Navy Resources Corp. (TSXV:NVY) announced a non-brokered private placement of 10,000,000 common shares at a price of CAD 0.20 per share for gross proceeds of up to CAD 2,000,000 on August 25, 2020. All the securities will subject to a hold period of four months from the date of closing. The transaction is subject to approval from TSX Venture Exchange.