UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

Current Report

Pursuant to Section 13 or 15(d) of

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): ~~December~~January 2218, ~~2015~~2016

DEER VALLEY CORPORATION

(Exact Name of Registrant as Specified in its Charter)

Florida	000-05388	20-5256635
(State of Incorporation)	(Commission File Number)	(IRS Employer Identification Number)
205 Carriage Street, Guin, AL		35570
(Address of principal executive offices)		(Zip code)

205 Carriage Street, Guin, AL		35570
(Address of principal executive offices)		(Zip code)

(205) 468-8400

(Registrant’s Telephone Number, Including Area Code)

(Former name or former address, if changed since last report)

Check the appropriate box below of the Form 8-K if the 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)).

~~Unless~~Item otherwise indicated or the context otherwise requires, all references below in this Current Report on Form 8-K to “we,” “us,” “Deer Valley” and the “Company” are to Deer Valley Corporation, a Florida corporation, together with its wholly-owned subsidiaries, Deer Valley Homebuilders, Inc5.,02 ~~an Alabama~~Departure ~~corporation,~~of ~~and~~Directors ~~Deer Valley Finance, Corp., a Florida corporation. Specific discussions~~ or ~~comments~~Principal ~~relating~~Officers; toElection ~~Deer~~of ~~Valley~~Directors; ~~Corporation~~Appointment ~~will~~of ~~reference~~Principal ~~“DVC,” those relating to Deer Valley Homebuilders, Inc. will be referred to as “DVHB”, and those relating to Deer Valley Finance Corp. will be referred to as “DVFC.”~~ Officers

~~Item~~Effective 1January 18, 2016, Mr.01 Joel ~~Entry~~Stephen ~~into~~Logan, II resigned as the Chief Operating Officer and Vice President of Deer Valley Corporation, the President of Deer Valley Homebuilders, Inc., the Vice President of Deer Valley Home Repair Services, Inc., and as Vice President of Deer Valley Financial Corp. Mr. Logan’s resignation was effective as of the end of the term of his employment agreement and was not the result of a ~~Material~~dispute ~~Definitive~~or ~~Agreement~~disagreement between Deer Valley Corporation and Mr. Logan. Mr. Logan will continue as a member of the Board of Directors of Deer Valley Corporation, Deer Valley Homebuilders, Inc., Deer Valley Home Repair Services, Inc. and Deer Valley Financial Corp.

OnItem December 22, 2015, Deer Valley entered into that certain Secured Convertible Note and Security Agreement with BLU Autoworks LLC, a Delaware limited liability company (the “Borrower”), pursuant to which Deer Valley loaned Three Million and No/100 Dollars ($3,000,000) to Borrower (the “Initial Advance”)9. The Secured Convertible Note provides that Borrower may, as agreed to by Deer Valley, borrower up to an additional One Million and No/100 Dollars ($1,000,000) (collectively, with the Initial Advance, the “Loan’)01. ~~The~~Financial ~~Loan~~Statements ~~bears interest at a rate of five percent (5.0%) per annum, matures on June 30, 2016,~~ and is secured by the assets of the Borrower. Deer Valley may, at its option, convert the outstanding principal and interest of the Loan into membership interests in Borrower, which membership interests shall entitle Deer Valley to receive, upon liquidation of Borrower, shares of Tua Autoworks Holdings S.à.r.l. (“Tua Luxembourg”) equal to 5.74% of the outstanding capital shares of Tua Luxembourg, or, if Deer Valle elects to request an independent valuation analysis, such percentage of the shares of Tua Luxembourg as determined by an independent valuation analysis. Tua Luxembourg and Borrower are developing an automobile manufacturing business located in Italy. Exhibits

~~Tony~~The ~~Bonidy~~following ~~and~~exhibits ~~Lodovico de Visconti~~ are ~~members~~filed ofwith ~~the~~this ~~Board~~Form ~~of Directors~~8-K: ofNone Deer Valley, Lodovico de Visconti is the sole manager of the Borrower, and Tony Bonidy, Lodovico de Visconti and Christophe Fender (a resident of Luxembourg) are the sole members of the Board of Directors of Tua Luxembourg. Tony Bonidy and Lodovico de Visconti directly, or indirectly, control the voting capital stock of Deer Valley, Borrower, and Tua Luxembourg.

~~Item~~SIGNATURE ~~2.01. Completion of Acquisition or Disposition of Assets~~

OnPursuant December 22, 2015, Deer Valley sold, in a Bargain Sale Exchange, its idle manufacturing plant located in Sulligent, Alabama, and the surrounding thirteen (13) acres (the “Sulligent Property”). Deer Valley sold the Sulligent Property to ~~The Industrial Development Board of~~ the ~~Town~~requirements of ~~Sulligent Inc., a political subdivision of~~ the ~~State~~Securities ofExchange ~~Alabama~~Act ~~and an IRS 561 approved organization (the “Buyer”), for a combined purchase price~~ of ~~One Million One Hundred Fifty Thousand and No/100 Dollars ($1~~1934,~~150,000),~~ ~~comprised~~the ofRegistrant ~~(i) a~~has ~~cash~~duly ~~payment~~caused bythis ~~Buyer~~report to ~~Deer~~be ~~Valley~~signed ofon ~~Three~~its ~~Hundred~~behalf ~~Fifty Thousand and No/100 Dollars ($350,000), and (ii) a charitable contribution made~~ by ~~Deer Valley to Buyer of Eight Hundred Thousand and No/100~~ ~~Dollars ($800,000). The charitable contribution equaled~~ the ~~difference~~undersigned ~~between~~hereunto ~~the~~duly ~~appraised value of the Sulligent Property, as determined by an independent MAI appraiser, and the cash portion of the purchase price paid to Deer Valley by Buyer~~authorized. The Internal Revenue Code (IRC) 170 Exchange, also known as Bargain Sale, is a transaction which allows a property owner donate its property and receive a “charitable contribution” income tax deduction.

Item 9.01. Financial Statements and Exhibits


DEER VALLEY CORPORATION

By:		/s/ John S. Lawler
Name:		John Steven Lawler
Title:		Chief Financial Officer and Secretary
Dated:		January 21, 2016

The following exhibits are filed with this Form 8-K:

10.01		Secured Convertible Note
10.02		Security Agreement
10.03		Bargain Sale Agreement and Initial Escrow Instructions

SIGNATURE

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.

DEER VALLEY CORPORATION
By:		/s/ John S. Lawler
Name:		John Steven Lawler
Title:		Chief Financial Officer and Secretary
Dated:		December 30, 2015

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