Mission Ready Solutions Inc. announced a non brokered private placement offering of up to 18,750,000 units at a price of CAD 0.08 per unit, for gross proceeds of up to CAD 1,500,000 on November 14, 2022. Each unit will consist of one common share of the company and one transferable common share purchase warrant. Each warrant will entitle the holder to purchase one additional share of the company at a price of CAD 0.15 per share for a period of three years from the date of closing.

The warrants and broker warrants are subject to an acceleration clause whereby in the event that the volume-weighted average price of the company's common shares listed on the TSX Venture Exchange equals or exceeds CAD 0.50 for a period of not less than 5 consecutive trading days, the expiry date of the warrants will be accelerated to a date that is 30 calendar days after the first date such threshold is met. The offering is expected to close on or before December 15, 2022. The offering is not subject to a minimum amount and the maximum gross proceeds of the offering is CAD 1,500,000.

All securities issued in connection with the offering will be subject to a statutory hold period expiring four months and one day after closing of the offering. Finder's fees may be payable in cash and/or securities in connection with the offering, subject to approval of the TSX Venture Exchange. The offering may be closed in one or more tranches as subscriptions are received.