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Message: Star Navigation Announces Option Grant

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Star Navigation Announces Option Grant

posted on Feb 15, 11 02:30PM (Log in to use the IP Check tool) ^[?]

TORONTO, ONTARIO--(Feb. 15, 2011) - Star Navigation Systems Group Ltd. (TSX VENTURE:SNA) ("Star" or the "Company"), announces that on February 4, 2011, pursuant to its 2006 Incentive Stock Option Plan as amended, the Board of Directors of the Company granted incentive stock options to an officer of the Company to purchase up to 500,000 common shares in the capital stock of the Company. The options expire February 15, 2015 and are exercisable at a price of $0.21 per share.

FOR FURTHER INFORMATION PLEASE CONTACT:

Viraf Kapadia
Star Navigation Systems Group Ltd.
CEO
(416) 252-2889
viraf.kapadia@star-navigation.com
www.star-navigation.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the content of this release.

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