Completes the Purchase of 2 Storage Assets for $31 Million TORONTO, Dec. 20, 2021 (GLOBE NEWSWIRE) -- STORAGEVAULT CANADA INC. (“StorageVault”) (SVI-TSX-V) is pleased to announce that, further to its October 13, 2021 and November 16, 2021 news releases, it has completed the acquisition of 2 stores (collectively, the “Acquisitions”) from two arm’s length vendor groups (collectively, the “Vendors”), for an aggregate purchase price of $31 million.
The purchase price for the Acquisitions in the amount of $31 million, subject to customary adjustments, was paid with funds on hand.
This completes the purchase of all of the $130 million of transactions announced on October 13, 2021 resulting in StorageVault completing $270.2 million of transactions in fiscal 2021 and over $500 million when combined with fiscal 2020 purchases.
Issuance of Options
StorageVault has granted, subject to regulatory approval, a total of 7,000,000 options to purchase common shares of StorageVault to directors, officers, employees and consultants of StorageVault. The options were issued with an exercise price of $6.31 per common share and an expiry date of December 20, 2031. After this option issuance, StorageVault has 30,489,650 options issued and outstanding.
https://www.globenewswire.com/news-release/2021/12/21/2355724/0/en/StorageVault-Completes-the-Purchase-of-2-Storage-Assets-for-31-Million-for-a-Total-of-270-Million-for-Fiscal-2021-Issues-Options.html