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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>
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<p align="center"><b><font face="serif" size="5">FORM 8-K</font></b></p>
<p align="center"><font size="2" face="serif"><b>CURRENT REPORT </b></font><br>
<font size="2" face="serif"><b>Pursuant 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;Date of report (Date of earliest event reported) <u> <b>   January 3, 2007</b></u></font></p>  <table width="100%" cellspacing="0" cellpadding="0" border="0">
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<td align="center"><font size="2" face="serif"><b>Neutron Enterprises, Inc.</b></font></td>
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<td align="center"><font size="2" face="serif">(Exact Name of Registrant as Specified in its Charter)</font></td>
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<td align="center"><font size="2" face="serif"><b>Nevada</b></font></td>
<td width="33%" align="center"><font size="2" face="serif"><b>005-80243</b></font></td>
<td width="33%" align="center"><font size="2" face="serif"><b>98-0338100</b></font></td>
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<td align="center"><font size="2" face="serif">(State or Other Jurisdiction</font></td>
<td align="center"><font size="2" face="serif">(Commission</font></td>
<td align="center"><font size="2" face="serif">(IRS Employer</font></td>
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<td align="center"><font size="2" face="serif">of Incorporation)</font></td>
<td align="center"><font size="2" face="serif">File Number)</font></td>
<td align="center"><font size="2" face="serif">Identification No.)</font></td>
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<td align="center" width="79%"><font size="2" face="serif"><b>450 Matheson Blvd. East, Unit 67</b></font></td>
<td align="center"><font size="2" face="serif">&nbsp;</font></td>
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<td align="center"><font size="2" face="serif"><b>Mississauga, Ontario, Canada </b></font></td>
<td align="center"><font size="2" face="serif"><b>L4Z 1R5</b></font></td>
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<td align="center"><font size="2" face="serif">(Address of Principal Executive Offices)</font></td>
<td align="center"><font size="2" face="serif">(Zip Code)</font></td>
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<p align="left"><font size="2" face="serif">Registrant&#146;s telephone number, including area code <u> <b>(905) 238-0059</b></u></font></p>
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    <td align="center"><font size="2" face="serif">(Former Name or Former Address, if Changed
    Since Last Report)</font></td>
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<p align="left"><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>
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<font size="2" face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<img src="emptybox.gif">  &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">  &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">  &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">  &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">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<b>Section 2 &#150; Financial Information</b></font></p>
<p align="left"><font size="2" face="serif"><b>Item 2.01 &nbsp;&nbsp;&nbsp;Completion of Acquisition or Disposition of Assets.</b></font></p>
<p align="left"><font size="2" face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On
    November 29, 2006, Neutron Enterprises, Inc. (the &quot;Company&quot;, &quot;we&quot; or &quot;us&quot;)
    entered into an Agreement and Plan of Merger (the &quot;Merger Agreement&quot;)
    with Neutron Acquisition Corp., a Delaware corporation and wholly owned subsidiary
    of the Company (&quot;Merger Sub&quot;), Stock-Trak, Inc., a Georgia corporation
    (&quot;Stock-Trak&quot;), and Mark Brookshire, the sole shareholder of Stock-Trak.
    On January 3, 2007, the Merger Agreement was closed and Stock-Trak was merged
    with and into Merger Sub, which changed its name to Stock-Trak, Inc. and
    will operate as a wholly owned subsidiary of the Company. Stock-Trak is an
    Atlanta, Georgia based provider of stock market portfolio simulation software
    and services to the education and corporate markets. The primary assets of
    Stock-Trak consist of intellectual property, trade receivables, and customer
    contracts.</font></p>
<p align="left"><font size="2" face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
    consideration for the Merger, we issued or paid, as applicable, to Mr. Brookshire,
    the sole shareholder of Stock-Trak: (i) 647,249 shares of common stock of
    the Company (the &quot;Merger Shares&quot;); and (ii) a cash payment of $1,987,000,
    which amount included payments in connection with outstanding options of
    Stock-Trak, which were terminated at the closing of the Merger Agreement,
    and payment of certain transaction costs incurred by Stock-Trak. The cash
    payment is subject to a post closing adjustment to the extent that the total
    assets less the total liabilities of Stock-Trak, on January 3, 2007, was
    greater or less than $150,000. The number of Merger Shares was based on a
    valuation of $2.3175 per share, the average of the closing prices of our
    common stock for the twenty (20) business days preceding the execution of
    the Merger Agreement. Prior to entering into the Merger Agreement, the Company
    was party to a Joint Development Agreement with Stock-Trak pursuant to which
    Stock-Trak provided software development services to the Company. Other
    than the forgoing, there was no relationship between or among us or any
    of our
    affiliates, directors, officers, or any associate of any of our directors
    or officers, on the one hand, and Stock-Trak or Mr. Brookshire on the other.</font></p>
<p align="center"><font size="2" face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<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;Unregistered Sales of
      Equity Securities.</b></font></p>
<p align="left"><font size="2" face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The information provided in Item 2.01 regarding the issuance of common stock is hereby incorporated by reference.</font></p>
<p align="left"><font size="2" face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On January 3, 2007, we issued the Merger Shares to one accredited investor in a private placement transaction pursuant to the exemption from registration provided by Section 4(2) of the Securities Act of 1933, as amended, without engaging in any advertising or general solicitation of any kind and without payment of underwriting discounts or commissions to any person.  </font></p>
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<p align="left"><font size="2" face="serif"><b>Item 8.01 &nbsp;&nbsp;&nbsp;Other Events.</b></font></p>
<p align="left"><font size="2" face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
    connection with the closing of the Merger Agreement, Stock-Trak, Inc. entered
    into an employment agreement with Mr. Brookshire to serve as the President
    of Stock-Trak, Inc. for a term of two years at an annual base salary of $160,000.
    The agreement provides for an annual discretionary bonus and contains standard
    and customary confidentiality, non competition, and work made for hire provisions.
    We also issued an option to Mr. Brookshire under our Amended 2005 Stock Incentive
    Plan to purchase 200,000 shares of common stock at an exercise price of $2.20
    per share, the closing price of our common stock on the date of grant. The
    option terminates on December 31, 2011 and vests in equal annual installments
    over a three year period with the first installment vesting December 31,
    2007.  </font></p>
<p align="left"><font size="2" face="serif"><b>Item 9.01 &nbsp;&nbsp;&nbsp;Financial Statements and Exhibits. </b></font></p>
<p align="left"><font size="2" face="serif">(d)  Exhibits.   The following exhibit is filed with this report:</font></p>
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<td width="30%" align="left"><font size="2" face="serif"><u>Exhibit No</u>.</font></td>
<td width="1%" align="right">&nbsp;</td>
<td width="69%" align="left"><u><font size="2" face="serif">Description of Exhibit</font></u></td>
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<td width="30%" align="left"><font size="2" face="serif">2.1</font></td>
<td width="1%" align="right">&nbsp;</td>
<td width="69%" align="left"><font size="2" face="serif">Agreement and Plan of Merger dated November 29, 2006 by and among the Company, Neutron Acquisition Corp., Stock-Trak, Inc.,  and Mark Brookshire (incorporated by reference to Exhibit 2.1 to the Company&#146;s Current Report on Form 8-K dated November 29, 2006) </font></td>
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<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>  <table width="100%" cellspacing="0" cellpadding="0" border="0">
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<td align="left"><font size="2" face="serif">Neutron Enterprises, Inc.</font></td> </tr>
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<td align="left"><font size="2" face="serif">&nbsp;</font></td> </tr>
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<td align="left" width="62%"><font size="2" face="serif">Date:  January  9, 2007</font></td>
<td align="left"><font size="2" face="serif">By: <u> /s/  Ciaran Griffin</u></font></td>
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<td align="left"><font size="2" face="serif">&nbsp;</font></td>
<td align="left"><font size="2" face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ciaran Griffin </font></td>
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<td align="left"><font size="2" face="serif">&nbsp;</font></td>
<td align="left"><font size="2" face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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", "state-of-incorporation": "NV", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-52154", "film-number": "07520995"}, "business-address": {"street1": "450 MATHESON BOULEVARD, EAST", "street2": "UNIT 67", "city": "MISSISSAUGA", "state": "A6", "zip": "L4Z IR5", "phone": "9052381777"}, "mail-address": {"street1": "450 MATHESON BOULEVARD, EAST", "street2": "UNIT 67", "city": "MISSISSAUGA", "state": "A6", "zip": "L4Z IR5"}}
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)
January 3, 2007
Neutron Enterprises, Inc.
(Exact Name of Registrant as Specified in its Charter)
Nevada
005-80243
98-0338100
(State or Other Jurisdiction
(Commission
(IRS Employer
of Incorporation)
File Number)
Identification No.)
450 Matheson Blvd. East, Unit 67
Mississauga, Ontario, Canada
L4Z 1R5
(Address of Principal Executive Offices)
(Zip Code)
Registrant's telephone number, including area code
(905) 238-0059
(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 2 – Financial Information
Item 2.01    Completion of Acquisition or Disposition of Assets.
On
    November 29, 2006, Neutron Enterprises, Inc. (the "Company", "we" or "us")
    entered into an Agreement and Plan of Merger (the "Merger Agreement")
    with Neutron Acquisition Corp., a Delaware corporation and wholly owned subsidiary
    of the Company ("Merger Sub"), Stock-Trak, Inc., a Georgia corporation
    ("Stock-Trak"), and Mark Brookshire, the sole shareholder of Stock-Trak.
    On January 3, 2007, the Merger Agreement was closed and Stock-Trak was merged
    with and into Merger Sub, which changed its name to Stock-Trak, Inc. and
    will operate as a wholly owned subsidiary of the Company. Stock-Trak is an
    Atlanta, Georgia based provider of stock market portfolio simulation software
    and services to the education and corporate markets. The primary assets of
    Stock-Trak consist of intellectual property, trade receivables, and customer
    contracts.
In
    consideration for the Merger, we issued or paid, as applicable, to Mr. Brookshire,
    the sole shareholder of Stock-Trak: (i) 647,249 shares of common stock of
    the Company (the "Merger Shares"); and (ii) a cash payment of $1,987,000,
    which amount included payments in connection with outstanding options of
    Stock-Trak, which were terminated at the closing of the Merger Agreement,
    and payment of certain transaction costs incurred by Stock-Trak. The cash
    payment is subject to a post closing adjustment to the extent that the total
    assets less the total liabilities of Stock-Trak, on January 3, 2007, was
    greater or less than $150,000. The number of Merger Shares was based on a
    valuation of $2.3175 per share, the average of the closing prices of our
    common stock for the twenty (20) business days preceding the execution of
    the Merger Agreement. Prior to entering into the Merger Agreement, the Company
    was party to a Joint Development Agreement with Stock-Trak pursuant to which
    Stock-Trak provided software development services to the Company. Other
    than the forgoing, there was no relationship between or among us or any
    of our
    affiliates, directors, officers, or any associate of any of our directors
    or officers, on the one hand, and Stock-Trak or Mr. Brookshire on the other.
Section 3 – Securities And Trading Markets
Item 3.02    Unregistered Sales of
      Equity Securities.
The information provided in Item 2.01 regarding the issuance of common stock is hereby incorporated by reference.
On January 3, 2007, we issued the Merger Shares to one accredited investor in a private placement transaction pursuant to the exemption from registration provided by Section 4(2) of the Securities Act of 1933, as amended, without engaging in any advertising or general solicitation of any kind and without payment of underwriting discounts or commissions to any person.
1
Item 8.01    Other Events.
In
    connection with the closing of the Merger Agreement, Stock-Trak, Inc. entered
    into an employment agreement with Mr. Brookshire to serve as the President
    of Stock-Trak, Inc. for a term of two years at an annual base salary of $160,000.
    The agreement provides for an annual discretionary bonus and contains standard
    and customary confidentiality, non competition, and work made for hire provisions.
    We also issued an option to Mr. Brookshire under our Amended 2005 Stock Incentive
    Plan to purchase 200,000 shares of common stock at an exercise price of $2.20
    per share, the closing price of our common stock on the date of grant. The
    option terminates on December 31, 2011 and vests in equal annual installments
    over a three year period with the first installment vesting December 31,
    2007.
Item 9.01    Financial Statements and Exhibits.
(d)  Exhibits.   The following exhibit is filed with this report:
Exhibit No
.
Description of Exhibit
2.1
Agreement and Plan of Merger dated November 29, 2006 by and among the Company, Neutron Acquisition Corp., Stock-Trak, Inc.,  and Mark Brookshire (incorporated by reference to Exhibit 2.1 to the Company's Current Report on Form 8-K dated November 29, 2006)
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:  January  9, 2007
By:
/s/  Ciaran Griffin
Ciaran Griffin
Chief Financial Officer
2