Aug 15 (Reuters) - Callidus Capital Corp CBL.TO :
* BRASLYN TO ACQUIRE MINORITY-HELD COMMON SHARES OF CALLIDUS CAPITAL
* CALLIDUS CAPITAL -PURSUANT TO TRANSACTION, EACH COMMON SHARE HELD BY MINORITY SHAREHOLDERS WILL BE ACQUIRED BY BRASLYN FOR CASH CONSIDERATION OF $0.75
* CALLIDUS CAPITAL CORP - TRANSACTION HAS BEEN UNANIMOUSLY RECOMMENDED BY A SPECIAL COMMITTEE OF INDEPENDENT DIRECTORS
* CALLIDUS CAPITAL - IF ARRANGEMENT AGREEMENT TERMINATED IN CERTAIN CIRCUMSTANCES, THEN BRASLYN TO BE ENTITLED TO TERMINATION PAYMENT FROM CO OF $2 MILLION