Mission Ready Provides Update on Status of Unifire Acquisition & Announces Non-Brokered Private Placement

VANCOUVER, BRITISH COLUMBIA – March 8, 2019 – Mission Ready Solutions Inc. (“Mission Ready” or the “Company”) (TSXV: MRS) reports that, further to its February 12, 2019 announcement related to the escrowed close of the acquisition of Unifire, Inc. (“Unifire”), the Company is pleased with the recent progress made in meeting the requirements pursuant to TSX Venture Exchange (“TSXV”) Policy 5.3, and is working diligently to complete its submission for final acceptance as quickly as possible.

Unifire Receives TLS Contract Extensions
On March 7, 2019, Unifire was awarded a bridge contract (the “SOE Bridge Contract”) with the Defense Logistics Agency (“DLA”) to extend its current Tailored Logistics Services (“TLS”) Special Operations Equipment (“SOE”) contract for an additional year with the new expiration date being March 6, 2020. The SOE Bridge Contract – carrying a maximum dollar value of USD$4 billion – was awarded to the six incumbent TLS SOE contract holders, including Unifire, and will continue coverage of the full line of SOE and incidental services under the DLA Troop Support SOE TLS program. Additional information on the SOE Bridge Contract can be viewed at the following link:


Unifire Growth – Credit Facilities
The Company is also pleased to report that all documentation related to the previously referenced scalable USD$20MM revolving supplier credit facility (the “Credit Facility”) provided to Unifire by Capstone Capital Group, LLC (“Capstone”) has been finalized and includes provisions for the uninterrupted assignment of the Credit Facility to Mission Ready upon the Company’s receipt of final acceptance of the acquisition of Unifire by the TSXV.

Private Placement Offering
Mission Ready also announces that, subject to the approval of the TSX Venture Exchange, it proposes to raise up to CAD$2,000,000 through a non‑brokered private placement (the “Private Placement”) of up to 8,000,000 units (the “Units“) at a price of $0.25 per Unit. 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.

The Company plans to use the proceeds of the Private Placement for advancing the Company’s targeted growth initiatives, to expand the Company’s sales pipeline and for general working capital.

Finder’s fees may be payable in connection with the Private Placement. All securities issued will be subject to a hold period of four months and one day pursuant to applicable securities laws.

About Unifire, Inc.
Founded in 1987, Unifire is a specialized solutions provider to the US Defense Logistics Agency, and one of 6 Companies worldwide that is authorized to provide equipment and designated services under the multi billion-dollar Tailored Logistics Support framework. Unifire is a Service-Disabled Veteran Owned 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 TLS and Fire and Emergency Services (“FES”) contracts 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.