Strategic Internet Investments, Incorporated (OTCPK:SIII) announced a non-brokered private placement of 13,3000,000 units at a price of $0.15 per unit with Allewan General Trading Ltd. for gross proceeds of $1,999,500 on September 26, 2013. Each unit consists of one common share and one-half of one share purchase warrant. Each warrant entitles the holder to purchase one common share at an exercise price of $0.20 per share for a period of one year.

The transaction is expected to close within 30 days and is subject to completion of due diligence by the investor.