Star Navigation Confirms No Shareholders Meeting Will Take Place in December 2019
Retrieved on:
Wednesday, November 27, 2019
TORONTO, Nov. 26, 2019 (GLOBE NEWSWIRE) -- Star Navigation Systems Group Ltd. (CSE: SNA) (CSE: SNA.CN) (OTCQB: SNAVF) ("Star or the Company) responds to the latest tactics of a dissident shareholder group (the Dissidents) and confirms that no special meeting of shareholders of the Company (the Shareholders) will take place on December 11, 2019.
Key Points:
- TORONTO, Nov. 26, 2019 (GLOBE NEWSWIRE) -- Star Navigation Systems Group Ltd. (CSE: SNA) (CSE: SNA.CN) (OTCQB: SNAVF) ("Star or the Company) responds to the latest tactics of a dissident shareholder group (the Dissidents) and confirms that no special meeting of shareholders of the Company (the Shareholders) will take place on December 11, 2019.
- The dissidents' latest initiative involves issuing inaccurate press releases falsely alleging a valid Shareholders meeting will take place on December 11, 2019, apparently soliciting shareholders in contravention of securities laws and inappropriately filing an information circular and form of proxy on the Companys SEDAR profile.
- 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.
- Star-Isoneo works closely with Star in the development of the Companys MEDEVAC (STAR-ISAMM and STAR-LSAMM) applications of the patented STAR-A.D.S.