Mission Ready Announces CAD $3.5 Million Private Placement
08 Julho 2019 - 9:00AM
Mission Ready Solutions Inc. (“
Mission
Ready” or the “
Company”) (TSXV:MRS)
announces that, subject to the approval of the TSX Venture
Exchange, it proposes to raise up to CAD $3,500,000 through a
non‑brokered private placement (the “
Private
Placement”) of up to 14,000,000 units (each, a
“
Unit”) at a price of CAD $0.25 per Unit.
Each Unit will consist of one common share (each, a
“
Share”) in the capital of the Company and one
transferable common share purchase warrant (each, a
“
Warrant”). Each Warrant will entitle
the holder to purchase one additional Share of the Company for a
period of one year at an exercise price of CAD $0.40.
The Company intends to use the proceeds of the
Private Placement to begin funding certain purchase orders
internally (thereby reducing capital costs while improving
order-flow efficiencies), to finalize the implementation of a
scalable enterprise resource planning solution for enhanced
internal reporting and asset management capabilities, and for
general working capital.
Finder’s fees may be payable in connection with the Private
Placement. All securities issued will be subject to a hold
period of four months and one day pursuant to applicable securities
laws.
About Mission Ready Solutions
Inc.Mission Ready innovates, manufactures and distributes
leading defense and tactical solutions to prevent injuries and
enhance the performance of military personnel, first-responders and
all those serving on the front lines by equipping them with the
next generation of personal protective technologies.
Mission Ready’s wholly-owned subsidiary,
Unifire, Inc. (“Unifire”), is 1 of 6 companies
globally that is authorized to provide equipment and designated
services under the multibillion-dollar Tailored Logistics Support
(“TLS”) Program developed and supported by the
United States Defense Logistics Agency (“DLA”).
Unifire is a designated Small Business and an industry-leading
manufacturer and distributor of over 1.5 million fire, military,
emergency, and law enforcement products. As an incumbent awardee of
DLA’s Special Operations Equipment (“SOE”)
contract, with extensive knowledge and experience in providing
solutions to the US Federal Government, Unifire utilizes its highly
efficient and scalable technology infrastructure to provide
procurement solutions for program managers, military and federal
contracting offices, base supply centers, and other governmental
supply agencies.
Mission Ready trades on the TSX Venture Exchange
under the symbol MRS.
For further information, visit MRSCorp.com or
contact:
Investor RelationsT:
1.877.479.7778 – Ext 500E: IR@MRSCorp.com
Mission Ready Solutions
Inc.
(signed “Jeffery L. Schwartz”)
Jeffery L. Schwartz,President & CEOT:
1.877.479.7778
CAUTIONARY DISCLAIMER STATEMENT:This news
release contains "forward-looking information" within the meaning
of applicable Canadian securities legislation. Generally,
forward-looking information can be identified by the use of
forward-looking terminology such as "anticipate", "believe",
"plan", "expect", "intend", "estimate", "forecast", "project",
"budget", "schedule", "may", "will", "could", "might", "should" or
variations of such words or similar words or expressions.
Forward-looking information is based on reasonable assumptions that
have been made by Mission Ready Solutions Inc. as at the date of
such information and is subject to known and unknown risks,
uncertainties and other factors that may cause the actual results,
level of activity, performance or achievements of Mission Ready
Solutions Inc. to be materially different from those expressed or
implied by such forward-looking information.
Forward-looking statements are based on
assumptions management believes to be reasonable. Although Mission
Ready Solutions Inc. has attempted to identify important factors
that could cause actual results to differ materially from those
contained in forward-looking information, there may be other
factors that cause results not to be as anticipated, estimated or
intended. There can be no assurance that such information will
prove to be accurate, as actual results and future events could
differ materially from those anticipated in such information.
Accordingly, readers should not place undue reliance on
forward-looking information. Mission Ready Solutions Inc.
does not undertake to update any forward-looking information that
is included herein, except in accordance with applicable securities
laws.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release.
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