StorageVault Canada to begin issuer bid on C$3.75 million debentures

By Taylor Fox

New York, Jan. 25 – StorageVault Canada Inc. received conditional acceptance from the TSX Venture Exchange to commence a normal course issuer bid to purchase for cancelation C$3.75 million of its outstanding senior unsecured hybrid dentures of the corporation, according to a news release.

StorageVault will also renew its normal course issuer bid to purchase for cancelation up to 18,312,741, or 5%, of the outstanding common shares of the corporation.

The bid will take place during the 12-month period beginning Jan. 25 and ending Jan. 24, 2022.

There are C$75 million of the debentures outstanding.

National Bank Financial Inc. is the agent.

StorageVault operates and owns a self-storage property in Regina, Sask.

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