American Caresource Holdings, Inc. (OTCPK:GNOW) announced a private placement of secured promissory notes for gross proceeds of $200,000 on October 6, 2016. The transaction included participation from returning investor John Pappajohn. The promissory note issued at par and carries fixed interest rate of 6% per annum, payable on the first day of each calendar month after the date of issuance and all principal and accrued repayable 18 months from the date of issuance. The notes carry maturity of 18 months.