SAN JOSE, April 8 /CNW/ - Callidus Software Inc. (NASDAQ: CALD) completed the acquisition of 2,003,800 common shares of ForceLogix Technologies Inc. (TSX-V: FLT) at a purchase price of Cdn$0.075 per share on April 7, 2010.
The acquisition was made by Callidus through its wholly-owned subsidiary, Callidus Software Canada Inc., by the issuance of shares from ForceLogix's treasury.
Prior to the acquisition, Callidus held an aggregate of 2,639,000 Common Shares of ForceLogix and a warrant to purchase an additional 1,979,250 common shares. As a result of the acquisition, Callidus holds an aggregate of 6,622,050, assuming the exercise of the warrant, which represents approximately 12.1% of all issued and outstanding common shares of ForceLogix (calculated on a partially diluted basis assuming the exercise of the warrant only).
SOURCE CALLIDUS SOFTWARE INC.
For further information: For further information: Ron Fior, (408) 808-6577, firstname.lastname@example.org