Santa Fe Petroleum, Inc. (OTCBB:SFPI) announced that a private placement on best efforts basis of 10,000,000 common shares at $0.5 per share for gross proceeds of $5,000,000 on May 1, 2012. The minimum investment accepted from any outside investor will be $200. The securities will be issued pursuant to Regulation D. Focus Capital Group, Inc. will act as the placement agent to the company. The agent will receive a commission of 10% of the gross proceeds raised in the transaction, a non-accountable expense allowance of 3% of the gross proceeds raised in the transaction, and grant to agent warrants to purchase common shares equal to 10% of the number of common shares sold by agent in the transaction at $0.50 per share with an expiration date five years from closing and a cashless exercise provision.

From July 1, 2012 through September 30, 2012, Santa Fe Petroleum, Inc. closed the transaction. The company issued 807,050 shares to 14 investors for gross proceeds of $403,525. The company received the net proceeds of $243,573 after deducting $159,952 of financing and offering expenses.