StorageVault Closes Acquisition of $7.4 Million Kitchener Storage Asset
March 21, 2017
STORAGEVAULT CANADA INC. (“StorageVault”) (SVI-TSX-V) is pleased to announce that, further to its September 6, 2016 and March 17, 2017 news releases, it has completed the $7,400,000 acquisition of all of the storage assets, property and business used in the operation of one Kitchener area storage asset (the “Acquisition”). The Acquisition is an arm’s length transaction.
The purchase price for the Acquisition in the amount of $7,400,000, subject to adjustments, was paid with cash on hand. With this Acquisition, StorageVault now has 20 stores in the strong Ontario market and 50 across Canada.
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:
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.