StorageVault Canada Inc. (TSXV:SVI) announced a non-brokered private placement of a minimum of 3,333,334 units and a maximum of 5,833,334 units at CAD 0.30 per unit for minimum gross proceeds of CAD 1,000,000 and maximum gross proceeds CAD 1,750,000 on November 28, 2013. The company will issue a combination of full warrant units and half warrant units, with a maximum of 2,500,000 full warrant units to be issued for CAD 750,000 in the transaction. Each half warrant unit will be comprised of one common share and one-half of one common share purchase warrant, with each whole warrant exercisable into one common share at an exercise price of CAD 0.35 per share for four years from the closing of the transaction. Each full warrant unit will be comprised of one common share and one full common share purchase warrant, with each whole warrant exercisable into one common share at an exercise price of CAD 0.37 per share for four years from the closing of the transaction. The transaction is expected to close on or around mid-January, 2014. The closing of the transaction is subject to regulatory approval, including approval of the TSX Venture Exchange.

On January 20, 2014, StorageVault Canada Inc. cancelled the transaction.