Star Navigation Announces Completion of Non-Brokered Private Placement Transaction

Rhea-AI Summary

Star Navigation (OTC:SNAVF) closed a non-brokered private placement of 316,100,000 units at $0.01 per unit, raising gross proceeds of $3,161,000. Each unit includes one common share and a five-year warrant exercisable at $0.05. Proceeds fund working capital and Star-A.D.S.® development.

Positive

• Non-brokered private placement raises gross proceeds of $3,161,000
• Issued 316,100,000 units at $0.01 each to strengthen working capital
• Five-year warrants at $0.05 could provide additional future funding
• Proceeds allocated to operations, sales, and marketing of Star-A.D.S. system

Negative

• Issuance of 316,100,000 new shares implies substantial shareholder dilution
• Warrants for an additional 316,100,000 shares increase potential future dilution

News Market Reaction – SNAVF

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In the Jul 10 session, SNAVF gained 40.00%, reflecting a significant positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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Brampton, Ontario--(Newsfile Corp. - July 9, 2026) - 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 316,100,000 units in the capital of the Company ("Units") at a purchase price of $0.01 per Unit for total gross proceeds of Three million, one hundred and sixty-one thousand dollars ($3,161,000.00). 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/304619

FAQ

What did Star Navigation (SNAVF) announce on July 9, 2026 about its private placement?

Star Navigation announced completion of a non-brokered private placement raising $3,161,000. According to Star Navigation, it issued 316,100,000 units at $0.01 per unit, each unit containing one common share and one warrant exercisable at $0.05 for five years.

How many shares and warrants were issued in Star Navigation’s SNAVF private placement?

Star Navigation issued 316,100,000 units, each with one common share and one warrant. According to Star Navigation, every warrant allows purchase of one additional common share at $0.05, exercisable for five years from the issue date.

What is the exercise price and term of Star Navigation (SNAVF) warrants from the July 2026 financing?

The warrants have an exercise price of $0.05 per share and a five-year term. According to Star Navigation, each warrant from the 316,100,000 issued units can be exercised for one additional common share during this five-year period.

How will Star Navigation use the $3,161,000 raised in its SNAVF private placement?

The funds will be used for working capital and business development. According to Star Navigation, proceeds support operations, sales, and marketing activities related to its Star-A.D.S.® system, aiming to further develop and expand these efforts.

Are the new Star Navigation (SNAVF) shares and warrants subject to a hold period?

Yes, the securities are subject to a four-month statutory hold period from issuance. According to Star Navigation, this applies to all units issued in the offering and any shares later issued upon the exercise of the associated warrants.

What does the Star Navigation SNAVF private placement mean for existing shareholders?

The financing provides $3,161,000 in new capital but adds significant potential dilution. According to Star Navigation, 316,100,000 new shares and an equal number of warrants were issued, which may impact ownership percentages if warrants are exercised.