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Portable Storage PUPS
Our portable storage PUPS® are available in more than 200 locations across Canada and are a great alternative to traditional self-storage. We deliver a PUPS® to you at your convenience.
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STORAGEVAULT CANADA INC. ("StorageVault") (TSX VENTURE:SVI) is pleased to announce that, further to its August 2, 2016 news release, it has completed the $14,950,000 acquisition of all of the self storage assets, property and business used in the operation of one Calgary area self storage store (the "Acquisition"). The Acquisition is an arm's length transaction.
STORAGEVAULT CANADA INC.
) is pleased to announce that, further to its June 8, 2016 news release, it has completed the $3,483,333 acquisition of all of the storage assets, property and business used in the operation of one Ottawa, Ontario area self storage store (the "
") and the transfer and conveyance (the "
") of one of StorageVault's London, Ontario properties to the Vendor as part of the consideration for the Acquisition (collectively, the Acquisition and the Disposition are the "
"We continue to see strong performance from the stores acquired in 2015 as we streamline and integrate these assets into our operations. The results were above our projections and we are on pace to achieve our expected annual results. We have had success in achieving and exceeding our acquisition plan and continue to focus on increasing our share capital and improving our operational results. To date, we have closed or announced $98.5 million in acquisitions, closed on our bought deal raise for gross proceeds of $57.5 million, declared our first quarterly dividend and increased net operating income from the prior quarter by 22.6%."
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