Star Navigation Announces Completion of Non-Brokered Private Placement Transaction

Rhea-AI Summary

Star Navigation (OTC:SNAVF) closed a non-brokered private placement on October 10, 2025, issuing 47,500,000 units at $0.01 per unit for gross proceeds of $475,000.

Each unit comprises one common share and one warrant; each warrant entitles the holder to buy one common share at per share (five cent exercise price) and is exercisable for 5 years. All issued securities and any shares from warrant exercises are subject to a 4-month statutory hold. Net proceeds will be used for working capital, and to fund further development, sales and marketing of the Star-A.D.S. system.

Positive

• Gross proceeds of $475,000 raised
• Issued 47,500,000 units to support operations
• Warrants exercisable at $0.05 for 5 years
• Proceeds earmarked for working capital and Star-A.D.S. development

Negative

• Immediate issuance of 47,500,000 shares creates potential dilution
• Warrants add share overhang until 5-year expiry
• Securities subject to only a 4-month statutory hold period

Brampton, Ontario--(Newsfile Corp. - October 10, 2025) - Star Navigation Systems Group Ltd. (CSE: SNA) (CSE: SNA.CN) ("Star" or the "Company") is pleased to announce that it has closed it's non-brokered private placement of 47,500,000 units in the capital of the Company ("Units") at a purchase price of $0.01 per Unit for total gross proceeds of $475,000. 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 share of the Company at five ($0.05) cents per warrant exercised. The warrants are exercisable during the five (5) year period from the date of issue.

All securities issued in the Offering and any shares issued upon exercise of warrants are subject to a four-month statutory hold period from the date of issuance. The net proceeds of the private placement will be used for working capital for further development of the operations, sales and marketing efforts surrounding the Star-A.D.S.® system.

About Star Navigation:

Star Navigation Systems Group Ltd. manufactures the In-flight Safety Monitoring System, STAR-ISMS®, the heart of the STAR-A.D.S.® System. The STAR-A.D.S.® System has real-time capability of tracking, performance trends and predicting incident-occurrences which enhances aviation safety and improves fleet management while reducing costs for the operator. Star's MMI Division (Military and Defence) designs and manufactures high performance, mission critical, flight deck flat panel displays for defence and commercial aviation industries worldwide.

Forward Looking Information

Certain statements in this news release may constitute "forward-looking statements". Forward-looking statements are statements that address or discuss activities, events or developments that Star expects or anticipates may occur in the future.

When used in this news release, words such as "estimates", "expects", "plans", "anticipates", "projects", "will", "believes", "intends" "should", "could", "may" and other similar terminology are intended to identify such forward-looking statements.

Forward-looking statements reflect the current expectations and beliefs of Star's management. Because forward-looking statements involve known and unknown risks, uncertainties and other factors, actual results, performance or achievements of Star or the industry may be materially different from those implied by such forward-looking statements.

Examples of such forward-looking information that may be contained in this news release include statements regarding; growth and future prospects of our business; our perceptions of the industry and markets in which we operate and anticipated trends in such markets; expectations regarding the operation of our app; and our future revenues.

Material factors or assumptions that were applied in drawing a conclusion or making an estimate set out in the forward-looking statements may include, but are not limited to, our ability to execute on our business plan, increase visibility amongst consumers and convert users to revenue producing subscribers and the success of the business of our partners.

Forward-looking statements involve significant uncertainties, should not be read as a guarantee of future performance or results, and will not necessarily be an accurate indication of whether or not such results will be achieved.

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.

Accordingly, readers should exercise caution in relying upon forward-looking statements and Star undertakes no obligation to publicly revise them to reflect subsequent events or circumstances, except as required by law.

NEITHER CANADIAN SECURITIES EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE CANADIAN SECURITIES EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Please visit www.star-navigation.com or contact

Mr. Randy Koroll, CEO at 1-416-252-2889 #228 or randy.koroll@star-navigation.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/269982

FAQ

What did Star Navigation (SNAVF) announce on October 10, 2025?

Star Navigation closed a non-brokered private placement issuing 47,500,000 units at $0.01 for gross proceeds of $475,000.

What does each unit include in the Star Navigation (SNAVF) private placement?

Each unit includes one common share and one warrant, with each warrant exercisable for one share at $0.05 for 5 years.

How will Star Navigation (SNAVF) use the proceeds from the private placement?

Net proceeds will be used for working capital and to further develop, sell, and market the Star-A.D.S. system.

Are the shares and warrants issued in the SNAVF offering restricted?

Yes. All securities issued and any shares from warrant exercises are subject to a 4-month statutory hold period from issuance.

How could the SNAVF private placement affect existing shareholders?

The issuance of 47.5 million units and outstanding warrants creates potential dilution and share overhang until warrants are exercised or expire.