MISSION READY SERVICES INC. ("MRS")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: October 22, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced September 19, 2014 and September 24, 2014:
Number of Shares: 16,000,000 shares
Purchase Price: $0.25 per share
Warrants: 8,000,000 share purchase warrants to purchase 8,000,000 shares
Warrant Exercise Price: $0.50 for a three year period, subject to an acceleration clause
Number of Placees: 96 placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
Aggregate Pro Group Involvement P 1,450,000
[8 placees]
Finder's Fee: Canaccord Genuity Corp. $57,840 cash and 231,360 Warrants expiring September 30, 2015 payable.
Haywood Securities Inc. $40,875 cash and 163,500 Warrants expiring September 30, 2015 payable.
Wolverton Securities Ltd. $30,000 cash and 120,000 Warrants expiring September 30, 2017 payable.
PI Financial Corp. $24,000 cash and 96,000 Warrants expiring September 30, 2015 payable.
First Republic Capital Corp. $39,250 cash and 162,000 Warrants expiring September 30, 2015 payable.
Hampton Securities Limited $1,250 cash payable.
GMP Securities LP $1,500 cash and 6,000 Warrants expiring September 30, 2015 payable.
-Each Warrant is exercisable into one common share at $0.50, subject to an acceleration clause.
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company must issue a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). The Company must also issue a news release if the private placement does not close promptly. [Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.]
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