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StorageVault Announces $7 Million 10 Year Term Debt at 4.16%

February 1, 2019 By Globenewswire Tagged With: CA86212H1055, TSX-V:SVI

TORONTO, Feb. 01, 2019 (GLOBE NEWSWIRE) — STORAGEVAULT CANADA INC. (“StorageVault”) (SVI-TSX-V) is pleased to announce that it has completed a $7 million, 10 year term debt financing against one store at a fixed annual interest rate of 4.16%. The proceeds from the term debt financing were used to repay the principal outstanding in relation to the store, with the excess proceeds of $2.6 million being used reduce amounts outstanding under StorageVault’s variable interest credit facility.

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