BRIEF-Storagevault Canada says upsizes previously announced shares offering

Thu Jul 28, 2016 8:51am EDT
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July 28 (Reuters) - Storagevault Canada Inc

* Storagevault canada inc. announces increase to previously announced bought deal offering from $35 million to $50 million in gross proceeds

* Upsized its previously announced offering of common shares to 58.8 million shares at a price of $0.85 per share

* Proceeds to be used to fund acquisitions, pay down debt outstanding under current credit facilities Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)