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| 8-K - FORM 8-K DATED JUNE 29, 2011, ITEM 1.01, 2.03, 3.02, 7.01, 9.01 - INTEGRATED ENERGY SOLUTIONS, INC. | amerilithium8k062911.txt |
| EX-99.3 - LETTER AGREEMENT DATED JUNE 29, 2011 - INTEGRATED ENERGY SOLUTIONS, INC. | amerilithium8k062911ex99-3.txt |
| EX-99.2 - CONVERTIBLE PROMISSORY NOTE ISSUED FOR $540,000 - INTEGRATED ENERGY SOLUTIONS, INC. | amerilithium8k062911ex99-2.txt |
| EX-99.5 - SECURED & COLLATERIALIZE PROMISSORY NOTE FOR $540,000 - INTEGRATED ENERGY SOLUTIONS, INC. | amerilithium8k062911ex99-5.txt |
| EX-99.4 - ADDITIONAL DEFAULT PROVISIONS DATED JUNE 29, 2011 - INTEGRATED ENERGY SOLUTIONS, INC. | amerilithium8k062911ex99-4.txt |
| EX-99.1 - CONVERTIBLE PROMISSORY NOTE ISSUED FOR $1,850,000 - INTEGRATED ENERGY SOLUTIONS, INC. | amerilithium8k062911ex99-1.txt |
AmeriLithium Secures Additional Financing Agreement
& Receives Initial Payment from US Investor
HENDERSON, NV, July 6, 2011 -- AmeriLithium Corp. (OTC Bulletin Board:
AMEL) is pleased to announce that, on June 29, 2011, Amerilithium
signed a financing agreement with JMJ Financial, an American investment
company. The financing agreement details an investment of up to $6.7
million over a three year period. AmeriLithium received initial
payments of $430,000 on June 30, 2011.
The financing agreement consists of two portions: the initial financing
consisting of staged payments totaling $1.7 million; and the secondary
financing consisting of up to an additional $5 million, paid monthly
which may begin seven months after the signing of the financing
agreement. The secondary financing will be made under the resale
provisions of Rule 144 of the Securities Act of 1933. Any payments
regarding the additional $5 million financing are not assured.
Of particular interest, the financing agreement includes:
- no warrants;
- non-exclusive provision which allows AmeriLithium to obtain
financing from other sources without JMJ Financial's
permission; and
- a "no stock shorting provision" for the protection of
AmeriLithium and our shareholders.
"We're very excited about this new source of funding, and are looking
forward to working with our new investor," commented Matthew Worrall,
AmeriLithium's chief executive officer. "By utilizing these additional
funds, Amerilithium will not only be able to continue advancing its
current exploration program, but can also take the necessary steps
toward commencing exploration on its additional properties in the near
future."
In light of Amerilithium's new infusion of capital, additional
information on AmeriLithium's exploration program will be released at a
later date as details are solidified.
FOR MORE INFORMATION
More information on AmeriLithium's exploration program, and additional
information regarding our business operations, can be found at
AmeriLithium's corporate website www.amerilithium.com along with the
facility to sign up for regular news updates.
ABOUT LITHIUM: Lithium is a lightweight metal used in a wide range of
consumer products the world over: the medical industry uses Lithium as
an anti-depressant; industrial uses include glass, ceramic and
porcelain enamel manufacture; the aviation industry uses Lithium in
alloys. Of particular interest is the use of Lithium for battery
production, which has expanded significantly in recent years due to
rechargeable Lithium batteries being used increasingly in electrical
tools and in the rapidly expanding portable electronics market.
Furthermore, the next generation of hybrid and electric vehicles are
being designed to use high-capacity Lithium-ion batteries as
environmentally-friendly fuel alternatives while the Obama
2
administration has introduced $5 billion in funding and incentives for
the development of a secure, domestic battery industry with special
focus on Lithium-ion batteries.
ABOUT AMERILITHIUM: AmeriLithium is a publicly traded (NASD OTC BB:
AMEL), mining company committed to progressively developing into one of
the leading American players in the global Lithium industry.
Amerilithium is headquartered in Henderson, NV. AmeriLithium has
amassed a Lithium portfolio consisting of ~724,000 acres, including
three Nevada-based projects nearby the only Lithium producing plant in
the US, a large project in Alberta, Canada, and a project in Western
Australia.
ON BEHALF OF THE BOARD OF DIRECTORS,
AmeriLithium Corp.
Matthew Worrall, Chief Executive Officer
Contact:
AmeriLithium Corp.
871 Coronado Center Dr.
Ste. 200
Henderson
Nevada
89052
Phone: (702) 583-7790
Fax: (702) 583-7791
Email: info@amerilithium.com
INVESTOR RELATIONS:
Toll Free: 1-888-982-6374
Email: ir@amerilithium.com
Certain statements in this press release are forward-looking and
involve a number of risks and uncertainties. Such forward-looking
statements are within the meaning of that term in Section 27A of the
Securities Act of 1933, as amended and Section 21E of the Securities
Exchange Act of 1934, as amended. AmeriLithium Corp. bases these
forward-looking statements on current expectations and projections
about future events, based on information currently available. The
forward-looking statements contained in this press release may also
include statements relating to AmeriLithium Corp.'s anticipated
financial performance, business prospects, new developments, strategies
and similar matters. AmeriLithium Corp. disclaims any obligation to
update any of its forward-looking statements, except as may be required
by law.
