VANCOUVER, British Columbia, April 02, 2019 (GLOBE NEWSWIRE) -- Mission Ready Solutions Inc. (“ Mission Ready ” or the “ Company ”) (TSXV: MRS) is pleased to announce that it has completed the non-brokered private placement (the " Offering ") described in its news release of March 8, 2019. In connection with the closing of the Offering, the Company issued an aggregate of 10,889,500 units (the " Units ") at a price of CDN$0.25 per Unit for gross proceeds of CDN$2,722,375. Each Unit consists of one common share in the capital of the Company (a “ Share ”) and one whole transferable common share purchase warrant (a “ Warrant ”). Each whole Warrant is exercisable to acquire one Share at an exercise price of CDN$0.40 per Share until April 2, 2020 which is 12 months from the date of issuance.

Insiders of the Company acquired an aggregate of 320,000 Units in the Offering, which participation constituted a "related party transaction" as defined under Multilateral Instrument 61-101  Protection of Minority Security Holders in Special Transactions  (“ MI 61-10 1”). Such participation is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of the Units acquired by the insiders, nor the consideration for the Units paid by such insiders, exceed 25% of the Company's market capitalization. As required by MI 61-101, the Company advises that it expects to file a material change report relating to the Offering less than 21 days before completion of the Offering, which is necessary to complete the Offering in an expeditious manner and is reasonable in the circumstances.

The Company plans to use the proceeds of the Offering for advancing the Company’s targeted growth initiatives, to expand the Company’s sales pipeline and for general working capital.

The Company has paid cash commissions of $107,570.00 and issued 430,280 finder’s warrants (“ Finder’s Warrants ”) to finders as compensation in relation to the Offering. Each Finder’s Warrant is exercisable to acquire one Share at an exercise price of CDN$0.40 per Share until April 2, 2020.

The Offering remains subject to final approval of the TSX Venture Exchange.

The securities issued under the Offering, and any Shares that may be issuable on exercise of any such securities, will be subject to a statutory hold period expiring four months and one day from the date of issuance of such securities.

About Mission Ready Solutions Inc. Headquartered in Vancouver, British Columbia, Canada, Mission Ready innovates and manufactures leading tech-centric defense and tactical solutions to prevent injuries and enhance the performance of military personnel, first-responders and all those who protect us by equipping them with the next generation of personal protective technologies.

Mission Ready is committed to becoming a global leader in personal protective technologies through the strategic growth of its three synergistic business segments; Innovations & Development, Prototyping & Manufacturing, and Product Sales.

Mission Ready trades on the TSX Venture Exchange under the symbol MRS.

For further information, visit MRSCorp.com or contact:

Investor Relations T: 1.877.479.7778 – Ext 500 E: IR@MRSCorp.com

Mission Ready Solutions Inc.

(signed “Jeffery L. Schwartz”)

Jeffery L. Schwartz, President & CEO

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the  United States Securities Act of 1933 , as amended (the " U.S. Securities Act "), or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the  U.S. Securities Act  and applicable state securities laws or an exemption from such registration is available.

This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "anticipate", "believe", "plan", "expect", "intend", "estimate", "forecast", "project", "budget", "schedule", "may", "will", "could", "might", "should" or variations of such words or similar words or expressions. Forward-looking information is based on reasonable assumptions that have been made by Mission Ready Solutions Inc. as at the date of such information and is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Mission Ready Solutions Inc. to be materially different from those expressed or implied by such forward-looking information.

Forward-looking statements are based on assumptions management believes to be reasonable. Although Mission Ready Solutions Inc. has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information.  Mission Ready Solutions Inc. does not undertake to update any forward-looking information that is included herein, except in accordance with applicable securities laws.

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.