Business
Star Navigation Announces Application for Warrant Extension
Star Navigation Announces Application for Warrant Extension.
About this update from Star Navigation Systems Group Ltd.
[{"type":"text","content":"\n\n\n\n\nTORONTO, July 26 /CNW/ - Star Navigation Systems Group Ltd. 'Star\nNavigation' (TSX.V: SNA) (FSE: s3o), a developer of In-Flight Safety and Fleet\nMonitoring Systems, confirmed today that it has applied to the TSX-Venture\nExchange for approval of the extension of the warrant term attaching to\nwarrants issued as part of the Company's private placement accepted for filing\nSeptember 15, 2005. Specifically, the Company has applied to extend the expiry\ndate of 3,040,000 warrants, from August 1, 2006 to December 31, 2006. This is\nnot an amendment to the exercise price. These warrants remain priced at $0.45\nper warrant.\n\nAbout Star Navigation\nStar Navigation Systems Group Ltd. (www.star-navigation.com) owns the\nworldwide license to a product without peer, its proprietary, patented\nIn-flight Safety Monitoring System - ISMS(TM), the first system in the world\nto feature in-flight data-analysis, monitoring and diagnostics with a\nreal-time connection between aircraft and ground. Its real-time capability of\ntracking performance-trends and predicting incident-occurrence enhances\naviation safety and improves fleet management while reducing costs for the\noperator.\nShares of the Company are listed for trading on the TSX Venture Exchange\nunder the symbol \"SNA\".\n\n>\n\nThe TSX Venture Exchange has not reviewed and does not accept\nresponsibility for the adequacy or accuracy of the content of this news\nrelease.\n\nCertain statements contained in this News Release constitute\nforward-looking statements. When used in this document, the words \"may\",\n\"would\", \"could\", \"will\" and similar expressions, as they relate to Star or\nits management are intended to identify forward-looking statements. Such\nstatements reflect Star's current views with respect to future events and are\nsubject to certain risks, uncertainties and assumptions. Many factors could\ncause Star's actual performance or achievements to vary from those described\nherein. Should one or more of these factors or uncertainties materialize, or\nshould assumptions underlying forward-looking statements prove incorrect,\nactual results may vary materially from those described herein as intended,\nplanned, anticipated, believed, estimated or expected. Star does not assume\nany obligation to update these forward-looking statements.\n\n%SEDAR: 00009078E\n\n\...