Navy Resources Corp. (TSXV:NVY) announced a non-brokered private placement of 6,500,000 common shares at a price of CAD 0.17 per share for a total gross proceeds of CAD 1,105,000 on August 6, 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.