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BRIEF-StorageVault Canada announces $135 million bought deal offering of common shares

Published 2017-06-28, 04:25 p/m
Updated 2017-06-28, 04:30 p/m
© Reuters.  BRIEF-StorageVault Canada announces $135 million bought deal offering of common shares

© Reuters. BRIEF-StorageVault Canada announces $135 million bought deal offering of common shares

June 28 (Reuters) - Storage Vault Canada Inc SVI.V

* Storagevault Canada Inc. Announces $135 million bought deal offering of common shares

* Storage vault Canada Inc - entered into an agreemen to sell, on a bought deal basis, 50.9 million common shares

* Storage vault Canada Inc - offering consists of 32.1 million common shares from treasury and 18.9 million common shares sold on a secondary basis

* Storage vault Canada Inc - shares will be offered at a price of $2.65 per share, for gross proceeds to corporation of approximately $85 million

* Storage vault Canada-net proceeds of treasury offering to be used to pay down debt under current credit facilities, fund previously announced, future deals Source text for Eikon: ID:nCCNbMkbla Further company coverage: SVI.V

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