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Mission Ready Services Inc
Symbol MRS
Shares Issued 53,687,787
Close 2014-11-21 C$ 0.35
Market Cap C$ 18,790,725
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Mission Ready Services holders approve all items at AGM

2014-11-24 08:34 ET - News Release

Mr. Rod Reum reports

MISSION READY SERVICES INC. PROVIDES AGM RESULTS

Mission Ready Services Inc.'s shareholders approved all resolutions brought before them at the company's annual general meeting and special meeting held in Vancouver on Nov. 21, 2014.

The company provides the following report on the voting results of the matters considered at the AGM, the particulars of which are set out in more detail in the company's information circular dated Oct. 17, 2014:

  • Election of directors: Rodney Reum, Peter Fuller, David Smalley, Paul Litchfield, Vitor Fonseca stood for election and were duly elected as directors of the company for the ensuing year.
  • Appointment and remuneration of auditors: WDM Chartered Accountants was reappointed as the auditor of the company for the ensuing year and the directors were authorized to fix its remuneration.
  • Approval of stock option plan: Shareholders approved the ratification and amendment of the company's stock option plan, which authorized directors to reserve up to a maximum of 20 per cent of the issued and outstanding shares of the company.
  • Approval of amendment to the company's articles to authorize the company to hold future annual general or special meetings outside the province of British Columbia.

The directors held a meeting following the annual general meeting and appointed the following:

  • Mr. Reum, chairman of the board;
  • Mr. Fonseca, lead director;
  • Audit committee: Vitor Fonseca -- chairman, Mr. Smalley, Mr. Litchfield;
  • Compensation committee: Mr. Litchfield -- chairman, Mr. Smalley, Mr. Fonseca;
  • Governance committee: Mr. Smalley -- chairman, Mr. Reum, Mr. Fuller.

The company thanks outgoing directors Randall Rhode and Larry Doan for their past services in this capacity and is pleased to announce that both will continue to provide services to the company as members of its advisory committee.

The company also reports that it has granted its newest director, Mr. Litchfield, stock options to purchase up to 150,000 common shares, pursuant to the company's stock option plan, at an exercise price of 35 cents per share (based on the closing market share price on Sept. 21, 2014) for a period of 10 years.

It was also announced at the AGM that the company will be seeking a U.S. OTCQX listing.

The board of directors would like to thank the shareholders for their continued support.

We seek Safe Harbor.

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