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Latest News

May
28

 

STORAGEVAULT CANADA INC. RELEASES FINANCIAL RESULTS FOR THE FISCAL QUARTER ENDED MARCH 31, 2012

STORAGEVAULT CANADA INC. (“StorageVault”) (SVI-TSX-V) is pleased to report results for the fiscal quarter ended March 31, 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 months ended March 31, 2012 filed on the SEDAR website at www.sedar.com on May 25, 2012; as well as the audited annual financial statements for the fiscal year ended December 31, 2011.

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May
1

StorageVault is pleased to announce that it has completed the acquisition of all of the assets and business (collectively the “Acquisition”) operating as Space Place Self Storage in southeast Calgary (“Space Place Self Storage Southeast”) from Ellmar Developments Ltd.  The Acquisition is an arm’s length transaction.

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Apr
24

StorageVault pleased to announce that under the terms of a credit agreement with the Bank of Montreal (‘BMO”), BMO has undertaken to provide $24 million in credit facilities to StorageVault. The credit facilities are comprised of: a $20 million revolving reducing term loan for re-financing of existing term debt and for future acquisition of self storage facilities; a $2 million revolving reducing capital expenditure line of credit for expansion of PUPS portable storage facilities; a $1 million revolving reducing line for the purchase of equipment associated with the operation of PUPS; and a treasury risk management facility subject to a limit of $1 million.

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