Mission Ready Secures $10,000,000 Equity Facility with New York Private Equity Firm, Alumina Partners LLC
Summary
The securities sold and purchased in connection with each placement shall be issued subject to a definitive investment agreement between Alumina Partners and the Company.This arrangement comes at an excellent time for the Company as we roll out our portfolio of protective products, now being manufactured by us, and move forward with our growth initiatives planned for the next 24 months. We are honored to have been selected by Alumina Partners and look forward to leveraging this opportunity to maximize Mission Readys capital resources while, at the same time, limit dilution for our shareholders as much as possible. Our armed services and first responders are the shield that protects us all, and in order to better protect them Mission Ready is introducing tomorrows technologies today.About Alumina Partners LLC Alumina Partners is a New York-based private investment partnership of experienced accredited investors who came together to bring sensible, responsive, accretive, non-predatory and non-disruptive institutional investment back to the emerging growth arena. Their focus on understanding the unique challenges faced by emerging growth issuers helps them tailor each investment to better accelerate the unlocking of meaningful shareholder value.About Mission Ready MRSIs mission is to save lives and enhance the performance of military personnel, first responders, and those who protect us by working to ensure they are equipped with the best possible personal protective equipment.Headquartered in Vancouver, BC, Mission Ready has three distinct, synergistic operating divisions:Mission Readys management team offers over 100 years of combined industry experience and is composed of industry experts in developing products, contracting, and selling to the federal government, first responders and tactical markets through open market procurements, teaming arrangements, and a variety of federal contract tools.For further information, visit MissionReady.ca or contact:This news release contains forward-looking information within the meaning of applicable Canadian securities legislation. Forward-looking information is based on reasonable assumptions that have been made by Mission Ready Services 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 Services 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.