Star Navigation Announces Option Grants
September 10 2018 - 4:05PM
Star Navigation Systems Group Ltd. (CSE:SNA)
(CSE:SNA.CN) (OTC:SNAVF) ("Star" or the
"Company") is pleased to announce that pursuant to
its 2006 Incentive Stock Option Plan, as amended, the Board of
Directors of the Company has approved the grant of incentive stock
options to purchase 1,500,000 common shares in the capital stock of
the Company to certain employees and consultants of the Company
(the “Grantees”). The options expire August 31, 2020, are
exercisable at $0.075 per share for 1,000,000 of them, at $0.10 for
250,000, at $0.15 for 250,000, and are subject to a four month
statutory hold from the date of issue.
The Board of Directors of the Company utilizes stock options as
incentives to certain directors, officers, employees and
consultants of the Company as part of its overall
strategy.
About Star Navigation:
Star Navigation Systems Group Ltd. owns the exclusive worldwide
license to its proprietary, patented In-flight Safety Monitoring
System, STAR-ISMS®, the heart of the STAR-A.D.S. ® System. Its
real-time capability of tracking performance trends and predicting
incident-occurrence enhances aviation safety and improves fleet
management while reducing costs for the operator.
Star’s MMI Division designs and manufactures high performance,
mission critical, flight deck flat panel displays for defence and
commercial aviation industries worldwide.
Certain statements contained in this News Release constitute
forward-looking statements. When used in this document, the words
“may”, “would”, “could”, “will”, “expected” and similar
expressions, as they relate to Star or its management are intended
to identify forward-looking statements. Such statements reflect
Star’s current views with respect to future events and are subject
to certain risks, uncertainties and assumptions. Many factors could
cause Star’s actual performance or achievements to vary from those
described herein. 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. Star does not assume
any obligation to update these forward-looking statements, except
as required by law.
Neither the Canadian Securities Exchange nor its Market
Regulator (as that term is defined in the policies of the Canadian
Securities Exchange) accepts responsibility for the adequacy or
accuracy of the content of this release.
Please visit www.star-navigation.com or
Jean-Louis Larmor, (416) 252-2889 Ext. 221
jean-louis.larmor@star-navigation.com
Snap on (NYSE:SNA)
Historical Stock Chart
From Mar 2024 to Apr 2024
Snap on (NYSE:SNA)
Historical Stock Chart
From Apr 2023 to Apr 2024