Star Navigation Announces Completion of Non-Brokered Private Placement Transaction

Executive Summary

• Star Navigation Systems Group Ltd. closed a non‑brokered private placement of 47,500,000 units at $0.01 per unit, generating gross proceeds of $475,000.
• Each unit includes one common share and one warrant to purchase an additional share at $0.05; warrants are exercisable for five years.
• Net proceeds will be used as working capital to advance development, sales, and marketing of the Star‑A.D.S.® system.

Key Details

• Units sold: 47,500,000
• Purchase price per unit: $0.01
• Total gross proceeds: $475,000
• Unit composition: 1 common share + 1 warrant (exercise price $0.05 per share)
• Warrant terms: Exercisable within a five‑year period from issuance; each warrant allows purchase of one additional common share.
• Statutory hold period: All securities and any shares issued upon warrant exercise are subject to a four‑month statutory hold period.
• Use of proceeds: Working capital for further development of operations, sales, and marketing efforts surrounding the Star‑A.D.S.® system.

Notable Quotes

• “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,” – Randy Koroll, CEO.