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Prepared and filed by St Ives Financial
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<p align="center"><font size="2" face="serif"><b>   UNITED STATES</b></font><br>
<font size="2" face="serif"><b>SECURITIES AND EXCHANGE COMMISSION</b></font><br>
<font size="2" face="serif"><b>Washington, DC 20549</b></font></p>
<p align="center"><b><font face="serif" size="4">FORM 8-K</font></b></p>
<p align="center"><font size="2" face="serif"><b>CURRENT REPORT PURSUANT</b></font><br>
<font size="2" face="serif"><b>TO SECTION 13 OR 15(D) OF THE</b></font><br>
<font size="2" face="serif"><b>SECURITIES EXCHANGE ACT OF 1934</b></font></p>
<p align="left"><font size="2" face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u> </u></font></p>
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    <td width="33%"><font size="2" face="serif">Date of report (Date of earliest event reported)</font></td>
    <td valign="bottom"><font size="2" face="serif"><b>June 26, 2006</b></font></td>
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    <td>&nbsp;</td>
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    <td>&nbsp;</td>
    <td>&nbsp;</td>
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    <td align="center" valign="bottom"><font size="2" face="serif"><b>Neutron Enterprises, Inc.</b></font></td>
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    <td align="center" valign="bottom"><hr size="1" noshade></td>
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    <td align="center" valign="bottom"><font size="2" face="serif">(Exact Name
    of Registrant as Specified in Its Charter)</font></td>
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    <td align="center" valign="bottom">&nbsp;</td>
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    <td align="center" valign="bottom"><font size="2" face="serif"><b>Nevada</b></font></td>
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    <td align="center" valign="bottom"><font size="2" face="serif">(State or
    Other Jurisdiction of Incorporation)</font></td>
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    <td align="center" valign="bottom">&nbsp;</td>
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    <td width="50%"><font size="2" face="serif"><b>005-80243</b></font></td>
    <td><font size="2" face="serif"><b>98-0338100</b></font></td>
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    <td><font size="2" face="serif">&nbsp;(Commission File Number)</font></td>
    <td><font size="2" face="serif">(IRS Employer Identification No.)</font></td>
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    <td>&nbsp;</td>
    <td>&nbsp;</td>
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    <td><font size="2" face="serif"><b>450 Matheson Blvd. East, Unit 67<br>
    Mississauga, Ontario, Canada</b></font></td>
    <td><font size="2" face="serif"><b>L4Z 1R5 </b></font></td>
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    <td><font size="2" face="serif">&nbsp;(Address of Principal Executive Offices)</font></td>
    <td><font size="2" face="serif">(Zip Code)</font></td>
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    <td align="center" valign="bottom"><font size="2" face="serif"><b>(905) 2381777</b></font></td>
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    <td align="center" valign="bottom"><hr size="1" noshade></td>
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    <td align="center" valign="bottom"><font size="2" face="serif">(Registrant&#8217;s Telephone Number, Including
    Area Code)</font></td>
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    <td align="center" valign="bottom">&nbsp;</td>
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    <td align="center" valign="bottom">&nbsp;</td>
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    <td align="center" valign="bottom"><hr size="1" noshade></td>
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    <td align="center" valign="bottom"><font size="2" face="serif">(Former Name
    or Former Address, if Changed Since Last Report)</font></td>
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</table>
<p align="center"><font size="2" face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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 (<i>see </i>General Instruction A.2. below):</font></p>
<p align="left"><font size="2" face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<img src="emptybox.gif" width="12" height="12">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</font></p>
<p align="left"><font size="2" face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<img src="emptybox.gif" width="12" height="12">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</font></p>
<p align="left"><font size="2" face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<img src="emptybox.gif" width="12" height="12">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font></p>
<p align="left"><font size="2" face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<img src="emptybox.gif" width="12" height="12">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</font></p>
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<p align="center"><font size="2" face="serif"><b>Section 3 &#150; Securities And Trading Markets </b></font></p>
<p align="left"><font size="2" face="serif"><b>Item 3.02&nbsp;&nbsp;&nbsp;&nbsp;Unregistered Sales of Equity Securities.</b></font></p>
<p align="left"><font size="2" face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On June 26, 2006, Neutron Enterprises, Inc. (the &#8220;Company&#8221;, &#8220;we&#8221;, or &#8220;us&#8221;) issued an option to Rory Olson to purchase 4,000,000 shares of common stock in connection with retaining him to serve as the Chief Executive Officer of the Company.  The option has a term of five years, is exercisable at $2.00 per share, and vests in equal semi-annual installments over a two-year period commencing on the date of grant.  In the event that Mr. Olson is terminated without cause or is constructively dismissed prior to June 25, 2007, options to purchase 2,000,000 shares vest immediately, or if Mr. Olson is terminated without cause or is constructively dismissed after June 25, 2007, the option
vests in full.  Upon a change of control (defined as any person obtaining beneficial ownership of 30% or more of the Company&#8217;s outstanding shares) or the sale of substantially all of the Company&#8217;s assets, the option vests in full.   </font></p>
<p align="left"><font size="2" face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On
    July 1, 2006, we issued an option to Mitchell Rosen to purchase 1,500,000
    shares of common stock in connection with retaining him to serve as the Executive
    Vice President of the Company, and an option to Mark Wolinsky to purchase
    800,000 shares of common stock in connection with retaining him to serve
    as the Chief Operating Officer of the Company. The options have a term of
    five years, are exercisable at $2.00 per share, and vest in four equal installment
    on the last day of June and December. In the event that employment is terminated
    without cause during the first 12 months of employment, 50% of the options
    vest immediately and if employment is terminated after completing 12 months
of employment, the options vest in full.  </font></p>
<p align="left"><font size="2" face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The forgoing securities were issued in a private placement transaction to three executive officers of the Company who are accredited investors pursuant to the exemption from registration provided by Section 4(2) of the Securities Act of 1933, as amended (the &#8220;Securities Act&#8221;), without payment of underwriting discounts or commissions to any person.    </font></p>
<p align="center"><font size="2" face="serif"><b>SIGNATURES</b></font></p>
<p align="left"><font size="2" face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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.</font></p>
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    <td width="50%">&nbsp;</td>
    <td colspan="2"><font size="2" face="serif">Neutron Enterprises, Inc.</font></td>
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    <td>&nbsp;</td>
    <td width="3%">&nbsp;</td>
    <td>&nbsp;</td>
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    <td><font size="2" face="serif">Date: July 10, 2006</font></td>
    <td><font size="2" face="serif">By:</font></td>
    <td><font size="2" face="serif"><u> /s/ Ciaran Griffin </u></font></td>
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    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td><font size="2" face="serif">Ciaran Griffin</font></td>
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    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td><font size="2" face="serif">Chief Financial Officer</font></td>
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<p align="center"><font face="serif" size="2">2</font></p>
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{"company-data": {"conformed-name": "NEUTRON ENTERPRISES INC", "cik": "0001135140", "assigned-sic": "7389", "irs-number": "000000000", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "333-56516", "film-number": "06953516"}, "business-address": {"street1": "#201", "street2": "15225 THRIFT AVENUE", "city": "WHITE ROCK, B.C.", "state": "A1", "zip": "V4B 3E7", "phone": "6045353955"}, "mail-address": {"street1": "#201", "street2": "15225 THRIFT AVENUE", "city": "WHITE ROCK, B.C.", "zip": "V4B 3E7"}}
Prepared and filed by St Ives Financial
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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)
June 26, 2006
Neutron Enterprises, Inc.
(Exact Name
    of Registrant as Specified in Its Charter)
Nevada
(State or
    Other Jurisdiction of Incorporation)
005-80243
98-0338100
(Commission File Number)
(IRS Employer Identification No.)
450 Matheson Blvd. East, Unit 67
Mississauga, Ontario, Canada
L4Z 1R5
(Address of Principal Executive Offices)
(Zip Code)
(905) 2381777
(Registrant's Telephone Number, Including
    Area Code)
(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):
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))
Section 3 – Securities And Trading Markets
Item 3.02    Unregistered Sales of Equity Securities.
On June 26, 2006, Neutron Enterprises, Inc. (the "Company", "we", or "us") issued an option to Rory Olson to purchase 4,000,000 shares of common stock in connection with retaining him to serve as the Chief Executive Officer of the Company.  The option has a term of five years, is exercisable at $2.00 per share, and vests in equal semi-annual installments over a two-year period commencing on the date of grant.  In the event that Mr. Olson is terminated without cause or is constructively dismissed prior to June 25, 2007, options to purchase 2,000,000 shares vest immediately, or if Mr. Olson is terminated without cause or is constructively dismissed after June 25, 2007, the option
vests in full.  Upon a change of control (defined as any person obtaining beneficial ownership of 30% or more of the Company's outstanding shares) or the sale of substantially all of the Company's assets, the option vests in full.
On
    July 1, 2006, we issued an option to Mitchell Rosen to purchase 1,500,000
    shares of common stock in connection with retaining him to serve as the Executive
    Vice President of the Company, and an option to Mark Wolinsky to purchase
    800,000 shares of common stock in connection with retaining him to serve
    as the Chief Operating Officer of the Company. The options have a term of
    five years, are exercisable at $2.00 per share, and vest in four equal installment
    on the last day of June and December. In the event that employment is terminated
    without cause during the first 12 months of employment, 50% of the options
    vest immediately and if employment is terminated after completing 12 months
of employment, the options vest in full.
The forgoing securities were issued in a private placement transaction to three executive officers of the Company who are accredited investors pursuant to the exemption from registration provided by Section 4(2) of the Securities Act of 1933, as amended (the "Securities Act"), without payment of underwriting discounts or commissions to any person.
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.
Neutron Enterprises, Inc.
Date: July 10, 2006
By:
/s/ Ciaran Griffin
Ciaran Griffin
Chief Financial Officer
2