Star Navigation Announces Completion of Shares for Debt Transaction
Star Navigation Systems (CSE: SNA) has completed a shares for debt transaction, issuing 121,570,000 units at $0.005 per unit, reducing the company's debt by $607,850. Each unit comprises one common share and one warrant, with warrants exercisable at $0.05 per share over a 5-year period.
The securities are subject to a four-month hold period, and proceeds will support working capital needs, particularly for operations, sales, and marketing of the Star-A.D.S.® system.
Star Navigation Systems (CSE: SNA) ha completato una transazione di conversione debito in azioni, emettendo 121.570.000 unità al prezzo di $0,005 per unità, riducendo il debito della società di $607.850. Ogni unità comprende una azione ordinaria e un warrant, con i warrant esercitabili a $0,05 per azione entro un periodo di 5 anni.
Le azioni sono soggette a un periodo di blocco di quattro mesi e i proventi saranno utilizzati per sostenere il capitale circolante, in particolare per le operazioni, le vendite e il marketing del sistema Star-A.D.S.®.
Star Navigation Systems (CSE: SNA) ha completado una transacción de intercambio de deuda por acciones, emitiendo 121.570.000 unidades a $0.005 por unidad, reduciendo la deuda de la compañía en $607,850. Cada unidad consta de una acción común y un warrant, con warrants ejercibles a $0.05 por acción durante un período de 5 años.
Los valores están sujetos a un período de retención de cuatro meses, y los ingresos apoyarán las necesidades de capital de trabajo, especialmente para operaciones, ventas y marketing del sistema Star-A.D.S.®.
Star Navigation Systems (CSE: SNA)는 부채를 주식으로 전환하는 거래를 완료했으며, 121,570,000 단위를 단위당 $0.005에 발행하여 회사의 부채를 $607,850만큼 줄였습니다. 각 단위는 보통주 1주와 워런트 1개로 구성되며, 워런트는 5년 동안 주당 $0.05에 행사할 수 있습니다.
증권은 4개월의 보유 기간이 적용되며, 수익금은 Star-A.D.S.® 시스템의 운영, 판매 및 마케팅을 포함한 운전자본 필요에 사용될 예정입니다.
Star Navigation Systems (CSE : SNA) a réalisé une opération d’échange de dettes contre actions, émettant 121 570 000 unités au prix de 0,005 $ par unité, réduisant ainsi la dette de la société de 607 850 $. Chaque unité comprend une action ordinaire et un warrant, les warrants étant exerçables à 0,05 $ par action sur une période de 5 ans.
Les titres sont soumis à une période de blocage de quatre mois et les fonds serviront à soutenir les besoins en fonds de roulement, notamment pour les opérations, les ventes et le marketing du système Star-A.D.S.®.
Star Navigation Systems (CSE: SNA) hat eine Schuld-gegen-Aktien-Transaktion abgeschlossen und dabei 121.570.000 Einheiten zu je $0,005 pro Einheit ausgegeben, wodurch die Verbindlichkeiten des Unternehmens um $607.850 reduziert wurden. Jede Einheit besteht aus einer Stammaktie und einem Bezugsrecht (Warrant), wobei die Warrants über einen Zeitraum von 5 Jahren zu $0,05 pro Aktie ausgeübt werden können.
Die Wertpapiere unterliegen einer viermonatigen Haltefrist, und die Erlöse werden zur Unterstützung des Betriebskapitals verwendet, insbesondere für Betrieb, Vertrieb und Marketing des Star-A.D.S.®-Systems.
- Debt reduction of $607,850 through equity conversion
- 5-year warrant exercise period provides long-term funding potential
- Proceeds will support Star-A.D.S.® system development and marketing
- Significant share dilution with 121.57 million new units issued
- Low unit price of $0.005 indicates potential financial stress
- Additional dilution possible if warrants are exercised
Brampton, Ontario--(Newsfile Corp. - July 9, 2025) - Star Navigation Systems Group Ltd. (CSE: SNA) (CSE: SNA.CN) ("Star" or the "Company") is pleased to announce that it has closed a shares for debt transaction. The transaction resulted in the issuance of 121,570,000 units in the capital of the Company ("Units") at a purchase price of
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/258248
FAQ
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