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Aug
17

STORAGEVAULT CANADA INC. (“StorageVault” or the “Corporation”) (SVI-TSX-V)  is pleased to announce that it has received conditional acceptance from the TSX Venture Exchange to renew its Normal Course Issuer Bid (“NCIB”) to purchase for cancellation, during the 12-month period starting August 18, 2017, up to 17,198,962 of the Common Shares, representing 5% of the Common Shares outstanding. The program will end on August 17, 2018 unless the maximum amount of Common Shares is purchased before then or StorageVault provides earlier notice of termination.

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Aug
15

STORAGEVAULT CANADA INC. (“StorageVault”) (SVI-TSX-V)  is pleased to announce that, further to its June 26, 2017 and July 24, 2017 news releases, it has completed the acquisition of all of the storage assets, property and business used in one Toronto area store, two stores in Quebec and three stores in Nova Scotia (the “Acquisition”) from Access Self Storage Inc. (“Access”), Depotium Self Stockage Inc. and A-Z Storage Limited, subsidiaries of Access, for an aggregate purchase price of $34.2 million. The Acquisition is a non arm’s-length transaction.

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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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