News

As at December 15, 2017

SaskWorks Diversified (Class A - Series A) $19.2880 SaskWorks Resources (Class R - Series A) $11.3775

SaskWorks Diversified (Class A - Series F) $20.2125 SaskWorks Resources (Class R - Series F) $11.7193

StorageVault Completes Purchase of Kamloops Stores for $5.8 Million

TORONTO, Nov. 17, 2017 (GLOBE NEWSWIRE) — STORAGEVAULT CANADA INC. (“StorageVault”) (TSX-V:SVI) is pleased to announce that, further to its June 6, 2017 news release, it has completed the acquisition of all of the storage assets, property, leaseholds and business used in the operation and business of three stores in Kamloops (the “Acquisition”) for an aggregate purchase price of $5.8 million. The Acquisition is an arm’s length transaction.

The purchase price for the Acquisition in the amount of $5.8 million, subject to customary adjustments, was paid by the issuance of 394,191 common shares of StorageVault (“Payment Shares”) at a deemed aggregate price of $950,000 or $2.41 per Payment Share, with the remainder being paid with funds on hand. The Payment Shares are subject to a hold period that expires on March 17, 2018.

ABOUT STORAGEVAULT CANADA INC.

StorageVault owns and operates storage locations in the provinces of British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, and Nova Scotia.

For further information, contact Mr. Steven Scott or Mr. Iqbal Khan:

Tel: 1-877-622-0205
ir@storagevaultcanada.com

Back to News

Welcome

Please choose one of the following options to enter the site.

Search FAQs Advisor FAQs Legal Contact Facebook Logout

READ OUR PROSPECTUS > This offering is made only by prospectus. The prospectus contains important detailed information about the securities being offered. Copies of the prospectus may be obtained free of charge from your Investment Advisor or the agent, Industrial Alliance Securities Inc. (www.iavaleursmobilieres.ca). Investors should read the prospectus and consult an Investment Advisor before making an investment decision.