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Mission Ready Solutions (TSXV:MRS) announces $1.5M private placement

Defence, Industrial, The Market Online Deal Room
TSXV:MRS
29 November 2022 15:15 (EST)

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Mission Ready Solutions (MRS) has announced a non‑brokered private placement for gross proceeds of up to $1,500,000.

The company will issue up to 18,750,000 units at $0.08 per unit. Each unit will consist of one common share and one share purchase warrant. Each warrant will entitle the holder to purchase one additional share at a price of $0.15 for a period of three years from the date of closing.

Warrants are subject to an acceleration clause.

The offering is expected to close on or before December 15, 2022.

All securities issued will be subject to a statutory four-month hold period.

The net proceeds raised will be used for ongoing activities and general corporate purposes.

Mission Ready Solutions provides government contracting solutions delivering mission-critical products and services for law enforcement, firefighters, first responders, military, and other governmental agencies.

Mission Ready Solutions (MRS) is up 10.53 per cent, trading at $0.105 per share at 3:15 pm ET.


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