The TSX Venture Exchange has accepted for filing documentation pursuant to an asset purchase agreement dated Sept. 19, 2016, between Storagevault Canada Inc., Access Self Storage Inc., a non-arm's length party, Depotium Self Stockage Inc., a wholly owned subsidiary of Access, and 1934255 Ontario Inc. Pursuant to the terms of the agreement, all of the storage assets, property and business used in three Montreal, Que., self-storage stores owned by Depotium, one Greater Toronto Area self-storage store owned by Access, and all of the portable storage assets and business of 1934255, which consist of 110 portable storage containers, will be acquired. The purchase price for the acquisition is $47,985,000, subject to adjustments, and is payable by the issuance of an aggregate of 7,954,545 common shares of the company for an aggregate deemed price of $7-million, with the remainder being paid with proceeds on hand and first-mortgage financing.

Insider:  Access Self Storage, 7,954,545 shares

The share consideration is to be allocated among the vendors as directed by the vendors.

For further information, please refer to the company's news releases dated Aug. 2, 2016, and Sept. 19, 2016.