Transfer of Listing to NEX
VANCOUVER, BRITISH COLUMBIA, CANADA – JULY 19, 2023 – Mission Ready Solutions Inc (“Mission Ready” or the “Company”) (TSXV: MRS) (OTC: MSNVF) (FSE: 2R4), announces that the Company’s Board of Directors (the “Board”) and leadership team members have resigned, effective June 30, 2023.
The current circumstances created by prolonged delays in government awarding associated with pending solicitations, along with the recent exclusion from the Ballistic Combat Shirt (BCS) competitive range and the lack of visibility into additional long-term revenues and contracts, have made it impossible to continue with the status quo. As a result, members of the Board believe they can no longer satisfy their fiduciary duties to the Company and the shareholders. The Board has therefore resigned, as has the President and CEO, the CFO, the Director of Corporate Communication of Mission Ready, along with the President and the CFO of Unifire and other leadership team members.
Consequently, the Company does not meet the TSX Venture Exchange (“TSXV” or the “Exchange”) Tier 2 continued listing requirements. Therefore, The TSXV has advised the Company that trading will be suspended, and its listing will be transferred to the NEX Board. NEX is a separate trading board of the TSXV which provides a trading forum for companies that have fallen below the TSXV’s ongoing listing standards. The Company will remain on the NEX until such time it can fulfill the conditions to graduate to TSXV or defaults on the NEX policies or listing requirements.
The Company’s trading symbol will change from MRS to MRS.H on the effective date as a result of the transfer to the NEX. The .H symbol extension differentiates NEX symbols from other symbols on the main stock list of the Exchange.
The Company’s shares under its US listing (OTC: MSNVF) have also been transferred to OTC Pink – Current Information status due to the halt.
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.
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.