VANCOUVER, B.C. – Mission Ready Services Inc. (TSX-V: MRS) – Mission Ready Services Inc. (“Mission Ready” or “MRSI” or the “Company”) shareholders approved all resolutions brought before them at the Company’s Annual General Meeting and Special Meeting (“AGM’) held in Vancouver, British Columbia on November 21, 2014.
The Company provides the following report on the voting results of the matters considered at the AGM, the particulars of which are set out in more detail in the Company’s information circular dated October 17th, 2014:
- Election of Directors: Rodney Reum, Peter Fuller, David Smalley, Paul Litchfield, Vitor Fonseca stood for election and were duly elected as directors of the Company for the ensuing year.
- Appointment and Remuneration of Auditors: WDM Chartered Accountants were re-appointed as the auditor of the Company for the ensuing year and the directors were authorized to fix their remuneration.
- Approval of Stock Option Plan: Shareholders approved the ratification and amendment of the Company’s Stock Option Plan which authorized directors to reserve up to a maximum of 20% of the issued and outstanding shares of the Company.
- Approval of amendment to the Company’s articles to authorize the Company to hold future annual general or special meetings outside of the Province of British Columbia.
The directors held a meeting following the Annual General Meeting and appointed the following:
Rodney Reum, Chairman of the Board
Vitor Fonseca, Lead Director
Vitor Fonseca – Chair, David Smalley, Paul Litchfield
Paul Litchfield – Chair, David Smalley, Vitor Fonseca
David Smalley – Chair, Rodney Reum, Peter Fuller
The Company thanks outgoing Directors, Randall Rhode and Larry Doan, for their past services in this capacity and is pleased to announce that both will continue to provide services to the Company as members of its Advisory Committee.
The Company also reports that it has granted its newest Director, Mr. Paul Litchfield, stock options to purchase up to 150,000 common shares, pursuant to the Company’s stock option plan, at an exercise price of $0.35 per share (based on the closing market share price on September 21, 2014) for a period of 10 years.
It was also announced at the AGM that the Company will be seeking a United States OTCQX listing.
The Board of Directors would like to thank the shareholders for their continued support.
About Mission Ready
MRSI was created to meet a critical need of one of the world’s largest customers, the US Government and in particular the Departments of Defence, Homeland Security and Justice and various other agencies such as law enforcement, first responders and the many others worldwide that help to safeguard our health and security.
Headquartered in Vancouver, BC, MRSI has three distinct, synergistic operating divisions:
- Strategic consulting services and manufacturers representation
- Equipment inspection, decontamination and repair of personal protection equipment
- Product research and development
MRSI’s 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.
MRSI’s 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.
For further information, visit the Company’s website at MissionReady.ca or contact:
Terry Nixon – Director, Corporate Communications
Mission Ready Services Inc.
(signed “Rod Reum”)
President & CEO
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 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. Although Mission Ready Services 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 Services 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.