StorageVault Completes Acquisition of Property in Edmonton, Alberta
27 Mai 2014 - 10:01PM
Marketwired
StorageVault Completes Acquisition of Property in Edmonton, Alberta
REGINA, SASKATCHEWAN--(Marketwired - May 27, 2014) -
STORAGEVAULT CANADA INC. ("StorageVault") (TSX-VENTURE:SVI) is
pleased to announce that further to its press release dated May 9,
2014, it has completed the purchase of the property located in
Edmonton, Alberta from an arm's length third party for the
aggregate purchase price of $1,500,000 (subject to customary
adjustments).
About the
Property
The acquired
property is approximately 3.0 acres in size and is located in the
Maple Ridge Industrial Park in Edmonton, Alberta. Approximately 1.5
acres of the acquired property is developed as a compacted gravel
compound, which includes an office dwelling and a 2300 sq. ft.
steel framed building on a concrete pad. StorageVault intends to
launch and operate a PUPS portable storage business from the
location to serve the City of Edmonton and the surrounding
area.
About StorageVault
Canada Inc.
StorageVault
currently owns and operates Trans Can Mini-Stor in Regina, Kenaston
Self Storage in Winnipeg, B&B Self Storage in Cambridge,
Parksville Mini Storage in the Regional District of Nanaimo, Space
Place Self Storage in Calgary, Airport Road Self Storage in London
and Canadian PUPS in Saskatoon. Trans Can Mini-Stor, Kenaston Self
Storage, B&B Mini Storage, Parksville Mini Storage and Space
Place Self Storage are fixed unit storage facilities operating in
conjunction with Canadian PUPS portable storage franchises at each
location. StorageVault operates Canadian PUPS Portable Storage in
Saskatoon as a stand-alone portable storage franchise. StorageVault
also manages five self-storage facilities in southern Ontario and
intends to continue to grow its business through the acquisition of
additional self-storage properties, and organically as master
franchisee through the development of Canadian PUPS portable
storage facilities in Canada.
Neither the TSX
Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this
release.
Forward-Looking
Information: This news release may contain certain forward-looking
information. All statements included herein, other than statements
of historical fact, is forward-looking information and such
information involves various risks and uncertainties. There can be
no assurance that such information will prove to be accurate, and
actual results and future events could differ materially from those
anticipated in such information. A description of assumptions used
to develop such forward-looking information and a description of
risk factors that may cause actual results to differ materially
from forward-looking information can be found in StorageVault's
disclosure documents on the SEDAR website at
www.sedar.com.
StorageVault Canada Inc.Mr. Alan Simpson(306)
536-3771simpson@storagevaultcanada.comStorageVault Canada Inc.3603
Selinger CrescentRegina, Saskatchewan S4V 2H7
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