Strategic Internet Investments, Incorporated (OTCPK:SIII) announced that it will receive $50,000 in a round of funding from individual investor, Ali Awad Sharab on January 5, 2014. The company will receive convertible loan in the transaction. The loan will bear interest at 10% per annum and will mature on January 7, 2015.

The note is convertible into units of the company. Each unit will consist of one common share and a warrant. Each warrant will entitle the holder to purchase an additional common share of the company for a period of two years at an exercise price of $0.20 for the first year and at $0.35 per share for the second year.