Liberated Energy, Inc. (OTCPK:LIBE.D) announced that it has entered into a securities purchase agreement for a private placement of one convertible promissory note with returning investor, Carebourn Capital, L.P. at $197,363.70 per note for gross proceeds of $197,363.70 on September 7, 2016. The note carries prepaid feature and was issued at par. The note will carry fixed interest rate of 12% and will mature on September 7, 2017. The note can be convertible into common shares of the company having a par value of $0.001 per share at a variable conversion price. The company paid $8,000 for investor’s legal fees, accounting fees, due diligence fees, monitoring, and/or other transactional costs incurred in connection with the transaction.