Star Extends Term of Warrants/Shareholders Approve Advance Notice By-Law
03 Gennaio 2014 - 11:00PM
Marketwired
Star Extends Term of Warrants/Shareholders Approve Advance Notice
By-Law
TORONTO, ONTARIO--(Marketwired - Jan 3, 2014) - Star Navigation
Systems Group Ltd. (TSX-VENTURE:SNA) ("Star" or the "Company") is
pleased to announce that the TSX Venture Exchange (the "Exchange")
has consented to the extension of the term of 19,948,666 common
share purchase warrants issued pursuant to a private placement
announced January 12, 2010 (the " Warrants"). The Warrants, set to
expire on January 12, 2014, will now expire on January 12, 2015.
Each Warrant will continue to entitle the holder thereof to
purchase one common share of Star at an exercise price of
$0.30.
At the Annual General Meeting of the Company held December 16,
2013, the shareholders approved an Advance Notice By-law passed by
the Board of Directors of the Company February 13, 2013. This
By-law ensures that the Company has adequate time to respond in an
informed way to nomination of directors. A copy of the By-law is
available on SEDAR or upon written request to the Company.
About Star Navigation:
(www.star-navigation.com)
Star Navigation Systems Group Ltd. owns the exclusive worldwide
license to its proprietary, patented In-flight Safety Monitoring
System, STAR-ISMS®, the first system in the world to feature
in-flight data-analysis, monitoring and diagnostics with a
real-time connection between aircraft and ground. Its real-time
capability of tracking performance-trends and predicting
incident-occurrence enhances aviation safety and improves fleet
management while reducing costs for the operator.
Certain statements contained in this News Release constitute
forward-looking statements. When used in this document, the words
"may", "would", "could", "will" and similar expressions, as they
relate to Star or its management are intended to identify
forward-looking statements. Such statements reflect Star's current
views with respect to future events and are subject to certain
risks, uncertainties and assumptions. Many factors could cause
Star's actual performance or achievements to vary from those
described herein. Should one or more of these factors or
uncertainties materialize, or should assumptions underlying
forward-looking statements prove incorrect, actual results may vary
materially from those described herein as intended, planned,
anticipated, believed, estimated or expected.
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.
Star Navigation Systems Group Ltd.Viraf Kapadia, CEO(416)
252-2889viraf.kapadia@star-navigation.comwww.star-navigation.comRenmark
Financial Communications Inc.Bettina Filippone:
bfilippone@renmarkfinancial.comJonathan Collins:
jcollins@renmarkfinancial.comMediaD. Elizabeth Culley(416) 644-2020
or (514)
939-3989dculley@renmarkfinancial.comwww.renmarkfinancial.com
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