SNA

Star Navigation Systems Group Ltd. (TSX VENTURE:SNA) ("Star" or the "Company"),
is pleased to announce that pursuant to its 2006 Incentive Stock Option Plan, as
amended, the Board of Directors of the Company has approved the grant of
incentive stock options to purchase 2,975,000 common shares in the capital stock
of the Company to certain employees, consultants and officers of the Company
(the "Grantees"). The options are granted effective October 21, 2013, expire
October 20, 2016, are exercisable at prices between $0.11 and $0.12 per share
and vest on varying schedules but not sooner than four months from the date of
issue.


The Board of Directors of the Company utilizes stock options as long-term
incentives to certain directors, officers, employees and consultants of the
Company as part of its overall strategy. The Compensation and Corporate
Governance Committee of the Board of Directors believes that stock option grants
serve the Company's compensation philosophy in two ways: firstly, it helps
attract, retain, and motivate talent; secondly, it aligns the interests of those
granted stock options with those of the shareholders by linking a specific
portion of that person's compensation to share price. 


About Star Navigation: 

Star Navigation Systems Group Ltd.  (www.star-navigation.com) owns the exclusive
worldwide license to its proprietary, patented STAR-ISMS(R) In-flight Safety
Monitoring System, the first system in the world to feature in-flight
data-analysis, monitoring and diagnostics with a real-time connection between
aircraft and ground. The STAR-A.D.S.(TM) service, based upon Star's patented
STAR-ISMS(R) technology, offers airline operators unparalleled real time access
to specific, targeted, analyzed performance data from the aircraft, while in
flight. It can detect issues as they happen, allowing flight operations to
either schedule appropriate maintenance or to take other more immediate action. 


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 the content of this release. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Star Navigation Systems Group Ltd.
Viraf S. Kapadia
CEO
(416) 252-2889
viraf.kapadia@star-navigation.com
www.star-navigation.com

Grafico Azioni Star Navigation Systems Group (TSXV:SNA)
Storico
Da Mag 2024 a Giu 2024

Grafico Azioni Star Navigation Systems Group (TSXV:SNA)
Storico
Da Giu 2023 a Giu 2024