Business News • MarketWire • StorageVault to Issue $10,000,000 of Shares at $0.80 to Acquire $22 Million Class A Storage Asset in Calgary, Alberta |
StorageVault to Issue $10,000,000 of Shares at $0.80 to Acquire $22 Million Class A Storage Asset in Calgary, Alberta |
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StorageVault to Issue $10,000,000 of Shares at $0.80 to Acquire $22 Million Class A Storage Asset in Calgary, Alberta
CALGARY, ALBERTA--(Marketwired - July 4, 2016) - STORAGEVAULT CANADA INC. ("StorageVault") (TSX VENTURE:SVI) has entered into an asset purchase agreement executed on June 30, 2016 with a vendor (the "Vendor") to purchase for an aggregate purchase price of $22,000,000, subject to customary adjustments, all of the self storage assets, property and business used in the operation of one Calgary, Alberta area self storage store owned by the Vendor (the "Acquisition"). The Acquisition is an arm's length transaction. It is anticipated that the closing of the Acquisition will occur on or around August 31, 2016. This will be StorageVault's 5th location in the Alberta market.
View More : http://www.marketwired.com/mw/release.do?id=2139507&sourceType=3
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