6 January 2014
Star Navigation Systems Group Ltd. (TSX Venture: SNA) said that the TSX Venture Exchange has consented to the extension of the term of 19,948,666 common share purchase warrants issued pursuant to a private placement announced January 12, 2010.
The warrants, set to expire on January 12, 2014, will now expire on January 12, 2015. Each warrant will continue to entitle the holder thereof to purchase one common share of Star at an exercise price of USD0.30.
Star Navigation Systems Group Ltd. owns the exclusive worldwide license to its proprietary, patented in-flight safety monitoring system, STAR-ISMS, the first system in the world to feature in-flight data-analysis, monitoring and diagnostics with a real-time connection between aircraft and ground. The company´s website is at www.star-navigation.com.