Navy Resources Corp. (TSX-V: NVY) (the “Company”) is pleased to announce a non-brokered private placement (the "Offering") for up to $1,105,000. Pursuant to the Offering, if fully subscribed to, the Company will issue 6,500,000 common shares at a price of $0.17 per common share, for gross proceeds of $1,105,000. The proceeds of the private placement are for the Company's general working capital and to fund the investigation of other potential acquisitions and exploration activities.
All securities will be subject to a four-month hold period from the closing date. The Offering is subject to TSXV approval.
On behalf of the Board of Directors,
CFO and Director
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 this release.