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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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May
17

CALGARY, ALBERTA--(Marketwired - May 17, 2017) - STORAGEVAULT CANADA INC. (“StorageVault”) (SVI-TSX-V)   is pleased to announce the following: (1) it has entered into a purchase agreement to acquire one store in Montreal for $8,600,000, (2) it has entered into a purchase agreement to acquire one store in the Greater Montreal Area for $8,000,000 and (3) confirmation that Sentinel Storage is the previously announced $396.6 million portfolio purchase.

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May
1

CALGARY, ALBERTA--(Marketwired - May 1, 2017) - STORAGEVAULT CANADA INC. (“StorageVault”) (SVI-TSX-V)   reported the Corporation’s 2017 first quarter results, increases annual dividend and updates previously announced acquisitions.  Iqbal Khan, Chief Financial Officer, commented:

“Commencing fiscal 2017, the stores purchased in fiscal 2015 now have full year 2016 operating results, and qualify as Existing Self Storage – providing us more meaningful comparative year over year results.  These results were above projections and are on pace to achieve our expected annual results.  We continue to focus on acquisitions and improving our operational performance.  In the quarter, we closed or announced $443.2 million in acquisitions, internalized management and more importantly, increased our revenue and net operating income on existing self storage locations by 10%.”

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