UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
April 19, 2007
Date of Report (Date of earliest event reported)
BALSAM VENTURES, INC.
(Exact name of registrant as specified in its charter)
| NEVADA | 000-32011 | 52-2219056 |
| (State or other jurisdiction of | (Commission File | (IRS Employer Identification No.) |
| incorporation) | Number) | |
| | | |
| | | |
| 1480 Gulf Road, Suite 204 | | |
| Point Roberts, WA | | 98281 |
| (Address of principal executive offices) | | (Zip Code) |
(360) 306-0230
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))
SECTION 1 – REGISTRANT’S BUSINESS AND OPERATIONS
ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.
On April 19, 2007, Balsam Ventures, Inc. (the “Company”) entered into a loan agreement (the “Loan Agreement”) with Black Pointe Holdings Inc. (“Black Pointe”), pursuant to which the Company borrowed $60,000 from Black Pointe. The loan to the Company extends for a period of one year, matures on April 19, 2008, and accrues interest at a rate of 8% per annum. The loan is unsecured.
A copy of the Loan Agreement and the promissory note evidencing the loan agreement are filed as exhibits to this report.
SECTION 9 – FINANCIAL STATEMENTS AND EXHIBITS
| ITEM 9.01 | FINANCIAL STATEMENTS AND EXHIBITS. |
| | |
| (d) | Exhibits |
SIGNATURE
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.
| | BALSAM VENTURES, INC. |
| | | |
| | By: | /s/ John Boschert |
| Date:April 20, 2007 | | |
| | | JOHN BOSCHERT |
| | | Chief Executive Officer, Chief Financial Officer |
| | | President, Secretary and Treasurer |
| | | and Director |
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