Current Report Filing (8-k)
27 Maio 2016 - 5:12PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
Pursuant to Section 13 or 15(d) of The Securities
Exchange Act of 1934
Date of report (Date of earliest event reported): May 20, 2016
Boreal Water Collection, Inc.
(Exact name of registrant as specified in its
charter)
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NV
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000-54776
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98-0453421
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(State or Other Jurisdiction
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(Commission File Number)
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(IRS Employer
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of Incorporation)
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Identification No.)
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4496 State Road 42 North, Kiamesha Lake, New York
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12751
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(Address of Principal Executive Officers
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(Zip Code)
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Registrant's telephone number, including area
code: (845) 794-0400
________________________________________
(Former name or former address, if changed since
last report)
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 (see General Instruction
A.2. below):
[_] 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))
Section 8 – Other Events
On August 27, 2013, Red Woods Investments, LLC (“mortgagor”)
entered into a mortgage loan (“mortgage”) with Boreal Water Collection, Inc. (“we” or “issuer”)
for the issuer’s bottling plant and office at 4494-4496 State Road 42, North Kiamesha, NY 12751. The mortgage was recorded
in Sullivan County, New York on September 5, 2013. A UCC Financing Statement was recorded as well. The principal amount of the
mortgage is nine hundred thousand dollars ($900,000) (“principal”).
On May 20, 2016, we were served a Civil Summons and Complaint for
Foreclosure of the mortgage (“Complaint”). We have 20 days to reply to the Complaint (exclusive of the date of service).
The Complaint primarily seeks repayment of the principal, default interest (24% per annum), attorney’s fees and costs.
The Complaint also includes Jeff Bank and John Does 1-10 as defendants.
Jeff Bank is the holder of a subordinate mortgage dated October 8, 2015; recorded on October 23, 2015 (“subordinate mortgage”).
The principal amount of the subordinate mortgage is $250,000. We have not as yet been contacted by Jeff Bank regarding the Complaint.
The Complaint is included herewith as an attachment. The Commercial
Real Estate Mortgage Note is Exhibit B. The mortgage is Exhibit C. The UCC Financing Statement is Exhibit G.
The Company will be opposing the mortgage proceeding. We are continuing
to attempt to raise private investment funds to assist in curing the mortgage default and settle the lawsuit. There is no guarantee
that we will be successful in doing so.
Section 9 - Financial Statements
and Exhibits
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9.01
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Financial Statements and Exhibits
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(d) Exhibits
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99.1
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Supreme Court of the State of New York; County of Sullivan; Verified Civil Complaint – Foreclosure and Exhibits; dated April 13, 1016; Red Woods Investments, LLC v. Boreal Water Collection, Inc., Jeff Bank and Does 1-10.
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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.
Dated: May 27, 2016
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Boreal Water Collection, Inc.
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By:
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/s/ Mrs. Francine Lavoie
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Mrs. Francine Lavoie, Principal Executive Officer, Principal Financial Officer, Controller and Sole Member of the Board of Directors
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