StorageVault Canada Funds Self-Storage Purchases With Share Sale

StorageVault Canada Inc. plans to sell C$6 million in shares to fund the acquisition of additional fixed-unit self-storage facilities for Canadian PUPS Inc., its portable storage business in Regina, Saskatchewan.

StorageVault Canada Inc. plans to sell approximately C$6 million ($5.7 million) of common shares at a price of C$0.23 per common share to fund self-storage expansion. The offering of up to 26,086,957 shares is scheduled to close on or about Sept. 19 subject to the execution of an agency agreement, TSX Venture Exchange acceptance and other usual conditions. The net proceeds of the offering will be used to fund the acquisition of additional fixed-unit self-storage facilities for Canadian PUPS Inc., its portable storage business in Regina, Saskatchewan. For more information, call 306.536.3771.

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