Star-A.D.S.

Star Navigation Systems Group Ltd. (SNAVF) closed a $475,000 private placement, issuing 47.5 million units at $0.01 each, consisting of a common share and a warrant exercisable at $0.05. Proceeds will fund working capital and development of the Star-A.D.S. system, an in-flight safety monitoring technology. While the placement introduces potential dilution, it supports Star Navigation’s growth in the aviation safety market. All securities are subject to a four-month hold period.