Star Navigation Systems Group Ltd. (CSE: SNA) (CSE: SNA.CN) (OTCQB: SNAVF) has announced the extension of the term of 46,708,000 common share purchase warrants, originally due to expire September 5, 2019, to expire September 5, 2021, the company said.
The company has also applied to the Canadian Securities Exchange to reprice the warrants. Each warrant will now entitle the holder thereof to purchase one common share of Star at an exercise price of USD 0.065.
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.