Santa Rosa Resources Corp. (TSXV:STR.H) announced a non-brokered private placement of up to 10,000,000 units at a price of CAD 0.05 per units for gross proceeds of up to CAD 500,000 on October 21, 2020. Each unit consists of one common share and one share purchase warrant. Each warrant entitles the holder to purchase one additional common share of the company at a price of CAD 0.20 per share for a period of three years from closing of the transaction. All shares issued will be subject to a four-month-and-a-day hold period.