STORAGEVAULT ANNOUNCES COMPLETION OF THE ACQUISITION OF THE ASSETS OF AIRPORT ROAD SELF-STORAGE.
STORAGEVAULT CANADA INC. (“StorageVault”) (SVI-TSX-V) Further to a press release dated January 9, 2013, StorageVault is pleased to announce that it has completed the acquisition of all the assets and business (collectively the “Acquisition”) of Airport Road Self Storage, a self-storage facility located in London, Ontario
STORAGEVAULT ANNOUNCES THE SIGNING OF AN ACQUISITION AGREEMENT FOR A SELF-STORAGE BUSINESS IN LONDON, ONTARIO.
STORAGEVAULT CANADA INC. (“StorageVault”) (SVI-TSX-V) is pleased to announce that it has entered into an Acquisition Agreement of Purchase and Sale (the “Acquisition Agreement”) to acquire from an arm's length vendor a self-storage facility located in London, Ontario. The aggregate purchase price is $2,575,000 (subject to customary adjustments). The Acquisition Agreement is subject to a number of conditions, including but not limited to: (i) the completion of due diligence and environmental investigations with respect to the property that must be satisfactory to StorageVault in its sole discretion; (ii) satisfactory financing; (iii) approval by the board of directors of StorageVault to be given or withheld in its sole discretion; and (iv) if applicable, approval of the shareholders of StorageVault.
STORAGEVAULT COMPLETES A SHARE PURCHASE AGREEMENT FOR 1.38 ACRES OF LAND IN SOUTHEAST CALGARY, ALBERTA
STORAGEVAULT CANADA INC. (“StorageVault”) (SVI-TSX-V) further to a press release dated November 6, 2012 StorageVault is pleased to announce that it has completed a share purchase agreement whereby StorageVault purchased all of the issued and outstanding shares (the “Shares”) of a private Alberta corporation (“TargetCo”) from three arm’s length shareholders of TargetCo. The aggregate purchase price for the Shares was $845,000 (subject to customary adjustments). TargetCo.’s sole asset is a 1.38-acre parcel of land located at 6969 44th Street, in Southeast Calgary.
STORAGEVAULT CANADA INC. RELEASES FINANCIAL RESULTS FOR THE FISCAL QUARTER ENDED SEPTEMBER 30, 2012
STORAGEVAULT CANADA INC. (“StorageVault”) (SVI-TSX-V) is pleased to report results for the fiscal quarter ended September 30, 2012. Highlights for the fiscal quarter are presented below. All financial figures are unaudited and in Canadian dollars unless otherwise noted. For further information on the results for the fiscal quarter, please see StorageVault’s unaudited interim financial statements and management’s discussion and analysis for the three and nine months ended September 30, 2012 filed on the SEDAR website at www.sedar.com on November 28, 2012; as well as the audited annual financial statements for the fiscal year ended December 31, 2011.
STORAGEVAULT ANNOUNCES AMENDMENT AND RESTATEMENT OF $24 MILLION CREDIT AGREEMENT WITH BANK OF MONTREAL
STORAGEVAULT CANADA INC. (“StorageVault”) (SVI-TSX-V) is pleased to announce that, further to a press release dated April 24, 2012, it has entered into an amended and restated credit agreement (the “Credit Agreement”) with Bank of Montreal (“BMO”), which amends and restates the terms of its existing credit agreement with BMO. Pursuant to the Credit Agreement, BMO has agreed to make available to StorageVault credit facilities in the amount of up to $24 million. Such credit facilities are comprised of: (i) a $20 million revolving credit facility for re-financing of existing term debt and for future acquisition of self storage facilities; (ii) a $2 million revolving credit facility for expansion of PUPS portable storage facilities; (iii) a $1 million revolving credit facility for the purchase of equipment associated with the operation of PUPS; and (iv) a treasury risk management facility subject to a limit of $1 million