Ism International Inc. (OTCPK:ISML) announced a private placement of common shares for gross proceeds $10,000,000 with a private investment group on May 18, 2012. The consideration will be in cash. Terms of the deal are confidential and transaction will not result in any common shareholder dilution. The funding had to be spread over next 24 months. On May 18, 2012, Ism International Inc. closed the transaction.