Crailar (CRLRF) 8-K CRAiLAR Technologies Inc. Announces Private Placement and Debt Settlement

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

March 14, 2014Date of Report (Date of earliest event reported)

CRAILAR TECHNOLOGIES INC.
(Exact name of registrant as specified in its charter)

British Columbia
(State or other jurisdiction of incorporation) 000-50367
(Commission File Number) 98-0359306
(IRS Employer Identification No.)

305-4420 Chatterton Way
Victoria, British Columbia
(Address of principal executive offices) V8X 5J2
(Zip Code)

(250) 658-8582
Registrant's telephone number, including area code

Not applicable
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K 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 8 - OTHER EVENTS

Item 8.01     Other Events

On March 14, 2014, Crailar Technologies Inc. (the "Company") issued a press release (the "Press Release") announcing that it has received expressions of interest, on a non-brokered deal basis, to raise an aggregate of up to US$3,100,000 by way of a private placement offering of units (each a "Unit") at a subscription price of US$1.25 per Unit.

A copy of the Press Release is attached as Exhibit 99.1 hereto.

SECTION 9 - FINANCIAL STATEMENTS AND EXHIBITS

Item 9.01      Financial Statements and Exhibits

(a)     Financial Statements of Business Acquired

Not applicable.

(b)     Pro forma Financial Information

Not applicable.

(c)     Shell Company Transaction

Not applicable.

(d)     Exhibits

Exhibit	Description
99.1	Press release dated March 14, 2014

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.

	CRAILAR TECHNOLOGIES INC.
Date: March 17, 2014	/s/ Guy Prevost                                   Name:    Guy Prevost Title:    Corporate Controller

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