Global CashSpot entered into a binding letter of intent to acquire Trailblazer Resources, Inc. (OTCPK:TBLZ) in a reverse merger transaction on December 8, 2016. Under the terms of the agreement, Trailblazer Resources has agreed upon closing to issue and cause to be delivered to the shareholders of Global CashSpot, in exchange for their Global CashSpot shares, a total of 37.8 million of newly issued shares of Trailblazer Resources. As a condition to closing, Trailblazer Resources will have to obtain the necessary shareholder authorizations to change its name to Global CashSpot Corp, and bring its SEC reporting obligations current. The parties intend that a closing of the transaction shall occur within 60 days of the date of the letter of intent, unless extended by mutual agreement of the parties.