Mission Ready Receives Conditional Approval for Warrant Amendments

VANCOUVER, BRITISH COLUMBIA – February 7, 2020 – Mission Ready Solutions Inc. (“Mission Ready” or the “Company”) (TSXV:MRS) announces that the TSX Venture Exchange has conditionally approved the proposed warrant amendments (the “Arrangement”) – first announced in a Company news release dated January 23, 2020 – with the following revisions to the proposed terms:

Original Issuance Date
Original Proposed Quantity to be Amended
Revised Quantity to be Amended Original Proposed Exercise Price Revised Exercise Price
April 2, 2019 11,261,380 10,889,500 C$0.28 C$0.27
August 15, 2019 1,737,000 1,055,000 C$0.22 C$0.25
12,998,380 11,944,500

Insider holdings related to the August 15, 2019 issuance exceed the 10% threshold pursuant to TSX Venture Exchange (“TSXV”) Policy 4.1 (the “Policy”), section 3.3(d) and have been voluntarily excluded in order to facilitate the amendment of the remaining 1,055,000 non-insider warrants. Additionally, in compliance with the Policy, 371,880 finder’s warrants have been excluded from the amendments, and the exercise prices have been adjusted to reflect the market price of the Company’s shares on the price reservation date relative to the offering through which the warrants were issued.

About Mission Ready Solutions Inc.

Mission Ready specializes in providing comprehensive government contracting solutions through its privileged access to a host of government contracting vehicles including multiple General Services Administration (“GSA”) Schedules and the Tailored Logistics Support (“TLS”) Special Operations Equipment (“SOE”) contract administered by the United States Defense Logistics Agency (“DLA”).

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 multi-billion-dollar TLS program developed and supported by the 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 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 Relations 

T: 1.877.479.7778 – Ext 5
E: IR@MRSCorp.com

Mission Ready Solutions Inc.

(signed “Jeffery L. Schwartz”)

Jeffery L. Schwartz,
President & CEO
T: 1.877.479.7778

Neither 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.

Forward-Looking Information

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. 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.