Callidus Capital Corporation Announces Election of Directors

TORONTO, May 12, 2015 /CNW/ - Callidus Capital Corporation (TSX: CBL) ("Callidus" or the "Company") today announced that all of the nominee directors listed in the Company's management information circular dated April 10, 2015, were elected as directors of the Company. The vote was conducted at the Company's annual and special meeting of shareholders held on May 12, 2015. The results of the vote are set out below:

Nominee	Votes For	Votes Withheld	Percentage of Votes For	Percentage of Votes Withheld
Ann Davis	41,238,023	482,665	98.84	1.16
Tibor Donath	41,238,023	482,665	98.84	1.16
Newton Glassman	41,277,524	443,164	98.94	1.06
Jim Riley	41,302,524	418,164	99.00	1.00
David Sutin	41,238,023	482,665	98.84	1.16

 

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 company's assets, its enterprise value and borrowing needs. Callidus employs a proprietary system of monitoring collateral and exercising control over the cash inflow and outflows of each borrower, enabling Callidus to very effectively manage any risk of loss.

SOURCE Callidus Capital Corporation

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