Trailblazer settles $250,000 private placement of 8% convertible note

Convertible, due Feb. 21, 2016, was purchased by Diversified Equities

By Devika Patel

Knoxville, Tenn., Feb. 27 - Trailblazer Resources, Inc. sold a $250,000 convertible promissory note to Diversified Equities Partners, LLC on Feb. 21, according to an 8-K filed Wednesday with the Securities and Exchange Commission.

The 8% note is due Feb. 21, 2016 and may be converted into common shares at $0.067, which is a 55.33% discount to the Feb. 20 closing share price of $0.15. It may be prepaid.

The holding company is based in Henderson, Nev.

Issuer:	Trailblazer Resources, Inc.
Issue:	Convertible promissory note
Amount:	$250,000
Maturity:	Feb. 21, 2016
Coupon:	8%
Conversion price:	$0.067
Call:	Yes
Warrants:	No
Investor:	Diversified Equities Partners, LLC
Settlement date:	Feb. 21
Stock symbol:	OTCBB: TBLZ
Stock price:	$0.15 at close Feb. 20
Market capitalization:	$7.02 million

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