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StorageVault to Acquire 2 Storage Locations for $29.45 Million


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 ....

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Parkit Enterprise Inc.: Parkit Announces $28.5 Million Industrial Real Estate Acquisition


Parkit Enterprise Inc.: Parkit Announces $28.5 Million Industrial Real Estate Acquisition
Toronto, Ontario (Newsfile Corp. - March 11, 2021) -
PARKIT ENTERPRISE INC. (TSXV: PKT) (OTC: PKTEF) ( Parkit or the Company ) is pleased to announce that it has agreed to acquire a property located in Ottawa, Ontario (the Property ) for an aggregate purchase price of $28,500,000, subject to customary adjustments (the Proposed Acquisition ). The vendor of the Property, Access Self Storage Inc. (the Vendor ), is a related party to Parkit and the Proposed Acquisition constitutes a non-arm s length transaction. It is anticipated that the Proposed Acquisition will be completed on March 18, 2021, concurrent with the anticipated closing of the Company s previously announced private placement of common shares (see press releases dated March 1, 2021). ....

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