Proceeds used for advancement and growth of the company’s initiatives
By Devika Patel
Knoxville, Tenn., March 29 – Mission Ready Services Inc. said it completed a C$1.28 million non-brokered private placement of units. The deal priced for C$1.5 million on Dec. 3.
The company sold 21,376,585 units of a common share and one warrant at C$0.06 per unit.
Each whole warrant is exercisable at C$0.15 until Dec. 18, 2017. The strike price is an 87.5% premium to the Dec. 2 closing share price of C$0.08.
Proceeds will be used for advancement and growth of the company’s initiatives, potential opportunities and general working capital.
The technology company is based in Vancouver, B.C.
| Issuer: | Mission Ready Services Inc.
|
| Issue: | Units of a common share and one warrant
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| Amount: | C$1,282,595
|
| Units: | 21,376,585
|
| Price: | C$0.06
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| Warrants: | One warrant per unit
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| Warrant expiration: | Dec. 18, 2017
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| Warrant strike price: | C$0.15
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| Agents: | Non-brokered
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| Pricing date: | Dec. 3
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| Settlement date: | March 29
|
| Stock symbol: | TSX Venture: MRS
|
| Stock price: | C$0.08 at close Dec. 2
|
| Market capitalization: | C$3.79 million
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