purchase and cancellation of 3,571,428shares. At the new price, the aggregate maximum amount Callidus will pay out isaround C$57.5 million.

The offer, currently scheduled to expire at 5 p.m. Toronto timeon July 27, was extended to 5 p.m. on Aug. 30.