UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 ORor 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) May ~~March 31~~1, 2015

Portlogic Systems Inc.

(Exact name of registrant as specified in its charter)

Nevada	333-151434	20-2000407
(State or other jurisdictionof incorporation)	(CommissionFile Number)	(IRS EmployerIdentification No.)
2 Toronto Street, Suite 422, Toronto, Ontario, Canada		M5C 2B5
(Address of principal executive offices)		(Zip Code)

Nevada

~~Registrant’s telephone number, including area code (647) 847~~333-~~8350~~151434

20-2000407

(State or other jurisdiction

(Commission

(IRS Employer

of incorporation)

File Number)

Identification No.)

2 Toronto Street, Suite 422, Toronto, Ontario, Canada

M5C 2B5

(Address of principal executive offices)

(Zip Code)

Registrant’s telephone number, including area code

(647) 847-8350

_________________________________________________________________________

(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 ~~(see General Instruction A.2. below)~~:

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))

Item 1.01 Entry into a Material Definitive Agreement

~~Entry~~On ~~into~~May 1, 2015, we entered in a ~~Material~~Convertible ~~Definitive~~Drawdown ~~Agreement~~Loan agreement with KJV Property Group LLC in consideration for a drawdown loan of $100,000 USD for funds advanced, over a term of two years. Any unpaid amount of the drawn down balance borrowed may be payable on demand, convertible to common shares, or written off as expense by KJV Property Group. Interest payable on the Principal Amount shall accrue at a fixed rate equal to the prime interest rate plus 2%. We are permitted to make partial payments against the principal amount and interest at any time without penalty.

OnThe ~~March~~Convertible ~~30,~~Drawdown ~~2015,~~Loan weagreement ~~entered~~by ~~into~~Portlogic aSystems ~~Debt~~Inc. ~~Conversion~~to ~~Agreement~~KJV ~~with~~Property ~~our~~Group ~~Chief~~LLC ~~Executive~~is ~~Officer,~~filed ~~Jueane~~as ~~Thiessen,~~Exhibit ~~whereby $150,000~~10.001 ~~of Accounts Payable owed by the Company~~ to ~~Jueane~~this ~~Thiessen was converted to 30~~report,~~000,000~~ ~~restricted~~incorporated ~~common stock of the Company~~herewith.

~~The~~Item ~~Debt Conversion Agreement is filed as Exhibit 10~~9.101 toFinancial ~~this~~Statements ~~report,~~and ~~incorporated herewith~~Exhibits.

~~Item~~Exhibit 9No.~~01. Financial Statements and Exhibits.~~

Exhibit Number			Description
10.1			Debt Conversion Agreement between Portlogic Systems Inc. and Jueane Thiessen dated March 30, 2015

Description

~~SIGNATURES~~10.1

~~Pursuant~~Convertible toDrawdown ~~the~~Loan ~~requirements~~agreement ofby ~~the~~Portlogic ~~Securities~~Systems ~~Exchange~~Inc. ~~Act of 1934, the registrant has duly caused this report~~ to beKJV ~~signed~~Property onGroup ~~its~~LLC, ~~behalf~~dated byMay ~~the~~1, ~~undersigned hereunto duly authorized~~2015.

			Portlogic Systems Inc.
			(Registrant)
Date: March 31, 2015
			/s/ Jueane Thiessen
			(Signature)
			Name: Jueane Thiessen
			Title: Chief Executive Officer

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 thereunto duly authorized.

Portlogic Systems Inc.

(Registrant)

Date: May 5, 2015

/s/ Jueane Thiessen

(Signature)

Name:

Jueane Thiessen

Title:

Chief Executive Officer

Filing Compare · Portlogic Systems Inc.