Star Navigation Systems Group Ltd. (TSXV:SNA) announced that it has received a non-brokered private placement of 4,000,000 units at a price of CAD 0.10 for gross proceeds of CAD 400,000 on January 11, 2018. Each unit consists of one common share and one common share purchase warrant. Each warrant entitles the holder to purchase one common share at an exercise price of CAD 0.15 for a period of one year from the date of issue. The company will pay finder’s fees in the amount of 10% of gross proceeds in units. The securities are subject to a hold period of four months from the date of issuance. On December 27, 2018, the company amended the exercise price of warrants. The warrants will now entitle the holder to purchase one common share at an exercise price of CAD 0.07 per share until February 11, 2019.