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The latest update is out from Star Navigation Systems ( (TSE:SNA) ).
Star Navigation Systems Group Ltd. has completed a shares for debt transaction, issuing 89,505,600 units at $0.005 per unit, reducing its debt by $447,528. The proceeds from this transaction will support the company’s working capital, aiding in the development of operations, sales, and marketing for the STAR-A.D.S.® system, potentially strengthening its market position and operational capabilities.
More about Star Navigation Systems
Star Navigation Systems Group Ltd. operates in the aviation industry, specializing in the manufacture of the In-flight Safety Monitoring System, STAR-ISMS®, which is integral to the STAR-A.D.S.® System. This system offers real-time tracking, performance trend analysis, and incident prediction to enhance aviation safety and fleet management. Additionally, the company’s MMI Division designs and manufactures high-performance flight deck displays for both defense and commercial aviation sectors globally.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$6.36M
For an in-depth examination of SNA stock, go to TipRanks’ Stock Analysis page.