Star Navigation Systems Group Ltd. has announced that, pursuant to a private placement of 4 million warrants, it plans to amend the exercise price, the company said.
The original price of the warrants was USD 0.15.
The Warrants will now entitle the holder thereof to purchase one common share of Star at an exercise price of USD 0.07. The expiry date of the Warrants has been amended to February 11, 2019.
Star Navigation Systems Group Ltd. (CSE: SNA) (OTCQB: SNAVF) 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.