Navy Resources Corp. (TSXV:NVY) will seek acquisitions. Navy Resources is increasing the size of the previously announced non-brokered private placement offering from 10 million common shares at a price of CAD 0.20 to up to 11 million shares at a price of CAD 0.20 for gross proceeds of up to CAD 2.2 million. The proceeds of the offering are for the company's general working capital, to finance the investigation of additional potential acquisitions and to finance exploration activities on its current portfolio.