Star Navigation Announces Completion of Private Placement
Star Navigation Announces Completion of Private Placement
Brampton, Ontario--(Newsfile Corp. - October 11, 2022) - Star Navigation Systems Group Ltd. (CSE: SNA) (CSE: SNA.CN) ("Star" or the "Company") is pleased to announce that it has closed the final tranche of its previously announced non-brokered private placement of 101,328,571 units in the capital of the Company ("Units") at a purchase price of $0.021 per Unit for total gross proceeds of $2,127,900. Each Unit consists of one common share in the capital of the Company and one warrant. Each of the warrants acquired entitles the holder to purchase one (1) additional common share of the Company at five ($0.05) cents per warrant exercised. The warrants are exercisable during the one (1) year period from the date of issue.
安大略省布兰普顿--(Newsfile Corp.-2022年10月11日)-星空导航系统集团有限公司(CSE：SNA)(CSE：SNA.CN)(以下简称“星空”或“本公司”)欣然宣布，已完成其之前宣布的101,328,571股公司资本(以下简称“股”)中101,328,571股非经纪私募的最后一批配售，收购价为每股0.021美元，总收益为2,127,900美元。每个单位由一股公司股本中的普通股和一份认股权证组成。每份收购的认股权证使持有人有权按每份认股权证5美分(0.05美元)的价格额外购买一(1)股公司普通股。认股权证自发行之日起一(1)年内可行使。
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.
所有于发售中发行的证券及因行使认股权证而发行的任何股份均受自发行日期起计四个月的法定持有期的规限。私募的净收益将用于营运资金，用于进一步发展围绕星空®系统的运营、销售和营销工作。
The Company has agreed to pay finder's fees in the amount of Ten (10%) percent of the gross proceeds in cash. The price was reserved with the CSE.
该公司已同意以现金形式支付总收益的10%(10%)的找回费。这一价格是与CSE保留的。
About Star Navigation:
关于星航：
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.
星空导航系统集团有限公司制造飞行安全监控系统STAR-ISMS®，这是STAR-A.D.S.®系统的核心。STAR-A.D.S.®系统具有跟踪、性能趋势和预测事故发生的实时能力，从而增强了航空安全，改善了机队管理，同时降低了运营商的成本。
Star's MMI Division designs and manufactures high performance, mission critical, flight deck flat panel displays for defence and commercial aviation industries worldwide.
STAR的人机界面部门为全球国防和商业航空行业设计和制造高性能、关键任务的飞行甲板平板显示器。
Forward-Looking Information
前瞻性信息
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.
本新闻稿中的某些陈述可能构成“前瞻性陈述”。前瞻性陈述是指涉及或讨论Star预期或预期未来可能发生的活动、事件或发展的陈述。在本新闻稿中使用的“估计”、“预期”、“计划”、“预期”、“项目”、“将”、“相信”、“打算”、“应该”、“可能”、“可能”和其他类似术语旨在识别此类前瞻性陈述。
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.
前瞻性陈述反映了星空公司管理层目前的期望和信念。由于前瞻性表述涉及已知和未知的风险、不确定因素和其他因素，星空传媒或该行业的实际结果、表现或成就可能与此类前瞻性表述所暗示的大不相同。
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.
本新闻稿中可能包含的前瞻性信息的例子包括：关于我们业务的增长和未来前景的陈述；我们对我们经营的行业和市场的看法以及对这些市场的趋势的预期；对我们应用程序运营的预期；以及我们未来的收入。
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.
前瞻性陈述中用于得出结论或做出估计的重大因素或假设可能包括但不限于，我们执行业务计划的能力，提高消费者的知名度，将用户转化为创收订户的能力，以及我们合作伙伴业务的成功。
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.
前瞻性陈述涉及重大不确定性，不应被解读为对未来业绩或结果的保证，也不一定准确表明是否会实现这种结果。
The risks posed by the COVID-19 pandemic to the airline industry have abated and appear manageable at this time. The Company continues to monitor the situation.
新冠肺炎疫情给航空业带来的风险已经减弱，目前看来是可控的。该公司正继续监察有关情况。
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.
如果这些因素或不确定因素中的一个或多个成为现实，或者前瞻性陈述所依据的假设被证明是不正确的，实际结果可能与本文中描述的预期、计划、预期、相信、估计或预期的结果大不相同。
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.
因此，读者在依赖前瞻性陈述时应谨慎行事，除非法律要求，否则Star不承担公开修改这些陈述以反映后续事件或情况的义务。
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.
加拿大证券交易所及其监管服务提供商(该术语在加拿大证券交易所的政策中定义)均不对本新闻稿的充分性或准确性承担责任。
Please visit or contact
请访问或联系
Mr. Amir Bhatti, CEO at 1-416-252-2889 #230 or amir.bhatti@star-navigation.com
首席执行官阿米尔·巴蒂先生电话：1-416-252-2889#230电子邮件：amir.bhatti@star-Navigation.com
To view the source version of this press release, please visit
要查看本新闻稿的源版本，请访问