reports
Star Navigation Systems Group Ltd: 1 director
A director at Star Navigation Systems Group Ltd bought 5,148,200 shares at 0.025CAD and the significance rating of the trade was 72/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the ...
Star Navigation Announces Results of Annual and Special General Meetin...
Brampton, Ontario--(Newsfile Corp. - July 23, 2021) - Star Navigation Systems Group Ltd. (CSE: SNA) (CSE: SNA.CN) ("Star" or the "Company") is pleased to announce that its Annual and Special General Meeting of shareholders was held on July 7, 2021.The meeting was held virtually, without the physical presence of its shareholders, in accordance with measures adopted by the Company as part of the fight against COVID-19. All resolutions submitted to the shareholders were passed. Details of those resolutions can be found on SEDAR.The following directors were elected:Gurdip Panaich, Anoop Brar, Dr. ...
Star Receives Airbus A320-200 Operational STC for Star-A.D.S
Brampton, Ontario--(Newsfile Corp. - July 6, 2021) - Star Navigation Systems Group Ltd. (CSE: SNA) (CSE: SNA.CN) ("Star" or the "Company") is pleased to announce that it has received the fully operational Supplemental Type Certificate ("STC") from Transport Canada ("TC") for the Star-A.D.S system on an Airbus A320-200 aircraft type.Amir Bhatti, CEO of the Company states, "This is again a testimony that Star has the in-house design capabilities to get approval on an STC from TC and other airworthiness regulators at a fraction of the cost. The approval of this STC also widens the marketability o...
Star Navigation Announces Filing of June 30, 2020 Financial Statements
Brampton, Ontario--(Newsfile Corp. - May 27, 2021) - Star Navigation Systems Group Ltd. (CSE: SNA) (CSE: SNA.CN) ("Star" or the "Company") is pleased to announce that it has filed its June 30, 2020 Audited Financial Statements and related Management Discussion and Analysis along with the subsequent quarterly financial statements and related Management Discussion and Analysis for each of the three months ended September 30, 2020 and six months ended December 31, 2020. Star has also applied to the Ontario Securities Commission to have the Failure to File Cease Trade Order ("FFCTO") lifted now t...
Star Navigation Announces Warrant Extension and Repricing
Brampton, Ontario--(Newsfile Corp. - March 30, 2021) - Star Navigation Systems Group Ltd. (CSE: SNA) (CSE: SNA.CN) ("Star" or the "Company") is pleased to announce that, subject to Canadian Securities Exchange approval, it is extending the terms and reducing the exercise prices of the following share purchase warrants.46,708,000 share purchase warrants issued pursuant to a private placement announced on September 5, 2018 exercisable at $0.065 per share purchase warrant and expiring on September 5, 2021 will now expire on September 5, 2023 and be exercisable at $0.05 per share purchase warrant....
Star Navigation Announces Sales Agreement with Swiss Aviation Group AG
Brampton, Ontario--(Newsfile Corp. - March 16, 2021) - Star Navigation Systems Group Ltd. (CSE: SNA) (CSE: SNA.CN) ("Star" or the "Company") is pleased to announce that it has signed a sales agency agreement (the "Agreement") with Swiss Aviation Group AG ("SAG") out of Switzerland. SAG was founded in 1996. It has over 20 years experience in Airline Start-ups, Turn Arounds and Airport Management Support. It's activities has since expanded into the preparation of Air Operator Certificates, managing of and consulting for airport projects, the charter, lease and sales of jet transport passenger a...
Star Navigation Systems Group Ltd. Announces Court Approval of Notice ...
Brampton, Ontario--(Newsfile Corp. - February 26, 2021) - Star Navigation Systems Group Ltd. (CSE: SNA) (CSE: SNA.CN) ("Star" or the "Company") is pleased to announce that upon application by the Proposal trustee, A. Farber & Partners, the Honourable Mr. Justice Cavanagh of the Ontario Superior Court of Justice has approved the Company's formal Proposal to its Creditors to settle outstanding debts as existed on the date of December 11, 2019. The Company has already put the trustee in funds to satisfy the financial terms of the proposal. The Proposal Trustee will proceed to implement the Propos...
Star Navigation Announces Corporate Update
Brampton, Ontario--(Newsfile Corp. - January 21, 2021) - Star Navigation Systems Group Ltd. (CSE: SNA) (CSE: SNA.CN) ("Star" or the "Company") is pleased to announce the following Corporate update as of January 21, 2021. Star is diligently working and achieving major milestones towards the aggressive Action Plan 2021 in coordination with all the stakeholders on one page.The Company is progressively working on 4 major priorities: INCREASING STAR'S IMPACT IN BOTH THE DOMESTIC AND INTERNATIONAL MARKETSEXPANDING STAR'S REACH WORLDWIDEENHANCING PARTICIPANT ENGAGEMENTINCREASING STAR'S ABILITY TO DEL...
Star Navigation Announces Completion of Private Placements
Brampton, Ontario--(Newsfile Corp. - October 13, 2020) - Star Navigation Systems Group Ltd. (CSE: SNA) (CSE: SNA.CN) ("Star" or the "Company") is pleased to announce that it has closed its previously announced non-brokered private placement of 41,634,000 units in the capital of the Company ("Units") at a purchase price of $0.025 per Unit for gross proceeds of $1,040,850. 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 warr...
Star Navigation Announces Change in AGM Date
Brampton, Ontario--(Newsfile Corp. - March 17, 2020) - Star Navigation Systems Group Ltd. (CSE: SNA) (CSE: SNA.CN) ("Star" or the "Company") announces that the Order of the Ontario Superior Court of Justice dated January 17, 2020, ordering Star to hold an Annual General and Special Meeting of shareholders (the "AGM"), has been varied.(Please see Press Releases January 22, 2020 and February 12, 2020),The Company has now been permitted by the Court to hold its next Annual General and Special Meeting on or before June 10, 2020. Mr. Peter Clausi, Interim CEO said:"The Board of Directors and senior...
Star Navigation Increases Exercise Period of Warrants
Brampton, Ontario--(Newsfile Corp. - March 12, 2020) - Star Navigation Systems Group Ltd. (CSE: SNA) (CSE: SNA.CN) ("Star" or the "Company") announces that, in response to feedback from investors, the term of the warrants to be issued in the recently announced Financing (see Press Releases March 10, 2020), has been increased to two (2) years.This correction does not change any other information reported in the Initial Press Release. About Star Navigation:Star Navigation Systems Group Ltd. owns the exclusive worldwide license to its proprietary, patented In-flight Safety Monitoring System, STA...
CORRECTION FROM SOURCE: Star Navigation Announces Correction to Press ...
Brampton, Ontario--(Newsfile Corp. - March 10, 2020) - Star Navigation Systems Group Ltd. (CSE: SNA) (CSE: SNA.CN) ("Star" or the "Company") announces a correction to its press release entitled " Star Navigation Announces Partial Revocation Order, Private Placement, and Debt Conversion " issued today (the "Initial Press Release"). The Initial Press Release incorrectly stated that the warrant exercise price for the Debt Conversion Units and the Private Placement Units was $0.02 and $0.035 respectively.The correct warrant exercise price for both the Debt Conversion Units and the Private Placem...
Star Navigation Announces Partial Revocation Order, Private Placement,...
Brampton, Ontario--(Newsfile Corp. - March 10, 2020) - Star Navigation Systems Group Ltd. (CSE: SNA) (CSE: SNA.CN) ("Star" or the "Company") announces that on March 6, 2020, the Ontario Securities Commission ("OSC") partially revoked the cease trade order issued against the Company on November 1, 2019 (the "CTO") for failing to file certain outstanding continuous disclosure documents in a timely manner.The Company applied for the partial revocation order ("Partial Revocation Order") to:Complete an exempt non-brokered private placement ("Private Placement") of up to 80,000,000 units (the "Priva...
Star Navigation Systems Group Ltd. Announces Elimination of $3.3 Milli...
Brampton, Ontario--(Newsfile Corp. - February 14, 2020) - Star Navigation Systems Group Ltd. (CSE: SNA) (CSE: SNA.CN) ("Star or the "Corporation") is pleased to announce that creditors have accepted the Corporation's formal Proposal to settle outstanding debts. As a result of today's meeting, the Proposal Trustee will seek Court approval of the Proposal, which, if approved, will remove approximately $3.3 million in debt from the Corporation's balance sheet.This process was commenced by the former CEO of the Corporation, Mr. Viraf S. Kapadia, immediately prior to a Special Meeting of Shareholde...
Star Navigation Systems Group Ltd. Announces New Date for Annual and S...
Brampton, Ontario--(Newsfile Corp. - February 12, 2020) - Star Navigation Systems Group Ltd. (CSE: SNA) (CSE: SNA.CN) ("Star' or the "Corporation") announced in a press release dated January 22, 2020, that the Commercial Court of the Ontario Superior Court of Justice (the "Court") had ordered that an Annual General and Special Meeting of the shareholders of Star be held on March 9, 2020 ( the "March 9/20 AGM") . The Court further ordered that if Star's audited financial statements for the financial year ended June 30, 2019 were not available for circulation in accordance with applicable timin...
Star Navigation Systems Group Ltd. Announces Cancellation of February ...
Brampton, Ontario--(Newsfile Corp. - January 22, 2020) - Star Navigation Systems Group Ltd. (CSE: SNA) (CSE: SNA.CN) ("Star' or the "Corporation") announces that on Friday, January 17, 2020, the Commercial Court of the Ontario Superior Court of Justice (the "Court") ordered that an Annual General and Special Meeting of the shareholders of Star be held on March 9, 2020. The Special Meeting previously called for February 14, 2020 will be cancelled.The Court further ordered that if Star's audited financial statements for the financial year ended June 30, 2019 are not available for circulation in ...
Star Navigation Systems Group Ltd. Announces Extension of Time to File...
Brampton, Ontario--(Newsfile Corp. - January 8, 2020) - Star Navigation Systems Group Ltd. (CSE: SNA) (CSE: SNA.CN) ("Star" or the "Corporation") announces that the Commercial Court of the Ontario Superior Court of Justice (the "Court") has extended the time for filing a Proposal under the Bankruptcy and Insolvency Act (Canada) to January 24, 2020.Corporation management is confident that it will be able to meet this extended timeline. About Star Navigation:Star Navigation Systems Group Ltd. owns the exclusive worldwide license to its proprietary, patented In-flight Safety Monitoring System, ST...
Star Sets the Record Straight and Announces Anticipated Date of Court ...
Star Sets the Record Straight and Announces Anticipated Date of Court Hearing TORONTO, Dec. 23, 2019 (GLOBE NEWSWIRE) -- Star Navigation Systems Group Ltd. (CSE: SNA) (CSE: SNA.CN) (OTCQB: SNAVF) ("Star” or the “Company”) announces that, further to its press release dated December 12, 2019, the Ontario Superior Court of Justice (Commercial List) (the “Court”) will hear an application on January 22, 2020 (the “Application”) to determine the validity of the shareholders meeting (the “Invalid Meeting”) alleged to have been held on December 11, 2019 by a dissident shareholder group (the “Diss...
Star Navigation Systems Group Ltd. Announces Dismissal of Injunction R...
Brampton, Ontario--(Newsfile Corp. - December 19, 2019) - Star Navigation Systems Group Ltd. (CSE: SNA) (CSE: SNA.CN) (OTCQB: SNAVF) ("Star' or the "Corporation") announces that the Commercial Court of the Ontario Superior Court of Justice (the "Court") has dismissed the injunction requested by terminated CEO Viraf Kapadia to suspend the results of the Shareholder Meeting held on December 11, 2019, at which a new board of directors was elected. An application to the Court on the underlying merits will follow in normal course.The directors of Star are Peter M. Clausi, J. Birks Bovaird, Dr. S. C...
Star Confirms No Shareholder Meeting Was Held
Star Confirms No Shareholder Meeting Was Held TORONTO, Dec. 12, 2019 (GLOBE NEWSWIRE) -- Star Navigation Systems Group Ltd. (CSE: SNA) (CSE: SNA.CN) (OTCQB: SNAVF) ("Star” or the “Company”) responds to the latest illegal and disruptive tactics of a dissident shareholder group (the “Dissidents”) and confirms that no special meeting of shareholders of the Company was held on December 11, 2019. The Company also confirms that the press release filed by the Dissidents on December 11, 2019, which falsely alleges that certain persons have been elected and appointed as directors and officers, res...
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