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 15, 2012


                              ALVERON ENERGY CORP.
                    ----------------------------------------
                 (Name of Small Business Issuer in its charter)


          Delaware                 000-50493                   98-0412431
  ------------------------      -----------------        --------------------
  (State of incorporation)    (Commission File No.)      (IRS Employer
                                                          Identification No.)

                           100 - 224 11th Avenue S.W.
                                Calgary, Alberta
                                 Canada T2R 0C3
                        --------------------------------
                    (Address of principal executive offices)

      Registrant's telephone number, including area code:     (403) 233-9239


                                       N/A
               --------------------------------------------------
          (Former name or former address if changed since last report)

Check 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-14(c)  under  the
    Exchange Act (17 CFR 240.13e-4(c))




<PAGE>


Item 1.01. Entry into a Material Definitive Agreement.

     On May 14,  2012,  the Company  entered  into an  agreement  to acquire the
SafeBrain System from Rod Newlove.

     Pursuant to the agreement the Company:

     o    paid Newlove $450,000 on May 15, 2012;

     o    will pay $150,000 to Newlove no later than May 31, 2012; and

     o    will pay $300,000 to Newlove no later than June 14, 2012.

     Following the payment due on May 31, 2012, Newlove will transfer all rights
to the SafeBrain System to the Company.

     The SafeBrain System works in two ways:

     o    The Cranium  Impact  Analyzer  Sensor (the "C.I.A.") is mounted on the
          helmet of an athlete;

     o    The SafeBrain  software allows  in-depth  analysis of any impact event
          and can be customized for the  notification  and data logging settings
          for each athlete.

     The C.I.A. sensor was designed to ensure compatibility with a wide range of
athletic  helmets.  The sensor is approximately the size of a quarter and weighs
less than 8 grams. Even at this small size, the C.I.A.  patented sensor contains
a 3-axis  accelerometer,  based on a 16-bit  microprocessor.  The C.I.A.  sensor
contains  a   data-logger   and   real-time   clock  to   provide   time-stamped
force-readings when used with the SafeBrain software.

     Placed on the helmet,  the small CIA sensor accurately  measures G-force on
all 3 -axis. An LED indicator light flashes to alert the monitor, coaching staff
or an  individual  when an impact has occurred that has the potential to cause a
concussion which requires proper assessment and perhaps medical attention.

     The  Company  plans to market  the  SafeBrain  System  to  non-professional
athletes  who  participate  in  sports  that  require  helmets  such as  hockey,
football, biking, motor-cross, skiing and snowboarding.

     On May 15, 2012,  the Company  entered into a Consulting  Agreement  with a
company controlled by Mr. Newlove.  The agreement provides that the Company will
pay the consultant  $10,000 per month for supervising the  manufacturing of, and
developing  improvements  for, the SafeBrain  System.  In addition,  during each
twelve-month period during the term of this agreement,  the Company will provide
supplies and materials to the Consultant,  at a cost not to exceed $5,000 during
the  twelve-month  period,  to be  used  by the  Consultant  in  performing  the
consulting services.

     The Consulting Agreement will expire on June 30, 2017.

                                       2

<PAGE>

                                   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: May 17, 2012                     ALVERON ENERGY CORP.


                                       By: /s/ Michael Scott
                                           ----------------------------------
                                           Michael Scott, Chief Executive
                                           Officer

                                       3

<PAGE>
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{"company-data": {"conformed-name": "Alveron Energy Corp.", "cik": "0001271073", "assigned-sic": "9995", "irs-number": "000000000", "state-of-incorporation": "DE", "fiscal-year-end": "1031"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-50493", "film-number": "12855295"}, "business-address": {"street1": "735 DON MILLS ROAD", "street2": "#1405", "city": "TORONTO", "state": "A6", "zip": "M3C 1S9", "phone": "(416) 432-7107"}, "mail-address": {"street1": "735 DON MILLS ROAD", "street2": "#1405", "city": "TORONTO", "state": "A6", "zip": "M3C 1S9"}, "former-company": {"former-conformed-name": "MODENA I INC", "date-changed": "20031121"}}
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 15, 2012

                              ALVERON ENERGY CORP.
                    ----------------------------------------
                 (Name of Small Business Issuer in its charter)

          Delaware                 000-50493                   98-0412431
  ------------------------      -----------------        --------------------
  (State of incorporation)    (Commission File No.)      (IRS Employer
                                                          Identification No.)

                           100 - 224 11th Avenue S.W.
                                Calgary, Alberta
                                 Canada T2R 0C3
                        --------------------------------
                    (Address of principal executive offices)

      Registrant's telephone number, including area code:     (403) 233-9239

                                       N/A
               --------------------------------------------------
          (Former name or former address if changed since last report)

Check 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-14(c)  under  the
    Exchange Act (17 CFR 240.13e-4(c))
Item 1.01. Entry into a Material Definitive Agreement.

     On May 14,  2012,  the Company  entered  into an  agreement  to acquire the
SafeBrain System from Rod Newlove.

     Pursuant to the agreement the Company:

     o    paid Newlove $450,000 on May 15, 2012;

     o    will pay $150,000 to Newlove no later than May 31, 2012; and

     o    will pay $300,000 to Newlove no later than June 14, 2012.

     Following the payment due on May 31, 2012, Newlove will transfer all rights
to the SafeBrain System to the Company.

     The SafeBrain System works in two ways:

     o    The Cranium  Impact  Analyzer  Sensor (the "C.I.A.") is mounted on the
          helmet of an athlete;

     o    The SafeBrain  software allows  in-depth  analysis of any impact event
          and can be customized for the  notification  and data logging settings
          for each athlete.

     The C.I.A. sensor was designed to ensure compatibility with a wide range of
athletic  helmets.  The sensor is approximately the size of a quarter and weighs
less than 8 grams. Even at this small size, the C.I.A.  patented sensor contains
a 3-axis  accelerometer,  based on a 16-bit  microprocessor.  The C.I.A.  sensor
contains  a   data-logger   and   real-time   clock  to   provide   time-stamped
force-readings when used with the SafeBrain software.

     Placed on the helmet,  the small CIA sensor accurately  measures G-force on
all 3 -axis. An LED indicator light flashes to alert the monitor, coaching staff
or an  individual  when an impact has occurred that has the potential to cause a
concussion which requires proper assessment and perhaps medical attention.

     The  Company  plans to market  the  SafeBrain  System  to  non-professional
athletes  who  participate  in  sports  that  require  helmets  such as  hockey,
football, biking, motor-cross, skiing and snowboarding.

     On May 15, 2012,  the Company  entered into a Consulting  Agreement  with a
company controlled by Mr. Newlove.  The agreement provides that the Company will
pay the consultant  $10,000 per month for supervising the  manufacturing of, and
developing  improvements  for, the SafeBrain  System.  In addition,  during each
twelve-month period during the term of this agreement,  the Company will provide
supplies and materials to the Consultant,  at a cost not to exceed $5,000 during
the  twelve-month  period,  to be  used  by the  Consultant  in  performing  the
consulting services.

     The Consulting Agreement will expire on June 30, 2017.

                                       2
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: May 17, 2012                     ALVERON ENERGY CORP.

                                       By: /s/ Michael Scott
                                           ----------------------------------
                                           Michael Scott, Chief Executive
                                           Officer

                                       3