12:49:48 EDT Fri 19 Apr 2024
Enter Symbol
or Name
USA
CA



Mission Ready Services Inc
Symbol MRS
Shares Issued 36,807,787
Close 2014-04-14 C$ 0.23
Market Cap C$ 8,465,791
Recent Sedar Documents

Mission Ready closes $1.5-million financing

2014-04-16 20:10 ET - News Release

Mr. Rod Reum reports

MISSION READY CLOSES $1.5M PRIVATE PLACEMENT

Mission Ready Services Inc. has closed a $1.5-million private placement offering, first announced March 11, 2014, of units of the company at an issue price of 25 cents per unit, each unit consisting of one common share of the company and one share purchase warrant of the company. Each warrant shall entitle the holder thereof to acquire one additional share at an exercise price of 50 cents per warrant share and expiring on Aug. 26, 2015.

The closing took place in two tranches, with 5.12 million units closing on April 1, 2014, and restricted for resale until Aug. 2, 2014, and the remaining 880,000 units closing on April 16, 2014, and restricted for resale until Aug. 17, 2014.

The units were sold, on a private placement basis, to persons who qualified as accredited investors or by other such exemptions available under applicable securities legislation in Canada and other jurisdictions determined by the company. The securities offered are subject to resale restrictions pursuant to the applicable securities laws.

In consideration, finders were paid a cash commission of $90,800 and 236,400 broker units warrants. Each unit comprises one share and one warrant. Each warrant shall entitle the holder thereof to acquire one additional share at a price of 50 cents per warrant share and expiring on Aug. 26, 2015.

We seek Safe Harbor.

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