Esstra Industries Inc. (TSXV:ESS) announced a non-brokered private placement 2,500,000 units at CAD 0.40 per unit for gross proceeds of CAD 1,000,000 on December 15, 2020. Each unit will consist of one common share and one common share purchase warrant. Each warrant will be exercisable into one common share at CAD 0.80 for one year from the date of issuance. The securities issued in the transaction are subject to a hold period of four months. The transaction is subject to negotiation and execution of a Definitive Agreement and receipt of all regulatory approvals.