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 (Date of earliest event reported)

August 515, 2013 (~~July~~August 279, 2013)

CORONUS SOLAR INC.

(Exact name of registrant as specified in its charter)

British Columbia, Canada

(State or other jurisdiction of incorporation)

000-53697

(Commission File No.)

1100-1200 West 73rd Avenue

Vancouver, British Columbia

Canada V6P 6G5

(Address of principal executive offices and Zip Code)

604-267-7078

(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 (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))

ITEM 1.01

ENTRY INTO MATERIAL DEFINITIVE AGREEMENTS.

On ~~July~~August 309, 2013, ~~the parties extended the Maturity Date under the Loan~~ we ~~entered~~and ~~into with Clean Focus on December 20, 2012. We reported the Loan in~~ our ~~Form 8~~wholly-Kowned ~~filed with the SEC on January 7~~subsidiary, ~~February~~Coronus ~~13,~~Energy ~~April~~Corp. 16(“Coronus”), ~~and~~entered ~~May~~into 6,a ~~2013.~~share ~~The~~purchase ~~Note~~and isdevelopment ~~now~~services ~~due~~agreement on (the ~~earlier~~“Share ofPurchase i)and 31Development ~~days~~Services ~~after~~Agreement”) ~~the~~with ~~total~~Redwood ~~Advances~~Solar ~~equal~~Development ~~$4,000,000.00~~LLC ~~or ii) August 9, 2013~~ (~~the~~ “~~Maturity Date~~Redwood”).

~~ITEM~~As reported in our Form 8-K’s filed with the SEC on January 7~~.01 REGULATION~~, FDFebruary ~~DISCLOSURE~~13, April 16, May 6, and August 5, 2013, on December 20, 2012, Coronus and Coronus’ wholly-owned subsidiaries, conducted a non-brokered private placement, issuing a senior secured, promissory note (the “Note”) to Clean Focus Financing Company, LP (“Clean Focus”), for proceeds of up to $4,000,000 (the “Loan”).

AsUnder ~~disclosed~~the ~~above~~Share ~~under~~Purchase ~~Item~~and ~~1.01~~Development Services Agreement, we ~~announced~~have ~~the~~agreed ~~extension~~to sell 100% of the ~~Maturity~~issued ~~Date~~and ~~under~~outstanding ~~the~~shares ~~Loan~~of weCoronus ~~entered~~to ~~into~~Redwood, ~~with~~in ~~Clean~~addition ~~Focus~~to onperforming ~~December~~certain 20development services in respect of the twelve anticipated, ~~2012.~~utility-scale, ~~Additionally~~solar PV projects of Coronus, for the purchase and development services price (the “Contract Price”), as ~~disclosed~~specified ~~below~~in ~~under~~the ~~Item~~Share 8Purchase and Development Services Agreement, attached hereto as an exhibit.01 Redwood shall pay the Contract Price by issuing to us, wea ~~announced~~non-interest bearing, secured debenture (the ~~extension~~“Redwood Debenture”). Our obligation to complete the ~~San~~sale ~~Bernardino~~is ~~County~~subject, ~~moratorium~~in onpart, ~~approval~~to 1) us receiving a release from Clean Focus in respect of ~~commercial~~any ~~solar~~further ~~energy~~obligations ~~generation~~under ~~projects,~~or in connection with the ~~related~~Loan; ~~Coronus~~and ~~withdrawal~~2) the approval of the ~~interconnection~~Share ~~requests~~Purchase ~~for~~and ~~Coronus~~Development ~~solar~~Services PVAgreement ~~systems~~by ~~29-Palms~~our ~~North~~shareholders 2holding ~~and~~not 3,less ~~and~~than ~~the~~two-thirds ~~related~~of ~~formal~~our ~~request~~shares. Redwood’s obligation to ~~terminate~~complete the ~~CREST~~purchase ~~PPAs~~is subject, in ~~respect~~part, to 1) Redwood receiving lock-up agreements and proxies from our shareholders holding not less than 80% of ~~these~~our ~~two~~shares; ~~projects~~and 2) the approval of the Share Purchase and Development Services Agreement by our shareholders holding not less than 80% of our shares.

~~ITEM~~Prior 8to executing the Share Purchase and Development Services Agreement, Redwood received lock-up agreements and proxies from eleven of our shareholders, who, in aggregate, hold 79.~~01 OTHER~~9% ~~EVENTS~~of our shares. On August 15, 2013, Redwood received a further lock-up agreement and proxy from a shareholder who holds 117,000 shares. Redwood now has lock-up agreements and proxies from twelve of our shareholders, who, in aggregate, hold 80.6% of our shares.

AsWe ~~reported~~are inscheduled ~~our~~to ~~Form~~hold ~~10-K~~an ~~filed~~annual ~~with~~and ~~the~~special ~~SEC~~meeting onof ~~July~~our 2,shareholders ~~2013,~~(the “Meeting”) on ~~June~~September 1216, 2013, ~~the~~at ~~San~~which ~~Bernardino~~time, ~~County~~our ~~Board~~shareholders ofwill ~~Supervisors~~vote, ~~approved~~by aproxy ~~45-day~~or ~~temporary~~in ~~moratorium~~person, on ~~approval~~whether ofto ~~commercial~~approve ~~solar energy generation projects. The purpose of~~ the ~~moratorium~~Share isPurchase toand ~~prevent~~Development ~~establishment~~Services ofAgreement. ~~commercial~~The ~~solar~~closing ~~energy~~date ~~generation projects that may be incompatible with existing land uses, while~~ (the ~~County~~“Closing ~~contemplate~~Date”) ~~potential~~means ~~amendments to~~ the ~~Development~~date ~~Code~~on ~~for~~which the ~~purpose~~closing ofwill ~~ensuring and enhancing compatibility between solar energy generation projects and surrounding land uses. Coronus projects 29-Palms North~~occur, ~~Yucca~~which ~~Valley~~will ~~East,~~be ~~Joshua~~not ~~Tree~~more ~~East,~~than ~~and~~three ~~Apple~~business ~~Valley~~days ~~East~~following ~~are subject to~~ the ~~moratorium.~~date ~~Coronus project Adelanto West is not. As we reported, the moratorium may be extended by further action~~ of the ~~Board of Supervisors, initially for ten months and 15 days and then again for one year~~Meeting.

WeIn ~~report~~the ~~today~~event ~~that,~~the onrequired ~~July~~percentages ~~23,~~of ~~2013~~our shareholder votes are met under the Share Purchase and Development Services Agreement, upon the ~~Board~~transfer of ~~Supervisors~~Coronus ~~extended~~to ~~the~~Redwood, ~~moratorium~~all ~~for~~then 10outstanding ~~months~~advances ~~and~~under 15the ~~days~~Loan, together with all accrued but ~~said~~unpaid ~~they~~interest, ~~hoped~~will tobe ~~put~~assumed ~~new~~as ~~regulations~~part inof ~~place~~the ~~and~~transfer. ~~lift~~In the ~~ban~~event ~~sooner~~the ~~than~~required ~~that.~~percentages ~~San~~of ~~Bernardino~~our ~~County~~shareholder ~~Land~~votes ~~Use~~are ~~Services~~not ~~Department~~met ~~Planning~~under ~~Director~~the ~~Terri~~Share ~~Rahhal~~Purchase ~~said~~and ~~the~~Development ~~planners~~Services ~~are~~Agreement, ~~working~~we ~~with~~shall owe Redwood a ~~consultant~~break-up ~~and~~fee ~~hope~~of to$5,000,000, ~~return~~which towill be immediately due and payable. In addition, the ~~Board~~Loan ofwill ~~Supervisors~~be in ~~three~~immediate default, and will become due and payable, with us confessing judgment to ~~six~~the ~~months~~immediate exercise of remedies allowed with ~~new~~respect ~~regulations~~to ~~that~~the ~~would~~default ~~include~~of ~~location~~the ~~criteria~~Loan, ~~design~~including, ~~standards~~without ~~and~~limitation, ~~rules~~a ~~for~~declaration ~~processing~~of ~~applications.~~foreclosure ~~The~~on ~~Board~~the ofCoronus ~~Supervisors~~land ~~could~~parcels ~~lift~~and the ~~moratorium~~seizure atof ~~that~~all ~~time~~assets of Coronus.

As a consequence of the moratorium extension, Coronus formally withdrew its Southern California Edison ("SCE") interconnection requests for Coronus solar PV systems 29-Palms North 2 and 3. The interconnection time stipulated in the combined system impact and facility study reports for these two systems is 12 months. To meet these interconnection timelines, without exceeding the drop dead timelines of the systems' power purchase agreements ("CREST PPAs"), Coronus would need to start construction now, without delay. In the face of the San Bernardino County permit approval moratorium, this is not possible. As a consequence of the interconnection request withdrawals, Coronus is entitled to a release of the interconnection financial security postings Coronus deposited with SCE in respect of these two projects, in the cumulative amount of $864,600, less the costs, if any, SCE charged to these two projects.

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AsThe aContract ~~consequence~~Price, based on an agreed upon price of dollars per peak installed watt, is the ~~moratorium~~estimated ~~extension~~final output capacity of the twelve anticipated, utility-scale, solar PV projects of Coronus, ~~also~~and ~~put~~is abased ~~formal~~on ~~request~~the toaggregate ~~SCE~~of tothe ~~terminate~~value of the ~~CREST~~installed ~~PPAs~~solar inPV ~~respect~~systems and the value of ~~these~~the ~~two~~development ~~projects~~services to be performed by us. The payment of the Contract Price, and ~~asked~~the ~~SCE~~corresponding toretirement ~~return~~of the Redwood Debenture, is as follows: 1) $1,000 was paid to ~~Coronus~~us on the ~~development~~execution ~~securities~~of ~~Coronus~~the ~~posted~~Share ~~with~~Purchase ~~SCE~~and ~~under~~Development Services Agreement; 2) $9,000 shall be paid to us on the ~~CREST~~Closing ~~PPAs~~Date; 3) after four solar PV systems have met certain conditions, ininclusive of the ~~amounts~~receipt of ~~$38~~conditional use permits,~~250~~ ~~and~~a ~~$38~~payment of 5% of the Contract Price,~~250~~ per solar PV system, ~~respectively~~shall be paid to us; and 4) the balance of the Contract Price shall be pro-rated among the twelve solar PV systems with each pro-rata portion paid to us on permanent financial close in connection with the construction of each system.

Under the Share Purchase and Development Services Agreement, the Contract Price is subject to adjustment, upwards or downwards, as appropriate, based, in part, on the following parameters: installed capacity; development expense budget true-up; interconnection refund true-up; and Coronus financial statements true-up. Under the Share Purchase and Development Services Agreement, forward looking, Redwood agrees to fund, and the Contract Price reflects Redwood funding, certain development expenses that are separate and aside from the Contract Price. We understand and agree that the Redwood Debenture security interests received by us will be subordinate and junior to the interests securing the Loan, as well as subordinate and junior to all future draws under the Loan where the proceeds are used to fund those certain development expenses.

On August 9, 2013, by way of addendum (the “Loan Addendum”), the Maturity Date under the Loan was extended. The Note is now due on the earlier of i) the date of the Meeting, in the event that the Share Purchase and Development Services Agreement is not approved at the Meeting, or ii) the close of business on the Closing Date as defined in the Share Purchase and Development Services Agreement.

ITEM 7.01 REGULATION FD DISCLOSURE.

As disclosed above under Item 1.01, we announced today our entry, and that of Coronus, into the Share Purchase and Development Services Agreement with Redwood. Additionally, we announced the extension of the Maturity Date under the Loan we entered into with Clean Focus on December 20, 2012.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.

Exhibits	Document Description
10.1	Share Purchase and Development Services Agreement.
10.2	Form of Lock-Up Agreement.
10.3	Form of Proxy.
10.4	Clean Focus Loan – Fourth Addendum to Promissory Note.
99.1	Press release.

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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 this ~~5th~~15th day of August, 2013.

	CORONUS SOLAR INC.

	BY:	JEFFERSON THACHUK
		Jefferson Thachuk
		President, Principal Executive Officer, Principal Accounting Officer, Principal Financial Officer, Secretary, Treasurer and a member of the Board of Directors

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