VANCOUVER, British Columbia, March 19, 2019 (GLOBE NEWSWIRE) — 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.
2019 AGM
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.
Board Change
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.
Private Placement
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.