StorageVault Announces Stock Option Issuance

Posted by MiniCo on Jun 20, 2014 12:00:00 AM

StorageVault Announces Stock Option Issuance

StorageVault announced today that, subject to regulatory approval, it has granted a total of 400,000 options to purchase common shares of StorageVault to the directors and officers of StorageVault, with an exercise price of $0.33 and an expiry date of June 19, 2024. StorageVault has determined that there are exemptions available from the various requirements of TSX Venture Policy 5.9 and Multilateral Instrument 61-101 for the issuance of these options (Formal Valuation – Issuer Not Listed on Specified Markets; Minority Approval – Fair Market Value Not More Than $2,500,000).

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 and Edmonton. Trans Can Mini-Stor, Kenaston Self Storage, B&B Mini Storage, Parksville Mini Storage, Airport Road Self 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 and Edmonton as stand-alone portable storage franchises. StorageVault 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.