Blue Water Global Group, Inc. (OTCBB:BLUU) announced a private placement of convertible promissory note with a new accredited investor, Black Mountain Equities, Inc. for gross proceeds of $225,000 on December 22, 2014. The company signed an agreement with the agreement. The note has a principle value of $250,000 and will be issued at a discount of 10% which is equal to $25,000.

The note will mature on December 22, 2015 and will carry one time interest of 12%. The note will be convertible into the common shares of the company at the lesser of $0.03 or 60% of the lowest trade occurring during the 25 consecutive trading days immediately preceding the applicable conversion on which the investor elects to convert all or part of this note, subject to adjustment as provided in this note.