StorageVault Canada Inc.
TSX VENTURE : SVI.P

April 30, 2008 17:07 ET

StorageVault Announces Completion of Qualifying Transaction

REGINA, SASKATCHEWAN--(Marketwire - April 30, 2008) - STORAGEVAULT CANADA INC. ("StorageVault") (TSX VENTURE:SVI.P) - is pleased to announce that it has completed the previously announced acquisition by StorageVault of T.C. Mini-Storage Ltd.'s ("T.C. Mini-Storage") assets (the "Assets"), and the business (the "Business") of owning and operating rental storage units in Regina, Saskatchewan. The acquisition of T.C. Mini-Storage's Assets and Business (the "Transaction"), constitutes the "Qualifying Transaction" of StorageVault, as such term is defined by Policy 2.4 of the TSX Venture Exchange Inc. (the "Exchange"). The business of StorageVault will be owning and operating rental storage units near the eastern outskirts of Regina, Saskatchewan.

StorageVault expects that its shares will trade on the Exchange under the symbol "SVI" on or before May 5, 2008.

Please refer to the filing statement of StorageVault dated April 21, 2008, available on SEDAR at www.sedar.com, for additional information.

Reader Advisory

Final completion of the Transaction is subject to a number of conditions, including but not limited to, final Exchange acceptance.

Investors are cautioned that, except as disclosed in the Filing Statement prepared in connection with the Qualifying Transaction, any information released or received with respect to the Qualifying Transaction may not be accurate or complete and should not be relied upon.

The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.

Contact Information

  • StorageVault Canada Inc.
    Alan Simpson
    President, CEO and Director
    (306) 536-3771 or (306) 546-5999