Northstar Arm Goes Buying
Investing is hard enough, tries to simplify the whole process. Join our free email newsletter!
Under $0.25 Momentum Plays, One Of Many Features Available On Pro.
Try It Free For 14 Days!

Northstar Arm Goes Buying

Under $0.25 Momentum Plays, One Of Many Features Available On Pro.
Try It Free For 14 Days!
By: Dylan Sikes – News

Thursday, January 10, 2019

A Virginia company is out with tidings of a major acquisition.

Virginia Beach-based Northstar Electronics, Inc. (OTC:NEIK) provided news of its subsidiary, Northstar Sealand Enterprises Ltd. (NSEL), regarding a major acquisition.

NEIK and NSEL have been working closely with a major global Aerospace Company to acquire the worldwide rights and IP for a high-performance Turbo-Prop industrial aircraft.

Recently, the Aerospace Company in question presented the main details of this complex transaction to the Canadian government where the plan was met with positive and enthusiastic feedback from the department’s representatives. 

This confirmation of interest in this transaction, and its eligibility for substantial “Offset” credits under Ottawa’s Industry Trade and Benefits program, will now ease the planned transaction through the Aerospace Company’s internal review processes.  

The shares vaulted 12.4%, or 11-100ths of a cent, to one penny, though volume was a disappointing 60,000 shares Thursday. 

Copyright © 2019 All rights reserved. Republication or redistribution of's content is expressly prohibited without the prior written consent of shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon

Other Penny Stock Movers

This Oil Stock Is Up 26% In The Last 3 Weeks & Looks Poised For Further Gains
Offering Yeoman Support in Fight vs. Diabetes: Decision Diagnostics
HIT Makes Big SPLASH With Best Buy Distribution
dynaCERT Makes Inroads in India

Back to Top