STORAGEVAULT CANADA INC. (“ StorageVault“) ( TSX VENTURE:SVI): Further to a press release dated February 5, 2014, StorageVault is pleased to announce that StorageVault has completed its non-brokered private placement of a combination of half warrant units (each, a “ Half Warrant Unit“) and full warrant units (each, a “ Full Warrant Unit“) at a price of $0.30 per either a Half Warrant Unit or a Full Warrant Unit for aggregate gross proceeds of $1,000,000 (3,333,333 units) (the “ Offering“). A total of $850,000 of Full Warrant Units (2,833,334 units) and $150,000 of Half Warrant Units (499,999 units) were issued pursuant to the Offering. Each Half Warrant Unit is comprised of one common share (“ Common Share“) in the share capital of StorageVault and one-half (1/2) of one Common Share purchase warrant (a “$0.35 Warrant“) with each whole $0.35 Warrant being exercisable for four years from the closing of the Offering into one Common Share at an exercise price of $0.35 per share. Each Full Warrant Unit is comprised of one Common Share and one full Common Share purchase warrant (a “$0.37 Warrant“) with each $0.37 Warrant being exercisable for four years from the closing of the Offering into one Common Share at an exercise price of $0.37 per share.

Proceeds of the Offering will be used for the continued expansion of PUPS Portable Storage in 2014, including the launch of planned new locations in Edmonton, AB and London, ON. The securities issued pursuant to the Offering are subject to a four month hold period (until June 25, 2014). After giving effect to the Offering, StorageVault has 36,689,044 Common Shares issued and outstanding.

The completion of the Offering is subject to final TSX Venture Exchange approval. A company controlled by individuals who are directors and officers of StorageVault participated in the Offering purchasing a total of $140,000 of the Half Warrant Units (466,666 units) and $90,000 of the Full Warrant Units (300,000 units). In addition, two companies that are currently insiders of StorageVault purchased a total of $750,000 of the Full Warrant Units (2,500,000 units). 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 units to these companies (Formal Valuation – Issuer Not Listed on Specified Markets; Minority Approval – Fair Market Value Not More Than $2,500,000). No new insiders were created, nor any change of control occurred, as a result of this Offering.

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.

(via MarketWired)

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