~~SECURITIES~~ UNITED ~~AND EXCHANGE COMMISSION Washington, D.C. 20549~~STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20509

FORM 8-K

CURRENT REPORT ~~Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934~~

~~Date~~Pursuant ofto ~~Report~~Section 13 or 15(~~Date~~d) of ~~earliest~~the ~~event~~Securities ~~reported):~~Exchange ~~June~~Act ~~11,~~of ~~2007~~ 1934

~~Waterbank~~September of22, ~~America (USA) Inc.~~ 2009

Utah	0-51075	38-3749557
(State of other jurisdiction of incorporation)	(Commission File Number)	(I.R.S. Employer Identification Number)

Date of Report

~~Espirito~~(Date ~~Santo~~of ~~Plaza 1395~~Earliest ~~Brickell~~Event ~~Avenue, Suite 1020 Miami, Florida 33131~~ Reported)

~~(786)~~GLOBAL ~~597-5282~~ WATER ASSET CORPORATION

~~N/A~~ (~~Former~~Exact Name orof ~~Former~~Registrant ~~Address,~~as ifSpecified ~~Changed~~in ~~Since~~its ~~Last Report~~Charter)


UTAH	20-0919460
(State or Other Jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)

P. O. Box 304

Pointe Claire, Quebec

Canada H9R 4P3

(Address of Principal Executive Offices)

(514) 518-0164

Registrant's Telephone Number

Waterbank of America (USA), Inc.

Espirito Santo Plaza

1395 Brickell Avenue, Suite 1020

Miami, Florida 33131

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:

o [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

~~Forward-Looking Statements~~<PAGE>

~~Statements~~Item ~~in this Current Report on Form 8-K (including the exhibit) that are not purely historical facts, including statements regarding Waterbank of America (USA) Inc~~3.'s02 Unregistered ~~(the~~Sales ~~"Registrant's) beliefs, expectations, intentions or strategies for the future, may be "forward-looking statements" under the Private Securities Litigation Reform Act~~ of ~~1995.~~Equity All forward-looking statements involve a number of risks and uncertainties that could cause actual results to differ materially from the plans, intentions and expectations reflected in or suggested by the forward-looking statements. Risk factors, cautionary statements and other conditions which could cause the Registrant's actual results to differ from management's current expectations are contained in Registrant's filings with the Securities ~~and Exchange Commission~~. ~~The Registrant undertakes no obligation to update any forward-looking statement to reflect events or circumstances that may arise after the date of this filing.~~

In accordance with the matters discussed in Item 5.~~02 Departure~~03 below and the Revised Definitive Information Statement filed with the Securities and Exchange Commission (the “Commission”) on July 30, 2009, Waterbank of ~~Directors~~America or(USA) ~~Principal~~Inc., ~~Officers;~~a ~~Election~~Utah corporation (the “Company”), issued a total of ~~Directors;~~377,780 ~~Appointment~~post-split shares of ~~Principal~~its ~~Officers.~~common stock to the following three stockholders (the “Holders”), in the amounts indicated opposite each recipient’s name:

The Registrant received the resignation of Stewart B. Levitan as its Executive Vice President and Chief Operating Officer effective as of June 14, 2007, and concurrently entered into a 5-month consultancy agreement with Mr. Levitan for a period ending November 15, 2007. Mr. Levitan's resignation as an executive officer of the Registrant did not involve a disagreement with the Registrant on any matter relating to the Registrant's operations, policies and practices. The Chief Operating Officer position will remain vacant at this time. Holder

~~Item 8~~No.~~01 Other~~ ~~Events.~~of Shares

OnForstar ~~June~~Capital 11Advisers, ~~2007, the Registrant distributed a letter dated May 29, 2007 to its shareholders~~Inc. ~~A copy of the shareholder communication letter is attached as Exhibit 99.1 hereto.~~ ,

~~On June 15~~109, 2007, the Registrant issued a press release announcing an exclusive distribution agreement for its ICEROCKS product with Kruytbergh Foodservice B.V., a leading distributor of super-premium beverages for Belgium, the Netherlands, Luxembourg and Germany. A copy of the press release is attached as Exhibit 99.2 hereto. 180

Bare Trustee

Vicis Capital Master Fund

243,060

Cipher 06 LLC

25,540

Total

377,780

These shares were issued in consideration of each Holder’s agreement to extend to May 31, 2009, the maturity date of certain promissory notes held by the Holders, pursuant to an Extension Agreement made as of December 31, 2008. See the Company’s Revised Definitive Information Statement filed with the Commission on July 30, 2009.

The issuance of these shares represents approximately 28% of the post-issuance outstanding shares of the Company. The Company believes that these issuances were exempt from registration pursuant to Section 4(2) of the Securities Act of 1933, as amended, and Rule 506 of Regulation D promulgated thereunder.

Item 5.03. Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.

On September 22, 2009, the Company filed with the Utah Division of Corporations Articles of Amendment to its Articles of Incorporation (the “Amendment”) by which it:

(i) effected a reverse split of its common stock on the basis of one for 45, while retaining the current authorized shares and the par value of one mill ($0.001) per share, with appropriate adjustments being made in the additional paid in capital and stated capital accounts of the Company, and with all fractional shares to be rounded up to the nearest whole share; and

(ii) changed the Company’s name to “Global Water Asset Corporation.”

The reverse split and the name change were effective on September 23, 2009, in accordance with the provisions of the Amendment, and will be effective in the current trading market for shares of common stock of the Company on the Pink OTC Markets, Inc. (the “Pink Sheets”) when effectuated by the Financial Industry Regulatory Authority, Inc. (“FINRA”), which usually takes approximately 10 days. The Company’s common stockholders do not need to take any action in connection with either of these matters.

Item 9.01 Financial Statements and Exhibits.

(da) ~~Exhibits:~~ Financial statements of businesses acquired.

~~99.1 Waterbank~~None; ofnot ~~America (USA) Inc~~applicable. ~~Letter to Shareholders dated May 29, 2007. 99.2 Press Release dated June 15, 2007.~~

~~SIGNATURE~~ (b) Pro forma financial information.

None; not applicable.

(d) Exhibits.

Exhibit No.

Description

Articles of Amendment to Articles of Incorporation

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.

~~Date:~~GLOBAL ~~June~~WATER ~~18,~~ASSET ~~2007 WATERBANK OF AMERICA (USA) INC. By: /s/ MICHEL P. PELLETIER MICHEL P. PELLETIER President and Chief Executive Officer~~

~~EXHIBIT~~ CORPORATION, ~~INDEX~~ a Utah corporation

Exhibit Number	Description of Exhibit
99.1	Waterbank of America (USA) Inc. Letter to Shareholders dated May 29, 2007. Also provided in PDF format as a courtesy.
99.2	Press Release dated June 15, 2007. Also provided in PDF format as a courtesy.

Dated: 9/24/2009

By /s/ Michel Pelletier

Michel Pelletier, President

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