Blue Water Global Group, Inc. (OTCBB:BLUU) announced a private placement of convertible promissory note with an existing investor, Macallan Partners LLC for gross proceeds of $80,000 on April 30, 2015. The note will carry fixed interest rate of 8% and will mature on November 5, 2015. The note may be prepaid in whole or in part, at any time beginning at 130% of the outstanding principal and accrued interest during the first 60 days, 140% between days 61 and 120 after the closing date, and 150% between 121 days and the maturity date.

The note is convertible into the common shares of the company at investor's option at the lesser of ; 55% of the lowest trade occurring during the 20 consecutive trading days immediately preceding the applicable conversion date or 50% of the bid price on the date of conversion.