Exchange Bulletin

Callidus Capital Corporation (CBL) To Trade On Toronto Stock Exchange


April 23, 2014

Callidus Capital Corporation (the "Corporation") - An application has been granted for the original listing in the industrial category of 53,347,005 common shares (the "Shares") of which 46,042,732 Shares will be issued and outstanding and 7,304,273 Shares will be reserved for issuance pursuant to an initial public offering (the "Offering").

Listing of the Shares will become effective at 5:01 p.m. on Tuesday, April 22, 2014, in anticipation of the Offering closing on Wednesday, April 23, 2014. The Shares will be posted for trading at the opening on Wednesday, April 23, 2014.

Registration of interests in and transfers of the Shares will be delivered electronically through the non-certificated inventory ("NCI") system of CDS Clearing and Depository Services Inc. ("CDS"). The Shares will be electronically delivered to CDS or its nominee. Shareholders will not be entitled to a certificate or other instrument from the Corporation or the Corporation's transfer agent evidencing that person's interest in or ownership of the Shares, nor, to the extent applicable, will such holder be shown on the records maintained by CDS, except through an agent who is a CDS participant.

Additional information on the Shares may be found in the final prospectus dated April 15, 2014 (the "Prospectus"), which is available at www.SEDAR.com. Capitalized terms not otherwise defined are as defined in the Prospectus.



Stock Symbol: "CBL" CUSIP: 13124N 10 3 Trading Currency: CDN$



Temporary Market Maker: RBC Capital Markets
Other Markets: None
Head Office Address: 77 King Street West, Suite 4320
Toronto, Ontario
M5K 1K2
Telephone Number: (416) 945-3014
Fax Number: (416) 941-9876
Email Address: dnohdomi@calliduscapital.ca
Website: www.calliduscapital.ca
Investor Relations: Dan Nohdomi
(416) 945-3014
Email: dnohdomi@calliduscapital.ca
Chief Financial Officer: Dan Nohdomi
Corporate Secretary: Jim Riley
Incorporation: The Corporation was incorporated on October 3, 2003 pursuant to the Business Corporations Act (Ontario) (the "OBCA"). On January 1, 2013, it amalgamated with its wholly-owned subsidiary, Callidus Capital Management Inc., pursuant to the OBCA. Prior to or concurrently with the closing of the Offering, the Corporation will amend its articles to (i) authorize the issuance of an unlimited number of Preferred Shares, (ii) remove its private company provisions, and (iii) implement a share split.
Fiscal Year End: December 31
Nature of Business: The Corporation is a specialty asset-based lender, focused primarily on Canadian companies and select U.S. companies that are unable to obtain adequate financing from traditional lenders. The Corporation provides flexible and innovative loan structuring, with limited or no covenants and an efficient credit approval process. The Corporation's loans are generally structured as demand, first lien (senior secured) facilities, on a fully collateralized basis, with targeted Gross Yields of approximately 20%.
Transfer Agent & Registrar: Computershare Investor Services Inc. at its principal office in Toronto.
Dividends: The Corporation has not paid dividends to its shareholders to date and does not anticipate paying cash dividends on the Shares in the foreseeable future.
Initial Public Offering: Pursuant to the terms of the Prospectus, Canaccord Genuity Corp., CIBC World Markets Inc., TD Securities Inc., National Bank Financial Inc., GMP Securities L.P., Desjardins Securities Inc. and Dundee Securities Ltd., as underwriters, are offering to the public 18,000,000 Shares from treasury at a price of $14.00 per Share. In addition, the underwriters have been granted an over-allotment option to purchase up to an additional 2,700,000 common shares from the treasury at a price of $14.00 per share.