Amended Current Report Filing (8-k/a)
25 May 2017 - 11:05AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K/A
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
May 19, 2017
BRIGHTLANE CORP.
(Exact name of registrant as specified in its charter)
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Nevada
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000-54027
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30-0782905
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(State or other jurisdiction
of incorporation)
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(Commission File Number)
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(IRS Employer
Identification No.)
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3270 Sul Ross
Houston, Texas 77098
(Address of Principal Executive Offices)
(888) 468-2856
Registrant
s telephone number, including area code
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
EXPLANATORY NOTE
This amendment to Form 8-K, as originally filed May 24, 2017, is being filed solely to appropriately file all amendments to the document. No other changes have been made.
Item 1.01 Entry into a Material Definitive Agreement
On May 19, 2017, Brightlane
CLOC Acquisitions, L.L.C., a Delaware limited liability company and a wholly owned subsidiary of the registrant entered into a $5,000,000 revolving credit facility with Colony American Finance Lender, LLC, a Delaware limited liability company.
Brightlane
CLOC Acquisitions, L.L.C. intends to purchase in excess of 100 single-family homes in Texas, Georgia, South Carolina, North Carolina, and Florida utilizing this credit facility within the next six to nine months.
Item 9.01 Financial Statements and Exhibits
Exhibit 10.1
Loan Agreement by and between Brightlane
CLOC Acquisitions, LLC and Colony American Finance Lender, LLC dated May 17, 2017, executed May 19, 2017
Exhibit 10.2
Secured Promissory Note dated May 17, 2017, executed May 19, 2017
Exhibit 10.3
Guaranty
Stephen C. Helms dated May 17, 2017, effective May 19, 2017
Exhibit 99
press release dated May 18, 2017
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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BRIGHTLANE CORP.
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Date: May 24, 2017
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By:
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/s/
Steve Helm
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Steve Helm
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President and Chief Executive Officer
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(Principal Executive Officer, Principal Accounting Officer and Principal Financial Officer)
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