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Aug
8

CALGARY, ALBERTA--(Marketwired - August 8, 2017) - STORAGEVAULT CANADA INC. (“StorageVault” or the “Corporation”)  (SVI-TSX-V)  reported the Corporation’s 2017 second quarter and six months year to date results. Iqbal Khan, Chief Financial Officer, commented:

“We continue to see strong same store performance, achieving a 12.1% year over year increase in net operating income for Q2. The results were above our projections and we are well on pace to achieve our expected annual results.  We have had success in achieving and exceeding our acquisition plan, increasing our share capital and improving our operational results.  To date, we have closed or announced $485.4 million in acquisitions, closed a bought deal prospectus offering for gross proceeds to StorageVault of $85.0 million, and increased our same store NOI by at least 10% for the sixth consecutive quarter.”

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Aug
1

CALGARY, ALBERTA--(Marketwired - August 1, 2017) - STORAGEVAULT CANADA INC. (“StorageVault” (SVI-TSX-V)   is pleased to announce that, further to its March 22, 2017, May 17, 2017 and June 6, 2017 news releases, it has completed the closing of the Sentinel Storage portfolio acquisition (the “Sentinel Acquisition”). The Sentinel Acquisition is an arm’s length transaction.

Sentinel Storage is one of Canada's premier self storage portfolios with 24 stores in British Columbia, Alberta, Manitoba, Ontario, Quebec and Nova Scotia and is one of the highest quality portfolio of stores in the country. With the Sentinel Acquisition, StorageVault will own 80 stores.

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Jun
28

CALGARY, ALBERTA--(Marketwired - June 28, 2017) - STORAGEVAULT CANADA INC. (“StorageVault”  or the  “Corporation”)  (SVI-TSX-V),   along with certain shareholders of the Corporation, announced today that they have entered into an agreement with a syndicate of underwriters to sell, on a bought deal basis, 50,944,000 common shares (the “Shares”) of the Corporation. The offering consists of 32,076,000 common shares from treasury (the “Treasury Shares”) and 18,868,000 common shares sold on a secondary basis (the “Secondary Shares”) from SaskWorks Venture Fund Inc. and APEX II Investment Fund Limited Partnership (collectively, the “Selling Shareholders”) each of which are managed by PFM Capital Inc. through its related entities PFM Venture Capital Operations Inc. and PFM Fund Operations Inc. (collectively, “PFM Capital”). The syndicate of underwriters is led by National Bank Financial Inc. and GMP Securities L.P., and includes Raymond James Ltd., Cormark Securities Inc., TD Securities Inc., BMO Nesbitt Burns, CIBC Capital Markets, Scotiabank, Canaccord Genuity Corp. and Industrial Alliance Securities Inc. (the “Underwriters”). The Shares will be offered at a price of $2.65 per Share, for gross proceeds to the Corporation of approximately $85 million (the “Treasury Offering”) and gross proceeds to the Selling Shareholder of approximately $50 million (the “Secondary Offering” and together with the Treasury Offering, the “Offering”). The net proceeds of the Treasury Offering will be used to pay down debt outstanding under current credit facilities, fund previously announced and future acquisitions, and for general and corporate purposes. The Corporation will not receive any proceeds from the Secondary Offering.

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Jun
20

CALGARY, ALBERTA--(Marketwired - June 20, 2017) - STORAGEVAULT CANADA INC. (“StorageVault”  or the  “Corporation”)  (SVI-TSX-V)   announced today that a quarterly dividend of $0.00255 per common share (“Common Share”) will be payable on July 17, 2017 to shareholders of record on June 30, 2017, with an ex-dividend date of June 28, 2017. This dividend has been designated as an “eligible dividend” for Canadian income tax purposes.

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Jun
6

CALGARY, ALBERTA--(Marketwired - June 6, 2017) - STORAGEVAULT CANADA INC. (“StorageVault”) (SVI-TSX-V)      is pleased to announce the following: (1) it has waived the due diligence conditions and all other initial conditions on the Sentinel Storage $396.6 million portfolio purchase; (2) it will not move forward with the $15 million Montreal acquisition announced on March 10, 2017; and (3) it has entered into a purchase agreement to acquire three stores in Kamloops for $5,825,000.

 

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