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<TITLE>Form 8-K for Sheer Ventures, Inc.</TITLE>
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<B><P ALIGN="CENTER">UNITED STATES<br>
SECURITIES AND EXCHANGE COMMISSION<br>
Washington, D.C. 20549<br>
</B>_________________________<br>

<br>
<B><P ALIGN="CENTER">FORM 8-K<br>
CURRENT REPORT<br>
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</P></B>

<P ALIGN="CENTER">Date of Report (Date of earliest event reported)<br>
<B>May 16, 2005</P></B>

<B><P ALIGN="CENTER">SHEER VENTURES INC.<br>
</B>(Exact name of registrant as specified in its charter)</P>

<p align=center><TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH=680>
<TR><TD WIDTH="45%" VALIGN="TOP">
<B><P ALIGN="CENTER">NEVADA</B></TD>
<TD WIDTH="25%" VALIGN="TOP">
<B><P ALIGN="CENTER"> 000-50929</B></TD>
<TD WIDTH="30%" VALIGN="TOP">
<B><P ALIGN="CENTER">Applied For</B></TD>
</TR>
<TR><TD WIDTH="45%" VALIGN="TOP">
<P ALIGN="CENTER">(State or other jurisdiction of incorporation)</TD>
<TD WIDTH="25%" VALIGN="TOP">
<P ALIGN="CENTER">(Commission File No.)</TD>
<TD WIDTH="30%" VALIGN="TOP">
<P ALIGN="CENTER">(IRS Employer ID)</TD>
</TR>
</TABLE>


<B><P ALIGN="CENTER">475 Howe Street<br>
Suite 1030<br>
Vancouver, British Columbia<br>
Canada V6C 2B3<br>
</B>(Address of principal executive offices and Zip Code)</P>

<B><P ALIGN="CENTER"> (604) 683-5061 <br>
</B>(Registrant's telephone number, including area code)</P>

<P>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):</P>

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<P>[ &nbsp;&nbsp; ] </TD>
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<P>Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</TD>
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<P>Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</TD>
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<P>Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</TD>
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<P>[ &nbsp;&nbsp; ] </TD>
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<P>Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</TD>
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<hr>

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<B><P>ITEM 1.01 &nbsp; &nbsp; ENTRY INTO MATERIAL DEFINITIVE CONTRACT</P>

</B><P>On May 16, 2005, by Stock Purchase Agreement dated May 11, 2005, D.B. Management Ltd., a corporation (the "Seller") owned and controlled by Doug Berry, the president of Sheer Ventures Inc. (the "Company") entered into a contract with Caroline Emma Thomson, Daniel Stephen Gaunt, Christopher Ian Harvey, Benjamin Vernon Weller, Julian David Mark Lane, and Philipp Buschmann (collectively referred to herein as the "Purchasers") wherein the Purchasers acquired 1,940,000 shares of common stock from the Seller.</P>

<P>On May 16, 2005, by Stock Exchange Agreement dated May 11, 2005, the Company agreed to exchange 1,600,000 restricted shares of common stock in exchange for 1,600,000 shares of common stock of Ignis Petroleum Corporation, a Nevada corporation ("Ignis").  The 1,600,000 shares of Ignis constitutes all of the issued and outstanding shares of Ignis.  Ignis is engaged in the business of oil and gas exploration, development and production.  </P>

<B><P>ITEM 3.02 &nbsp; &nbsp; UNREGISTERED SALE OF EQUITY SECURITIES</P>

</B><P>On May 16, 2005, by Stock Exchange Agreement dated May 11, 2005, the Company agreed to exchange 1,600,000 restricted shares of common stock in exchange for 1,600,000 shares of common stock of Ignis Petroleum Corporation, a Nevada corporation ("Ignis").  The 1,600,000 shares of Ignis constitutes all of the issued and outstanding shares of Ignis.  Ignis is engaged in the business of oil and gas exploration, development and production.  The shares were sold pursuant to the exemption provided for in Reg. S of the Securities Act of 1933.</P>

<B><P>ITEM 5.01 &nbsp; &nbsp; CHANGES IN CONTROL</P></B>

<P>On May 16, 2005, by Stock Purchase Agreement dated May 11, 2005, D.B. Management Ltd., a corporation (the "Seller") owned and controlled by Doug Berry, the president of Sheer Ventures Inc. (the "Company") entered into a contract with Caroline Emma Thomson, Daniel Stephen Gaunt, Christopher Ian Harvey, Benjamin Vernon Weller, Julian David Mark Lane, and Philipp Buschmann (collectively referred to herein as the "Purchasers") wherein the Purchasers acquired 1,940,000 shares of common stock from the Seller.</P>

<P>On May 16, 2005, by Stock Exchange Agreement dated May 11, 2005, the Company agreed to exchange 1,600,000 restricted shares of common stock in exchange for 1,600,000 shares of common stock of Ignis Petroleum Corporation, a Nevada corporation ("Ignis").  The 1,600,000 shares of Ignis constitutes all of the issued and outstanding shares of Ignis.  Ignis is engaged in the business of oil and gas exploration, development and production.  </P>

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<P>After the foregoing transactions, the following persons owned more that 5% of the total outstanding shares of the Company's common stock:</P>

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<TR><TD WIDTH="25%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="30%" VALIGN="TOP">
<B><P ALIGN="LEFT">Name and Address of</B></TD>
<TD WIDTH="25%" VALIGN="TOP">
<B><P ALIGN="CENTER">Amount and Nature</B></TD>
<TD WIDTH="20%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="25%" VALIGN="TOP">
<B><P ALIGN="LEFT">Title of Class</B></TD>
<TD WIDTH="30%" VALIGN="TOP">
<B><P ALIGN="LEFT">Beneficial Owner</B></TD>
<TD WIDTH="25%" VALIGN="TOP">
<B><P ALIGN="CENTER">of Ownership</B></TD>
<TD WIDTH="20%" VALIGN="TOP">
<B><P ALIGN="CENTER">Percent of Class</B></TD>
</TR>
<TR><TD WIDTH="25%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="30%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="25%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="20%" VALIGN="TOP">&nbsp;</TD>
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<TR><TD WIDTH="25%" VALIGN="TOP">
<P>Common Stock </TD>
<TD WIDTH="30%" VALIGN="TOP">
<P>Philipp Buschmann</TD>
<TD WIDTH="25%" VALIGN="TOP">
<P ALIGN="RIGHT">764,000</TD>
<TD WIDTH="20%" VALIGN="TOP">
<P ALIGN="RIGHT">11.24%</TD>
</TR>
<TR><TD WIDTH="25%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="30%" VALIGN="TOP">
<P>122 Glouchester Terrace</TD>
<TD WIDTH="25%" VALIGN="TOP">
<P ALIGN="RIGHT">Direct</TD>
<TD WIDTH="20%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="25%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="30%" VALIGN="TOP">
<P>Apt. 2</TD>
<TD WIDTH="25%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="20%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="25%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="30%" VALIGN="TOP">
<P>London, U.K. W26HP</TD>
<TD WIDTH="25%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="20%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="25%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="30%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="25%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="20%" VALIGN="TOP">&nbsp;</TD>
</TR>
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<p align=center> - 3 - </p>
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<B><P ALIGN="CENTER">SIGNATURES</P></B>

<P>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.</P>

<P>Dated this 18<SUP>th</SUP> day of May, 2005.</P>

</FONT>
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<TR><TD WIDTH="38%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="62%" VALIGN="TOP" COLSPAN=2>
<B><P>SHEER VENTURES INC.</B></FONT></TD>
</TR>
<TR><TD WIDTH="38%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="62%" VALIGN="TOP" COLSPAN=2>&nbsp;</TD>
</TR>
<TR><TD WIDTH="38%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="TOP">
<P>BY:</FONT></TD>
<TD WIDTH="56%" VALIGN="TOP">
<P>/s/ Doug Berry</FONT></TD>
</TR>
<TR><TD WIDTH="38%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="56%" VALIGN="TOP">
<P>Doug Berry, President, Chief Executive Officer,</FONT></TD>
</TR>
<TR><TD WIDTH="38%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="56%" VALIGN="TOP">
<P>and a member of the Board of Directors</FONT></TD>
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</CENTER></P>

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<p align=center> - 4 - </p>
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<FONT FACE="Shruti"></FONT></BODY>
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Form 8-K for Sheer Ventures, Inc.
===================================================================================
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)
May 16, 2005
SHEER VENTURES INC.
(Exact name of registrant as specified in its charter)
NEVADA
000-50929
Applied For
(State or other jurisdiction of incorporation)
(Commission File No.)
(IRS Employer ID)
475 Howe Street
Suite 1030
Vancouver, British Columbia
Canada V6C 2B3
(Address of principal executive offices and Zip Code)
(604) 683-5061
(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 CONTRACT
On May 16, 2005, by Stock Purchase Agreement dated May 11, 2005, D.B. Management Ltd., a corporation (the "Seller") owned and controlled by Doug Berry, the president of Sheer Ventures Inc. (the "Company") entered into a contract with Caroline Emma Thomson, Daniel Stephen Gaunt, Christopher Ian Harvey, Benjamin Vernon Weller, Julian David Mark Lane, and Philipp Buschmann (collectively referred to herein as the "Purchasers") wherein the Purchasers acquired 1,940,000 shares of common stock from the Seller.
On May 16, 2005, by Stock Exchange Agreement dated May 11, 2005, the Company agreed to exchange 1,600,000 restricted shares of common stock in exchange for 1,600,000 shares of common stock of Ignis Petroleum Corporation, a Nevada corporation ("Ignis").  The 1,600,000 shares of Ignis constitutes all of the issued and outstanding shares of Ignis.  Ignis is engaged in the business of oil and gas exploration, development and production.
ITEM 3.02     UNREGISTERED SALE OF EQUITY SECURITIES
On May 16, 2005, by Stock Exchange Agreement dated May 11, 2005, the Company agreed to exchange 1,600,000 restricted shares of common stock in exchange for 1,600,000 shares of common stock of Ignis Petroleum Corporation, a Nevada corporation ("Ignis").  The 1,600,000 shares of Ignis constitutes all of the issued and outstanding shares of Ignis.  Ignis is engaged in the business of oil and gas exploration, development and production.  The shares were sold pursuant to the exemption provided for in Reg. S of the Securities Act of 1933.
ITEM 5.01     CHANGES IN CONTROL
On May 16, 2005, by Stock Purchase Agreement dated May 11, 2005, D.B. Management Ltd., a corporation (the "Seller") owned and controlled by Doug Berry, the president of Sheer Ventures Inc. (the "Company") entered into a contract with Caroline Emma Thomson, Daniel Stephen Gaunt, Christopher Ian Harvey, Benjamin Vernon Weller, Julian David Mark Lane, and Philipp Buschmann (collectively referred to herein as the "Purchasers") wherein the Purchasers acquired 1,940,000 shares of common stock from the Seller.
On May 16, 2005, by Stock Exchange Agreement dated May 11, 2005, the Company agreed to exchange 1,600,000 restricted shares of common stock in exchange for 1,600,000 shares of common stock of Ignis Petroleum Corporation, a Nevada corporation ("Ignis").  The 1,600,000 shares of Ignis constitutes all of the issued and outstanding shares of Ignis.  Ignis is engaged in the business of oil and gas exploration, development and production.
- 2 -
After the foregoing transactions, the following persons owned more that 5% of the total outstanding shares of the Company's common stock:
Name and Address of
Amount and Nature
Title of Class
Beneficial Owner
of Ownership
Percent of Class
Common Stock
Philipp Buschmann
764,000
11.24%
122 Glouchester Terrace
Direct
Apt. 2
London, U.K. W26HP
- 3 -
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 18
th
day of May, 2005.
SHEER VENTURES INC.
BY:
/s/ Doug Berry
Doug Berry, President, Chief Executive Officer,
and a member of the Board of Directors
- 4 -