International Silver, Inc. (OTCPK:ISLV) announced a private placement of convertible notes for gross proceeds of $600,000 on February 6, 2012. The round includes participation from ISLV Partners, LLC. The notes will bear an interest of 8% per annum and is due on or before July 27, 2013. The investor will have the right to loan an additional amount of at least $4,000,000 on comparable terms until March 15, 2012. The note is convertible into common shares of the company at $0.20 per share. The company also issued a warrant to purchase 3,000,000 additional shares of common stock at an exercise price of $0.40 per share, exercisable through February 6, 2015.

On May 17, 2012, the company amended the terms of the financing. Instead of the right to loan for additional $4,000,000, the investor will now have the right to make an additional loan of $2,000,000. The standstill date was amended from March 15, 2012 to November 15, 2012. Rest of the terms remains the same for the notes. On the same day, the company has executed a note for $130,000.

On May 25, 2012, the company executed an additional note for $1,870,000, increasing the total transaction size to $2,600,000. The entire notes were issued at a discount of $501,712, thereby raising total proceeds of $2,098,288 for the company. The company also issued additional warrants to purchase 10,000,000 additional shares of common stock at an exercise price of $0.40 per share, exercisable through May 25, 2015. The company also has the provision to raise additional $2,000,000 in the financing.

On February 22, 2013, the company announced that it will raise an additional $2,200,000 in the transaction. On the same day, the company raised $1,000,000 in funding and shall receive the remaining $1,200,000 till April 15, 2013. The company also issued additional warrants to purchase 5,000,000 additional shares of common stock at an exercise price of $0.40 per share, exercisable through February 21, 2016.

On May 29, 2013, the company announced that it has received $500,000 in funding and will receive the remaining $700,000 till July 1, 2013. he company also issued additional warrants to purchase 2,500,000 additional shares of common stock at an exercise price of $0.40 per share, exercisable through May 22, 2016.

On July 31, 2013, the company announced that it will raise an additional $1,000,000 in the transaction. On the same day, the company raised $500,000 in funding and shall receive the remaining $1,000,000 till November 5, 2013. The company also issued additional warrants to purchase 5,000,000 additional shares of common stock at an exercise price of $0.40 per share, exercisable through February 21, 2016.

On December 20, 2013, the company announced that it has received $100,000 in funding. The company also issued additional warrants to purchase 500,000 additional shares of common stock at an exercise price of $0.40 per share, exercisable through December 20, 2016.

On January 7, 2014, International Silver, Inc. (OTCPK:ISLV) closed the transaction. The company announced that it has received $34,556 in funding.