TORONTO, Sept. 10, 2018 (GLOBE NEWSWIRE) — Star Navigation Systems Group Ltd. (CSE:SNA) (CSE:SNA.CN) (OTC:SNAVF) (“Star” or the “Company”) is pleased to announce that pursuant to its 2006 Incentive Stock Option Plan, as amended, the Board of Directors of the Company has approved the grant of incentive stock options to purchase 1,500,000 common shares in the capital stock of the Company to certain employees and consultants of the Company (the “Grantees”). The options expire August 31, 2020, are exercisable at $0.075 per share for 1,000,000 of them, at $0.10 for 250,000, at $0.15 for 250,000, and are subject to a four month statutory hold from the date of issue.
The Board of Directors of the Company utilizes stock options as incentives to certain directors, officers, employees and consultants of the Company as part of its overall strategy.
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