- Underwriters, led by Scotiabank and CIBC World Markets Inc. have exercised their over-allotment option in connection with a previously announced bought deal offering
- The underwriters have agreed to purchase an additional $7.5 million principal amount of debentures, for additional gross proceeds of $7.5 million
- Gross proceeds from the offering totalled $57.5 million
- StorageVault Canada owns and operates 223 storage locations across Canada
- StorageVault Canada Inc. (SVI) opened trading at C4.95 per share
Underwriters have exercised their over-allotment option in connection with a previously announced bought deal offering.
The underwriters have agreed to purchase an additional $7.5 million principal amount of debentures, for additional gross proceeds of $7.5 million.
Scotiabank and CIBC World Markets Inc. led the syndicate of underwriters, which included National Bank Financial Inc., TD Securities Inc., BMO Nesbitt Burns Inc., RBC Dominion Securities Inc., Canaccord Genuity Corp., Cormark Securities Inc. and Stifel Nicolaus Canada Inc.
Gross proceeds from the offering totalled $57.5 million.
The net proceeds of the offering will be used to fund potential future acquisition opportunities and for general corporate purposes.
StorageVault Canada owns and operates 223 storage locations in the provinces of British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, and Nova Scotia. StorageVault owns 183 of these locations plus over 4,400 portable storage units representing over 10.2 million rentable square feet on over 600 acres of land.
StorageVault Canada Inc. (SVI) opened trading at C4.95 per share.