VANCOUVER, BRITISH COLUMBIA – March 19, 2019 – Mission Ready Solutions Inc. (“Mission Ready” or the “Company”) (TSXV: MRS) is pleased to announce the details of its 2019 AGM, report on changes to the Company’s board and Advisory Committee, and provide an update on its current private placement offering.
Mission Ready announces that it will hold its 2019 Annual General Meeting of its shareholders (the “AGM”) at 11:00AM Eastern Time on June 26, 2019 in McLean, Virginia, USA. The AGM materials will be mailed out no later than June 5, 2019 to persons who are registered as shareholders of the Company as of 5:00PM Pacific Time on the Record Date, May 17, 2019. Proxies to be voted at the AGM must be submitted no later than 48 hours (excluding Saturday, Sunday and holidays) prior to the AGM. Further information on the Company’s 2019 AGM can be found in the Investors section at www.MRSCorp.com.
Mission Ready reports that William Bratton has accepted a position on the Company’s Advisory Committee, effective immediately, following his resignation from the Company’s board of directors. Mr. Bratton has stated his desire to continue to assist the Company in an advisory capacity but has cited limited availability for board participation as Mission Ready’s governance demands continue to increase in anticipation of growth and the addition of operational and management personnel.
Mission Ready management wish to offer their most sincere appreciation to Commissioner Bratton for his service on the Company’s board and to extend their further appreciation for his continued service as a member of its Advisory Committee.
Mission Ready announces that its current private placement offering, first announced March 8, 2019 (the (“Offering”), has been oversubscribed and, subject to the approval of the TSX Venture Exchange, the Company intends to increase the Offering from 8,000,000 units (“Units”) at $0.25 to 12,000,000 Units at $0.25 for total gross proceeds of up to $3,000,000.
Each Unit will consist of one common share (each a “Share“) in the capital of the Company and one transferable common share purchase warrant (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 $0.40.
About Mission Ready Solutions Inc.
Headquartered in Vancouver, British Columbia, Canada, Mission Ready innovates and manufactures leading tech-centric defense and tactical solutions to prevent injuries and enhance the performance of military personnel, first-responders and all those who protect us by equipping them with the next generation of personal protective technologies.
Mission Ready is committed to becoming a global leader in personal protective technologies through the strategic growth of its three synergistic business segments; Innovations & Development, Prototyping & Manufacturing, and Product Sales.
Mission Ready trades on the TSX Venture Exchange under the symbol MRS.
For further information, visit MRSCorp.com or contact:
T: 1.877.479.7778 – Ext 500
Mission Ready Solutions Inc.
(signed “Jeffery L. Schwartz”)
Jeffery L. Schwartz,
President & CEO
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 TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.