Revised: Mission Ready Announces $1.5M Private Placement, Engages Investor Relations Firmadmin
Vancouver, BC / ACCESSWIRE / March 10 2014 / Mission Ready Services Inc., (MRS: TSX-V), (“Mission Ready” or the “Company”) is pleased to announce a private placement offering (the “Offering”) of units of the Company, at an issue price of $0.25 per unit, each Unit consisting of (a) one common share of the Company (a “Share” or “Shares”), and (b) one share purchase warrant (a “Warrant”) of the Company (a “Unit” or “Units“). Each Warrant shall entitle the holder thereof to acquire one additional Share (a “Warrant Share” or “Warrant Shares“) at a price of $0.50 per Warrant Share until August 26, 2015.
The Units will be sold, on a private placement basis, to persons who qualify as “accredited investors” or other such exemptions available under applicable securities legislation in Canada and other jurisdictions determined by the Company. The securities offered pursuant to the Offering will be subject to resale restriction pursuant to the applicable securities laws.
Finders shall be entitled to (i) a cash commission up to 8% of the gross proceeds of the Offering; (ii) Finder unit warrants up to 8% of the Units subscribed for where allowable as per securities regulations. Each unit is comprised of one Share and one non-transferable Warrant. Each Warrant shall entitle the holder thereof to acquire one additional Share at a price of $0.50 per Warrant Share until August 26, 2015
In addition, Kin Communications Inc. (“Kin”) has been engaged to provide investor relations services to the Company.
Kin is one of Canada’s leading full-service investor relations firms. Kin has a proven track record of generating interest in their clients, building an active shareholder base, and solidifying communications that differentiates clients from their peers.
Having worked with several of the TSX’s top performing companies, Kin will assist Mission Ready in increasing public awareness by managing the Company’s corporate communications, marketing endeavors, and ongoing engagement with shareholders, finance professionals, and media contacts.
For more information, please visit www.kincommunications.com.
Kin will be paid $60,000 plus GST for an initial term of 6 months, and $10,000 per month thereafter, and will be granted 350,000 stock options of the Company, exercisable at $0.25 cents per share. The options will vest at a rate of 25% per quarter from the date of the grant and will be exercisable for a period of 5 years. The Agreement and the grant of options are subject to regulatory approval. The Company has been advised that, Kin nor its principals own any shares of Mission Ready.
Mission Ready Services Inc.
President & CEO
For further information, visit the Company’s website at www.missionready.ca
Terry Nixon, Director, Corporate Communications
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Posted: March 10th, 2014 under ACCESSWIRE.