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SaskWorks Resources (Class R - Series F) $9.8342

News

November 28, 2013

StorageVault Announces Maximum $1,750,000 Private Placement Financing

STORAGEVAULT CANADA INC. (“StorageVault“) (SVI-TSX-V) is pleased to announce that StorageVault intends to complete a non-brokered private placement of a combination of half warrant units (each, a “Half Warrant Unit“) and full warrant units (each, a “Full Warrant Unit“) at a price of $0.30 per either a Half Warrant Unit or a Full Warrant Unit for aggregate gross proceeds of a minimum of $1,000,000 (3,333,334 units) and a maximum of $1,750,000 (5,833,334 units) (collectively, the “Offering“). Each Half Warrant Unit will be comprised of one common share (“Common Share“) in the share capital of StorageVault and one-half (1/2) of one Common Share purchase warrant (a “$0.35 Warrant“) with each whole $0.35 Warrant being exercisable for four years from the closing of the Offering into one Common Share at an exercise price of $0.35 per share.

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