Mission Ready Announces Closing of Final Tranche of Non-Brokered Private Placement Offering

VANCOUVER, BRITISH COLUMBIA, CANADA – January 18, 2023 – Mission Ready Solutions Inc. (“Mission Ready” or the “Company“) (TSXV: MRS) (OTCQX: MSNVF) (FSE: 2R4), a provider of comprehensive government contracting solutions, announces that, further to its news release dated December 19, 2022, and subject to the final approval of the TSX Venture Exchange (the “Exchange“), it has closed its non-brokered private placement (the “Private Placement“), first announced November 13, 2022, issuing an aggregate of 12,531,000 units (each a “Unit“) at a price of $0.08 per Unit, raising gross proceeds of $1,002,480; $876,630 and $125,850 in tranches 1 and 2, respectively.

Each Unit consists of one common share (a “Share“) of the Company and one transferable common share purchase warrant (a “Warrant“). Each Warrant entitles the holder to purchase one additional Share of the Company at a price of $0.15 per Share for a period of three (3) years from the date of closing of the Private Placement (the “Expiry Date“).

The net proceeds of the Private Placement will be used for ongoing activities and general corporate purposes.

Buck L. Marshall, the President, CEO and a director of the Company, purchased 1,532,625 Units in the Private Placement. As a result, the Private Placement is considered a related party transaction (as defined under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101“)). The Company is relying on section 5.5(a) and 5.7(a) as neither the fair market value of the subject matter of, nor the fair market value of the consideration for, the Private Placement will exceed 25 percent of the Company’s market capitalization (calculated in accordance with MI 61-101).

The Company paid finder’s fee of $4,636.80 cash and 57,690 finder’s warrants (the “Finder’s Warrants“) to Haywood Securities Inc. in connection with the closing of the final tranche of the Private Placement. The Finder’s Warrants are non-transferable and exercisable at $0.15 per Share until the Expiry Date.

All securities issued in the Private Placement are subject to the Exchange hold period plus a hold period of four months and one day expiring on May 18, 2023.


About Mission Ready Solutions Inc.

Mission Ready Solutions provides comprehensive government contracting solutions with extensive experience in delivering quality, reliable, mission-critical products and services for law enforcement, firefighters, first responders, military, and other governmental agencies.

Through its privileged access to a host of federal contracting vehicles, including Multiple Award Schedule (“MAS“) contracts awarded and administered by the United States General Services Administration, Mission Ready’s wholly-owned subsidiary, Unifire, Inc., leverages its robust vendor network, time-proven industry relationships, proprietary technology infrastructure, and industry-leading manufacturing and distribution capabilities to efficiently source and deliver more than 1.5 million products.

For further information on Mission Ready Solutions Inc., please visit MRSCorp.com.
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Mission Ready Solutions Inc.

(Signed “Buck L. Marshall”)

Buck L. Marshall
President, CEO and Director
T: +1 877.479.7778

Investor Relations Contact:

Dominic Gray
T: +1 877.479.7778 (Ext.5)

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.

The securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements.

This news release does not constitute an offer for sale of securities for sale, nor a solicitation for offers to buy any securities. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the company and management, as well as financial statements.

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