Vendors”) for an aggregate purchase price of $29,450,000, subject to customary adjustments (the “
Acquisitions”). One of the Acquisitions is arm’s length and one for $27,750,000 is a related party acquisition (the
“Related Party Acquisition”) with Access Self Storage Inc. or its affiliates or associates (collectively, “
Access”) as the Vendor. It is anticipated that the Acquisitions will close in Q2 2021.
One asset is located in Ontario and the other in Alberta. These Acquisitions are incremental to the previously announced transactions as disclosed on March 3, 2021 and April 1, 2021.
Purchase Price and Payment
The aggregate purchase price is $29,450,000, subject to adjustments, and is payable by the issuance of an aggregate of up to approximately $4,000,000 of StorageVault common shares to certain of the Vendors based on an agreed upon VWAP ending two days prior to closing, with the remainder of the aggregate purchase price being paid with funds on hand and mo
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