Amerilithium Corp. (OTCPK:AMEL) announced a private placement of unsecured convertible promissory note in the principal amount of $50,000 with new investor Carebourn Capital, L.P. for gross proceeds of $50,000 on June 18, 2013. The note carries a coupon of 8% per annum and would mature on June 18, 2014. Investor has the right to convert the note into common stock of the company. The number of common shares delivered to the investor upon conversion will be calculated by dividing the amount of the company note that is being converted by the market price of the common stock, which is defined as 55% of the average of the lowest three trading prices during the 10 trading days immediately preceding the date of the conversion. The company will issue securities pursuant to exemption provided under Regulation D. Seth A. Brookman, Esq. of Lucosky Brookman LLP acted as legal advisor to the company. The company reimbursed $2,500 to the investor.

On June 18, 2013, Amerilithium Corp. closed the transaction.