MISSION READY SERVICES INC. ("MRS")
BULLETIN TYPE: Private Placement-Non-Brokered, Convertible Debentures
BULLETIN DATE: June 7, 2017
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced April 5, 2017 and April 25, 2017:
Convertible Debenture $800,000
Conversion Price: Convertible into 8,000,000 units at $0.10 consisting of one common share and one common share purchase warrant.
Maturity date: 12 months from closing.
Warrants Each warrant will have a term of three years from the date of issuance of the notes and entitle the holder to purchase one common share. The warrants are exercisable at the price of $0.15
Interest rate: 15% per annum
Number of Placees: 4 Placees
Agent's Fee: First Republic Capital Corp. $40,000 cash and 800,000 broker warrants. Each broker warrant is exercisable for two years at $0.10 into one common share and one share purchase warrant. Each share purchase warrant is exercisable into one common share at $0.15 for three years from closing.
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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