0001493152-17-014461.txt : 20171211 0001493152-17-014461.hdr.sgml : 20171211 20171211164455 ACCESSION NUMBER: 0001493152-17-014461 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20171211 ITEM INFORMATION: Completion of Acquisition or Disposition of Assets FILED AS OF DATE: 20171211 DATE AS OF CHANGE: 20171211 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Dream Homes & Development Corp. CENTRAL INDEX KEY: 0001518336 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-EDUCATIONAL SERVICES [8200] IRS NUMBER: 202208821 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-55445 FILM NUMBER: 171249932 BUSINESS ADDRESS: STREET 1: 314 S. MAIN STREET CITY: FORKED RIVER STATE: NJ ZIP: 08731 BUSINESS PHONE: 609-693-8881 MAIL ADDRESS: STREET 1: 314 S. MAIN STREET CITY: FORKED RIVER STATE: NJ ZIP: 08731 FORMER COMPANY: FORMER CONFORMED NAME: Virtual Learning Company, Inc. DATE OF NAME CHANGE: 20110415 8-K 1 form8-k.htm

 

 

 

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

 

Date of Report: December 11, 2017

 

DREAM HOMES & DEVELOPMENT CORPORATION

(Exact Name of Registrant as specified in its charter)

 

Nevada

  333-174674   26-4012225
(State of Incorporation)   (Commission File Number)   (IRS Employer Identification No.)

 

314 Rt 9 Forked River, New Jersey 08731

(Address of Principal Executive Offices and Zip Code)

 

Registrant’s Telephone Number, Including Area Code: (609) 693-8881

 

 

 

 

 

 

2.01 - Completion of Acquisition or Disposition of Asset

 

Dream Homes signed an agreement on Friday, December 8, 2017 to assign the existing contract to purchase the following property from Dream Homes Ltd. to Dream Homes & Development Corp. (OTCQB: DREM):

 

Marina property – 48 townhomes – Lacey Township, NJ

A portion of Block 109, Lots 2.02, 2.04 & 2.05

Approximately 7.5 acres

 

This assignment will be paid for with one hundred and sixty two thousand, two hundred thousand (162,200) shares of Dream Homes & Development Corporation common stock. For the purposes of this transaction, the stock shall be valued at $.30 per share, a price that 15% above the current publicly traded bid price as of 12/08/2017.

 

The contract to purchase shall be assigned in its entirely as of this date, and Dream Homes and Development Corporation shall become responsible for all of Dream Homes Ltd. obligations under the contract.

 

 

 

 

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.

 

Dream Homes & Development Corp.  
   
/s/ Vincent Simonelli  
Vincent Simonelli, President & CEO  
Date: December 11, 2017