<HTML>
<HEAD>
<TITLE>Form 8-K</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">



<DIV style="font-size: 10pt">
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 1pt solid black; font-size: 1pt">&nbsp;</DIV>


<P align="center" style="font-size: 14pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>
<FONT style="font-size: 12pt">Washington, D.C. 20549
</FONT></B>

<P align="center" style="font-size: 18pt"><B>FORM 8-K</B>

<P align="center" style="font-size: 12pt"><B>CURRENT REPORT<BR>
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</B>

<P align="center" style="font-size: 10pt"><B>Date of Report (Date of earliest event reported): April 6, 2009</B>

<P align="center">

<P align="center" style="font-size: 24pt"><B>CAPTERRA FINANCIAL GROUP, INC.<BR></B>
<FONT style="font-size: 10pt">(Exact name of registrant as specified in its charter)
</FONT>

<TABLE border="0" width="100%" cellspacing="0" cellpadding="0" style="font-size: 10pt; text-align: center">
<TR>
    <TD width="32%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="33%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="32%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD style="border-bottom: 1px solid #000000"><B>Colorado</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000"><B>000-50764</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000"><B>20-0003432</B></TD>
</TR>
<TR valign="top">
    <TD>(State or other Jurisdiction of Incorporation)</TD>
    <TD>&nbsp;</TD>
    <TD>(Commission File Number)</TD>
    <TD>&nbsp;</TD>
    <TD>(IRS Employer Identification No.)</TD>
</TR>
</TABLE>

<TABLE border="0" width="100%" cellspacing="0" cellpadding="0" style="font-size: 10pt; text-align: center">
<TR>
    <TD width="49%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="49%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD style="border-bottom: 1px solid #000000"><B>1440 Blake Street, Suite 310, Denver, Colorado <BR></B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000"><B>80202</B></TD>
</TR>
<TR valign="top">
    <TD>(Address of Principal Executive Offices)</TD>
    <TD>&nbsp;</TD>
    <TD>(Zip Code)</TD>
</TR>
</TABLE>

<P align="center" style="font-size: 10pt">Registrant&#146;s telephone number, including area code: <B>(303) 893-1003</B>


<TABLE border="0" width="30%" cellspacing="0" cellpadding="0" style="font-size: 10pt; text-align: center">
<TR>
    <TD width="100%">&nbsp;</TD>
</TR>
<TR>
    <TD nowrap style="border-bottom: 1px solid #000000"><B>&nbsp;</B></TD>
</TR>
<TR>
    <TD nowrap>(Former name or former address if changed since last report.)</TD>
</TR>
</TABLE>

<P align="left" style="font-size: 10pt">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:

<P align="left" style="font-size: 10pt">
<FONT face="Wingdings">&#111;</FONT> Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<BR><BR>
<FONT face="Wingdings">&#111;</FONT> Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<BR><BR>
<FONT face="Wingdings">&#111;</FONT> Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<BR><BR>
<FONT face="Wingdings">&#111;</FONT> Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<BR>


<P>
<DIV style="width: 100%; border-bottom: 1pt solid black; margin-top: 10pt; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>

</DIV>

<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt; display: none">1
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">

<P align="center" style="font-size: 10pt"><B>FORM 8-K<BR>
CURRENT REPORT<BR>
Pursuant to Section&nbsp;13 or 15(d)<BR>
of the Securities Act of 1934</B>



<P align="left" style="font-size: 10pt">References in this document to &#147;us,&#148; &#147;we,&#148; or &#147;the Company&#148; refer to CAPTERRA FINANCIAL GROUP, INC. and our
subsidiaries.


<P align="left" style="font-size: 10pt"><U><B>Item&nbsp;1.01 Entry into a Material Definitive Agreement.</B></U>


<P align="left" style="font-size: 10pt">We have previously executed and delivered to BOCO Investments, LLC. (BOCO)&nbsp;certain Promissory Notes evidencing
indebtedness by us to BOCO. Specifically, we entered into the following Promissory Notes: that certain Promissory Note
dated June&nbsp;4, 2008 and as extended on September&nbsp;2, 2008 between BOCO and us in the amount of $1,000,000; that certain
Promissory Note dated September&nbsp;4, 2008 between BOCO and us in the amount of $4,000,000; and that certain Promissory
Note dated September&nbsp;10, 2008 between BOCO and us in the amount of $750,000.


<P align="left" style="font-size: 10pt">On March&nbsp;31, 2009, we entered into extension agreements with BOCO with respect to these Promissory Notes. Specifically,
that certain Promissory Note dated June&nbsp;4, 2008 and as extended on September&nbsp;2, 2008 between BOCO and us in the amount
of $1,000,000 is extended to the close of business on September&nbsp;25, 2009. That certain Promissory Note dated September
4, 2008 between BOCO and us in the amount of $4,000,000 is extended to the close of business on October&nbsp;30, 2009. That
certain Promissory Note dated September&nbsp;10, 2008 between BOCO and us in the amount of $750,000 is extended to the close
of business on September&nbsp;25, 2009. Except as modified by the extension agreements, all of the terms of the Notes are
ratified and reaffirmed and remain in full force and effect.


<P align="left" style="font-size: 10pt">In connection with the extension agreements, we granted BOCO INVESTMENTS, LLC a warrant to purchase 1,500,000 common
shares at a purchase price of $0.25 per share until October&nbsp;30, 2012. We can also extend any of the Promissory Notes,
in whole or in part, for an additional six months, upon written notice to BOCO from us of our intention to extend and
written notice by us to BOCO of the amount of any of the Promissory Notes are to be extended. In consideration of this
additional extension of the Promissory Notes, the Company will grant additional warrants to BOCO to purchase up to a
total of 1,150,000 additional common shares at a price of $.25 per share for a period of three years from the date of
the extension of the specific Promissory Note. The exact amount of common shares subject to the warrant will be
prorated to the total percentage of the Promissory Note as may be extended.


<P align="left" style="font-size: 10pt"><U><B>Item&nbsp;2.03 Creation of a Direct Financial Obligation.</B></U>


<P align="left" style="font-size: 10pt; text-indent: 2%">See Item&nbsp;1.01 above.


<P align="left" style="font-size: 10pt"><U><B>Item&nbsp;9.01 Exhibits.</B></U>



<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head --><TR valign="bottom">
    <TD width="8%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="87%">&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD nowrap align="left">Exhibit</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Number</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">Description</TD>
</TR>


<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Warrant dated March&nbsp;31, 2009 for BOCO INVESTMENTS, LLC.</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">10.38
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Extension Agreement with BOCO Investments, LLC for June&nbsp;4, 2008 Promissory Note, dated March&nbsp;31, 2009</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">10.39
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Extension Agreement with BOCO Investments, LLC for September&nbsp;4, 2008 Promissory Note, dated March&nbsp;31, 2009</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">10.40
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Extension Agreement with BOCO Investments, LLC for September&nbsp;10, 2008 Promissory Note, dated <FONT style="white-space: nowrap">March&nbsp;31, 2009</FONT></TD>
</TR>
<!-- End Table Body --></TABLE>
</DIV>






<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt; display: none">2
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">



<P align="center" style="font-size: 10pt"><B>SIGNATURES</B>



<P align="left" style="font-size: 10pt">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.


<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">Date: April 6, 2009                  &nbsp;</TD>
    <TD colspan="3" align="left"><b>Capterra Financial Group, Inc.</b> <BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ James W. Creamer, III
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">James W. Creamer, III &nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">Chief Executive Officer&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>



<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt; display: none">3
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>


<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">

<DIV align="center" style="font-size: 10pt; margin-top: 10pt"><B>EXHIBIT INDEX</B>
</DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head --><TR valign="bottom">
    <TD width="8%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="87%">&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD nowrap align="left">Exhibit</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Number</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">Description</TD>
</TR>


<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Warrant dated March&nbsp;31, 2009 for BOCO INVESTMENTS, LLC.</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">10.38
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Extension Agreement with BOCO Investments, LLC for June&nbsp;4, 2008 Promissory Note, dated March&nbsp;31, 2009</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">10.39
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Extension Agreement with BOCO Investments, LLC for September&nbsp;4, 2008 Promissory Note, dated March&nbsp;31, 2009</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">10.40
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Extension Agreement with BOCO Investments, LLC for September&nbsp;10, 2008 Promissory Note, dated <FONT style="white-space: nowrap">March&nbsp;31, 2009</FONT></TD>
</TR>
<!-- End Table Body --></TABLE>
</DIV>





<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

</BODY>
</HTML>
[{"type": "8-K", "sequence": "1", "filename": "c83646e8vk.htm", "description": "FORM 8-K", "secsgml_size_bytes": 13463}]
{"company-data": {"conformed-name": "CAPTERRA FINANCIAL GROUP, INC.", "cik": "0001233275", "assigned-sic": "6500", "irs-number": "200003432", "state-of-incorporation": "CO", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-50764", "film-number": "09735839"}, "business-address": {"street1": "1440 BLAKE STREET, SUITE 310", "city": "DENVER", "state": "CO", "zip": "80202", "phone": "303- 893-1003"}, "mail-address": {"street1": "1440 BLAKE STREET, SUITE 310", "city": "DENVER", "state": "CO", "zip": "80202"}, "former-company": [{"former-conformed-name": "ACROSS AMERICA REAL ESTATE CORP", "date-changed": "20050720"}, {"former-conformed-name": "ACROSS AMERICA REAL ESTATE DEVELOPMENT CORP", "date-changed": "20030515"}]}
Form 8-K
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): April 6, 2009
CAPTERRA FINANCIAL GROUP, INC.
(Exact name of registrant as specified in its charter)
Colorado
000-50764
20-0003432
(State or other Jurisdiction of Incorporation)
(Commission File Number)
(IRS Employer Identification No.)
1440 Blake Street, Suite 310, Denver, Colorado
80202
(Address of Principal Executive Offices)
(Zip Code)
Registrant's telephone number, including area code:
(303) 893-1003
(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))
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Act of 1934
References in this document to "us," "we," or "the Company" refer to CAPTERRA FINANCIAL GROUP, INC. and our
subsidiaries.
Item 1.01 Entry into a Material Definitive Agreement.
We have previously executed and delivered to BOCO Investments, LLC. (BOCO) certain Promissory Notes evidencing
indebtedness by us to BOCO. Specifically, we entered into the following Promissory Notes: that certain Promissory Note
dated June 4, 2008 and as extended on September 2, 2008 between BOCO and us in the amount of $1,000,000; that certain
Promissory Note dated September 4, 2008 between BOCO and us in the amount of $4,000,000; and that certain Promissory
Note dated September 10, 2008 between BOCO and us in the amount of $750,000.
On March 31, 2009, we entered into extension agreements with BOCO with respect to these Promissory Notes. Specifically,
that certain Promissory Note dated June 4, 2008 and as extended on September 2, 2008 between BOCO and us in the amount
of $1,000,000 is extended to the close of business on September 25, 2009. That certain Promissory Note dated September
4, 2008 between BOCO and us in the amount of $4,000,000 is extended to the close of business on October 30, 2009. That
certain Promissory Note dated September 10, 2008 between BOCO and us in the amount of $750,000 is extended to the close
of business on September 25, 2009. Except as modified by the extension agreements, all of the terms of the Notes are
ratified and reaffirmed and remain in full force and effect.
In connection with the extension agreements, we granted BOCO INVESTMENTS, LLC a warrant to purchase 1,500,000 common
shares at a purchase price of $0.25 per share until October 30, 2012. We can also extend any of the Promissory Notes,
in whole or in part, for an additional six months, upon written notice to BOCO from us of our intention to extend and
written notice by us to BOCO of the amount of any of the Promissory Notes are to be extended. In consideration of this
additional extension of the Promissory Notes, the Company will grant additional warrants to BOCO to purchase up to a
total of 1,150,000 additional common shares at a price of $.25 per share for a period of three years from the date of
the extension of the specific Promissory Note. The exact amount of common shares subject to the warrant will be
prorated to the total percentage of the Promissory Note as may be extended.
Item 2.03 Creation of a Direct Financial Obligation.
See Item 1.01 above.
Item 9.01 Exhibits.
Exhibit
Number
Description
4.2
Warrant dated March 31, 2009 for BOCO INVESTMENTS, LLC.
10.38
Extension Agreement with BOCO Investments, LLC for June 4, 2008 Promissory Note, dated March 31, 2009
10.39
Extension Agreement with BOCO Investments, LLC for September 4, 2008 Promissory Note, dated March 31, 2009
10.40
Extension Agreement with BOCO Investments, LLC for September 10, 2008 Promissory Note, dated
March 31, 2009
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: April 6, 2009
Capterra Financial Group, Inc.
By:
/s/ James W. Creamer, III
James W. Creamer, III
Chief Executive Officer
EXHIBIT INDEX
Exhibit
Number
Description
4.2
Warrant dated March 31, 2009 for BOCO INVESTMENTS, LLC.
10.38
Extension Agreement with BOCO Investments, LLC for June 4, 2008 Promissory Note, dated March 31, 2009
10.39
Extension Agreement with BOCO Investments, LLC for September 4, 2008 Promissory Note, dated March 31, 2009
10.40
Extension Agreement with BOCO Investments, LLC for September 10, 2008 Promissory Note, dated
March 31, 2009