Star Navigation Announces Completion of Private Placement and Shares for Debt Transaction
Brampton, Ontario--(Newsfile Corp. - January 4, 2022) - Star Navigation Systems Group Ltd. (CSE: SNA) (CSE: SNA.CN) ("Star" or the "Company") is pleased to announce that it has closed its previously announced non-brokered private placement of 68,166,667 units in the capital of the Company ("Units") at a purchase price of $0.003 per Unit for gross proceeds of $2,045,000. Each Unit consists of one common share in the capital of the Company and one warrant. Each of the warrants acquired entitles...
2022-01-04 5:30 PM EST
Star Navigation Announces Option Grants
Brampton, Ontario--(Newsfile Corp. - December 3, 2021) - Star Navigation Systems Group Ltd. (CSE: SNA) (CSE: SNA.CN) ("Star" or the "Company"), is pleased to announce that pursuant to its 2006 Incentive Stock Option Plan, as amended, effective December 2, 2021 the Board of Directors of the Company has approved the grant of incentive stock options to purchase 14,500,000 common shares in the capital stock of the Company to certain directors, officers, employees and consultants of the Company....
2021-12-03 6:38 PM EST
Star Navigation Announces $2,000,000 Private Placement
Brampton, Ontario--(Newsfile Corp. - December 1, 2021) - Star Navigation Systems Group Ltd. (CSE: SNA) (CSE: SNA.CN) ("Star" or the "Company") is pleased to announce that it intends to issue 66,666,667 Units by way of private placement (the "Offering") at a subscription price of three ($0.03) cents per Unit. Each Unit consists of one common share in the capital of the Company and one warrant. Each of the warrants acquired entitles the holder to purchase one (1) additional common...
2021-12-01 4:47 PM EST
Star Navigation Systems Group Ltd. Announces Memorandum of Understanding with WheelTug
Brampton, Ontario--(Newsfile Corp. - December 1, 2021) - Star Navigation Systems Group Ltd. (CSE: SNA) (CSE: SNA.CN) ("Star" or the "Company") is pleased to announce that it has signed a Memorandum of Understanding ("MOU') with WheelTug plc, an innovative electric taxi company.The MOU will see the companies cooperate on the collection and analysis of data gathered by Star's on-board technology and WheelTug Vision, the camera array that complements the main WheelTug e-taxi system. The goal is...
2021-12-01 3:46 PM EST
Star Navigation Announces Revocation Order Respecting FFCTO
Brampton, Ontario--(Newsfile Corp. - November 29, 2021) - Star Navigation Systems Group Ltd. (CSE: SNA) (CSE: SNA.CN) ("Star" or the "Company") announces that its previously announced failure-to-file cease trade order ("FFCTO") has been revoked by the Ontario Securities Commission ("OSC"). On November 1, 2019, the OSC issued a FFCTO against the Company due to the Company's failure to file by the prescribed filing deadlines:-audited annual financial statements for the year ended June 30,...
2021-11-29 2:38 PM EST
Star Announces Refiling of Management's Discussion and Analysis at the Request of Staff of the Ontario Securities Commission
Brampton, Ontario--(Newsfile Corp. - November 23, 2021) - Star Navigation Systems Group Ltd. (CSE: SNA) (CSE: SNA.CN) ("Star" or the "Company") is refiling its Management's Discussion and Analysis ("MD&A") disclosures for the year ending June 30, 2021, and the period ended March 31, 2021 at the request of Staff of the Ontario Securities Commission ("OSC") in connection with a staff review. The MD&A's were revised following a review performed on the Management Discussion & Analysis' by the...
2021-11-23 4:52 PM EST
Star Navigation Announces Results of Annual and Special General Meeting
Brampton, Ontario--(Newsfile Corp. - July 23, 2021) - Star Navigation Systems Group Ltd. (CSE: SNA) (CSE: SNA.CN) ("Star" or the "Company") is pleased to announce that its Annual and Special General Meeting of shareholders was held on July 7, 2021.The meeting was held virtually, without the physical presence of its shareholders, in accordance with measures adopted by the Company as part of the fight against COVID-19. All resolutions submitted to the shareholders were passed. Details of those...
2021-07-23 5:53 PM EDT
Star Receives Airbus A320-200 Operational STC for Star-A.D.S
Brampton, Ontario--(Newsfile Corp. - July 6, 2021) - Star Navigation Systems Group Ltd. (CSE: SNA) (CSE: SNA.CN) ("Star" or the "Company") is pleased to announce that it has received the fully operational Supplemental Type Certificate ("STC") from Transport Canada ("TC") for the Star-A.D.S system on an Airbus A320-200 aircraft type.Amir Bhatti, CEO of the Company states, "This is again a testimony that Star has the in-house design capabilities to get approval on an STC from TC and other...
2021-07-06 4:35 PM EDT
Star Navigation Announces Filing of June 30, 2020 Financial Statements
Brampton, Ontario--(Newsfile Corp. - May 27, 2021) - Star Navigation Systems Group Ltd. (CSE: SNA) (CSE: SNA.CN) ("Star" or the "Company") is pleased to announce that it has filed its June 30, 2020 Audited Financial Statements and related Management Discussion and Analysis along with the subsequent quarterly financial statements and related Management Discussion and Analysis for each of the three months ended September 30, 2020 and six months ended December 31, 2020. Star has also applied to...
2021-05-27 9:48 AM EDT
Star Navigation Announces Warrant Extension and Repricing
Brampton, Ontario--(Newsfile Corp. - March 30, 2021) - Star Navigation Systems Group Ltd. (CSE: SNA) (CSE: SNA.CN) ("Star" or the "Company") is pleased to announce that, subject to Canadian Securities Exchange approval, it is extending the terms and reducing the exercise prices of the following share purchase warrants.46,708,000 share purchase warrants issued pursuant to a private placement announced on September 5, 2018 exercisable at $0.065 per share purchase warrant and expiring on...
2021-03-30 3:01 PM EDT
Star Navigation Announces Sales Agreement with Swiss Aviation Group AG
Brampton, Ontario--(Newsfile Corp. - March 16, 2021) - Star Navigation Systems Group Ltd. (CSE: SNA) (CSE: SNA.CN) ("Star" or the "Company") is pleased to announce that it has signed a sales agency agreement (the "Agreement") with Swiss Aviation Group AG ("SAG") out of Switzerland. SAG was founded in 1996. It has over 20 years experience in Airline Start-ups, Turn Arounds and Airport Management Support. It's activities has since expanded into the preparation of Air Operator Certificates,...
2021-03-16 12:11 PM EDT
Star Navigation Systems Group Ltd. Announces Court Approval of Notice of Intent to Make a Proposal
Brampton, Ontario--(Newsfile Corp. - February 26, 2021) - Star Navigation Systems Group Ltd. (CSE: SNA) (CSE: SNA.CN) ("Star" or the "Company") is pleased to announce that upon application by the Proposal trustee, A. Farber & Partners, the Honourable Mr. Justice Cavanagh of the Ontario Superior Court of Justice has approved the Company's formal Proposal to its Creditors to settle outstanding debts as existed on the date of December 11, 2019. The Company has already put the trustee in funds to...
2021-02-26 3:29 PM EST
Star Navigation Announces Corporate Update
Brampton, Ontario--(Newsfile Corp. - January 21, 2021) - Star Navigation Systems Group Ltd. (CSE: SNA) (CSE: SNA.CN) ("Star" or the "Company") is pleased to announce the following Corporate update as of January 21, 2021. Star is diligently working and achieving major milestones towards the aggressive Action Plan 2021 in coordination with all the stakeholders on one page.The Company is progressively working on 4 major priorities: INCREASING STAR'S IMPACT IN BOTH THE DOMESTIC AND INTERNATIONAL...
2021-01-21 1:14 PM EST
Star Navigation Announces Completion of Private Placements
Brampton, Ontario--(Newsfile Corp. - October 13, 2020) - Star Navigation Systems Group Ltd. (CSE: SNA) (CSE: SNA.CN) ("Star" or the "Company") is pleased to announce that it has closed its previously announced non-brokered private placement of 41,634,000 units in the capital of the Company ("Units") at a purchase price of $0.025 per Unit for gross proceeds of $1,040,850. Each Unit consists of one common share in the capital of the Company and one warrant. Each of the warrants acquired...
2020-10-13 5:15 PM EDT
Star Navigation Announces Management Changes
Brampton, Ontario--(Newsfile Corp. - September 16, 2020) - Star Navigation Systems Group Ltd. (CSE: SNA) (CSE: SNA.CN) ("Star' or the "Corporation) is pleased to announce the appointment of Amir Bhatti as the new Chief Executive Officer (CEO) and Anoop Brar as the new Chief Operating Officer (COO) in a proactive attempt to restructure and realign the management team to meet the strategic corporate objectives. Randy Koroll will continue his role as the Chief Financial Officer (CFO) and...
2020-09-16 10:44 AM EDT
Star Navigation Announces Change in AGM Date
Brampton, Ontario--(Newsfile Corp. - March 17, 2020) - Star Navigation Systems Group Ltd. (CSE: SNA) (CSE: SNA.CN) ("Star" or the "Company") announces that the Order of the Ontario Superior Court of Justice dated January 17, 2020, ordering Star to hold an Annual General and Special Meeting of shareholders (the "AGM"), has been varied.(Please see Press Releases January 22, 2020 and February 12, 2020),The Company has now been permitted by the Court to hold its next Annual General and Special...
2020-03-17 2:00 PM EDT
Star Navigation Increases Exercise Period of Warrants
Brampton, Ontario--(Newsfile Corp. - March 12, 2020) - Star Navigation Systems Group Ltd. (CSE: SNA) (CSE: SNA.CN) ("Star" or the "Company") announces that, in response to feedback from investors, the term of the warrants to be issued in the recently announced Financing (see Press Releases March 10, 2020), has been increased to two (2) years.This correction does not change any other information reported in the Initial Press Release. About Star Navigation:Star Navigation Systems Group Ltd....
2020-03-12 12:48 PM EDT
CORRECTION FROM SOURCE: Star Navigation Announces Correction to Press Release Announcing Private Placement, and Debt Conversion
Brampton, Ontario--(Newsfile Corp. - March 10, 2020) - Star Navigation Systems Group Ltd. (CSE: SNA) (CSE: SNA.CN) ("Star" or the "Company") announces a correction to its press release entitled " Star Navigation Announces Partial Revocation Order, Private Placement, and Debt Conversion " issued today (the "Initial Press Release"). The Initial Press Release incorrectly stated that the warrant exercise price for the Debt Conversion Units and the Private Placement Units was $0.02 and $0.035...
2020-03-10 6:17 PM EDT
Star Navigation Announces Partial Revocation Order, Private Placement, and Debt Conversion
Brampton, Ontario--(Newsfile Corp. - March 10, 2020) - Star Navigation Systems Group Ltd. (CSE: SNA) (CSE: SNA.CN) ("Star" or the "Company") announces that on March 6, 2020, the Ontario Securities Commission ("OSC") partially revoked the cease trade order issued against the Company on November 1, 2019 (the "CTO") for failing to file certain outstanding continuous disclosure documents in a timely manner.The Company applied for the partial revocation order ("Partial Revocation Order")...
2020-03-10 10:55 AM EDT
Star Navigation Systems Group Ltd. Announces Elimination of $3.3 Million of Debt
Brampton, Ontario--(Newsfile Corp. - February 14, 2020) - Star Navigation Systems Group Ltd. (CSE: SNA) (CSE: SNA.CN) ("Star or the "Corporation") is pleased to announce that creditors have accepted the Corporation's formal Proposal to settle outstanding debts. As a result of today's meeting, the Proposal Trustee will seek Court approval of the Proposal, which, if approved, will remove approximately $3.3 million in debt from the Corporation's balance sheet.This process was commenced by the...
2020-02-14 5:35 PM EST