Star Navigation Applies to OTCQB
24 August 2017 - 7:00AM
Star Navigation Systems Group Ltd. (CSE:SNA) (CSE:SNA.CN)
("Star" or the "Company"), announces that it is applying to OTC
Markets Group to trade the Company's common shares on the OTCQB in
the U.S. At the same time, the Company is in the process of
applying for eligibility for its common shares with The Depository
Trust Company (“DTC”). DTC is a subsidiary of the Depository Trust
& Clearing Corp. and manages the electronic clearing and
settlement of share transactions for publicly-traded companies.
Viraf S. Kapadia, CEO of Star stated: “The
listing of our shares on the OTCQB will introduce our Company to a
larger market and will provide shareholders with additional
liquidity and increased trading capacity. We look forward to
advising our shareholders as soon as the application process is
complete."
About OTC Markets Group Inc.
OTC Markets Group Inc. operates the OTCQX® Best
Market, the OTCQB® Venture Market, and the Pink® Open Market for
10,000 US and global securities. Through OTC Link® ATS, the company
connects a diverse network of broker-dealers that provide liquidity
and execution services. The company enables investors to easily
trade through the broker of their choice and empower companies to
improve the quality of information available for investors. OTC
Link ATS is operated by OTC Link LLC, member FINRA/SIPC and SEC
regulated ATS.
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
Roger S. Peacock, (416) 252-2889 Ext. 225
roger.peacock@star-navigation.com
Gold Feather Marketing Group
Attn.: Anahadjeet Garewal (647) 409-3434
info@goldfeathermarketing.com
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