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Financings

Star Navigation Announces Completion of Non-Brokered Private Placement Transaction

By The Northwire Desk — AI Analysis Feb 04, 2026 · 16:01 SNA · 0.005 Star Navigation Systems Group Ltd.
SNA · Price

Executive Summary

  • Star Navigation Systems Group Ltd. closed a non‑brokered private placement of 88,366,000 units at $0.01 per unit, generating gross proceeds of $883,660.
  • Each unit includes one common share and one warrant exercisable at $0.05 per share for up to five years.
  • Net proceeds are earmarked for working capital, specifically to advance operations, sales, and marketing of the Star‑A.D.S.® system.

Key Details

  • Units sold: 88,366,000
  • Purchase price per unit: $0.01
  • Total gross proceeds: $883,660
  • Unit composition: 1 common share + 1 warrant
  • Warrant terms: Right to purchase one additional common share at $0.05 per warrant; exercisable for five (5) years from issuance.
  • Statutory hold period: All securities issued are subject to a four‑month statutory hold period from the date of issuance.
  • Use of proceeds: Working capital for further development of operations, sales, and marketing efforts surrounding the Star‑A.D.S.® system.

Notable Quotes

(No direct quotes were provided in the release.)

Read the original news release →

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