StorageVault Canada Inc. (TSXV:SVI) entered into an acquisition agreement to acquire self-storage facility in London, Ontario for CAD 2.6 million on January 9, 2013. The purchase price is subject to customary adjustments. The purchase price payment terms for the acquisition consists of initial payment of CAD 0.03 million, a second CAD 0.03 million to be paid upon removal of due diligence conditions and a final cash payment of CAD 2.5 million at closing.

The acquisition agreement is subject to a number of conditions, including the completion of due diligence and environmental investigations, satisfactory financing, TSX approval, approval by the Board of Directors and shareholders of StorageVault. The transaction is expected to close March 25, 2013.