STORAGEVAULT CANADA INC. ("StorageVault") (TSX VENTURE:SVI) is pleased to announce that StorageVault intends to complete a non-brokered private placement of a combination of half warrant units (each, a "Half Warrant Unit")

STORAGEVAULT CANADA INC. ("StorageVault") (TSX VENTURE:SVI) is pleased to announce that StorageVault intends to complete a 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 a minimum of $1,000,000 (3,333,334 units) and a maximum of $1,750,000 (5,833,334 units) (collectively, the "Offering"). 

Each Half Warrant Unit will be 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 will be comprised of one common share ("Common Share") in the share capital of StorageVault and one full Common Share purchase warrant (a "$0.37 Warrant") with each whole $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. StorageVault will only be issuing a maximum of $750,000 of Full Warrant Units pursuant to the Offering (a maximum of 2,500,000 Full Warrant Units). Closing of the Offering is anticipated to occur on or around mid-January, 2014.

Proceeds of the Offering will be used for the continued expansion of PUPS Portable Storage in 2014, including the launch of new locations in Edmonton AB, and London, ON.

Anyone interested in participating in the Offering should contact StorageVault at: simpson@storagevaultcanada.com