StorageVault Completes Purchase of Two GTA Storage Assets for $8.2 Million

Source: www.gulfoilandgas.com 7/28/2021, Location: North America

STORAGEVAULT CANADA INC. is pleased to announce that, further to its March 3, 2021 (all transactions from this news release are now closed) and July 8, 2021 news releases, it has completed the acquisition of two stores in the GTA from two vendor groups (the “Acquisitions”), for an aggregate purchase price of $8,150,000. The Acquisitions were arm’s length transactions.

The purchase price for the Acquisitions, subject to customary adjustments, was paid by the issuance of 447,385 common shares of StorageVault (“Payment Shares”) at an aggregate price of $2.15 million with the remainder being paid with funds on hand. The Payment Shares are subject to a hold period that expires four months and a day from the date of issuance of such shares.

With the completion of these two purchases, StorageVault has now closed $132.0 million of transactions to date this year.


Finland >>  8/15/2022 - Kalmar, part of Cargotec, has concluded an agreement to supply international cargo and logistics operator Tropical Shipping with three Kalmar diesel-e...
India >>  7/29/2022 - - The joint venture partners sign the Concession Agreement on July 29th to develop business on the West Coast of India.
- A 30-year JV to upgrade...


Ireland >>  7/25/2022 - To further expand and develop our European logistics offering, DFDS has acquired 100% of the share capital of Lucey Transport Logistics Ltd based in D...
Ireland >>  7/25/2022 - To further expand and develop our European logistics offering, DFDS has acquired 100% of the share capital of Lucey Transport Logistics Ltd based in D...

Angola >>  7/20/2022 - The Ministry of Transport of the Government of Angola has announced the award of the concession tender for rail services and logistics support for the...
France >>  7/18/2022 - ARGAN has signed a sale and leaseback agreement with Renault Group for a 153,000 sq.m logistics platform on a 300,000 sq.m land bank, located in the t...




Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.