Mission Ready Services Inc. (TSXV:MRS) announced a non-brokered private placement of 11,000,000 units at a price of CAD 0.10 per unit for gross proceeds of CAD 1,100,000 on January 4, 2017. Each unit consists of one common share and one common share purchase warrant. Each warrant can be exercised to acquire one common share at a price of CAD 0.15 per share till December 21, 2018. The unit warrants are subject to a forced exercise provision whereby, if the volume weighted average price for the its common shares is CAD 1.00 or greater for a period of not less than 10 consecutive trading days from a date beginning four months and one day following the date of issue, and so elects, the holders of unit warrants will have 30 calendar days to exercise all or a portion of their unit warrants. Any unit warrants remaining unexercised after the expiration of the 30-day notice period will be cancelled and will thereafter be of no force or effect. The transaction is subject to approval from of all necessary corporate approvals and TSX Venture Exchange approval. The securities are being subject to four months and one day hold period.