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Prepared and filed by St Ives Financial
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<td align="center"><font size="2" face="serif"><b>UNITED STATES</b></font></td>
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<td align="center"><font size="2" face="serif"><b>SECURITIES AND EXCHANGE COMMISSION</b></font></td>
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<td align="center"><font size="2" face="serif"><b>Washington, DC 20549</b></font></td>
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<p align="center"><b><font face="serif" size="5">FORM 8-K</font></b></p>
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<td align="center"><font size="2" face="serif"><b>CURRENT REPORT </b></font></td>
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<td align="center"><font size="2" face="serif"><b>Pursuant to Section 13 or 15(d) of the</b></font></td>
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<td align="center"><font size="2" face="serif"><b>Securities Exchange Act of 1934</b></font></td>
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    <td>&nbsp;</td>
    <td>&nbsp;</td>
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    <td width="40%"><font size="2" face="serif">&nbsp;Date of report (Date of earliest event
    reported) <u> <b> </b></u></font></td>
    <td align="center"><font size="2" face="serif"><b>November 29, 2006</b></font></td>
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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"><hr noshade size="1"></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><font size="2" face="serif"><b>Nevada</b></font></td>
<td width="5%">&nbsp;</td>
<td width="30%"><font size="2" face="serif"><b>005-80243</b></font></td>
<td width="5%">&nbsp;</td>
<td width="30%"><font size="2" face="serif"><b>98-0338100</b></font></td>
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  <td colspan="5"><hr noshade size="1">
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<td><font size="2" face="serif">(State or Other Jurisdiction</font></td>
<td>&nbsp;</td>
<td><font size="2" face="serif">(Commission </font></td>
<td>&nbsp;</td>
<td><font size="2" face="serif">(IRS Employer</font></td>
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<td><font size="2" face="serif">of Incorporation)</font></td>
<td>&nbsp;</td>
<td><font size="2" face="serif">File Number)</font></td>
<td>&nbsp;</td>
<td><font size="2" face="serif">Identification No.)</font></td>
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  <td align="left" width="25%">&nbsp;</td>
<td align="center"><font size="2" face="serif"><b>450 Matheson Blvd. East, Unit 67</b></font></td>
<td align="left" width="25%"><font size="2" face="serif">&nbsp;</font></td>
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  <td width="25%" align="left">&nbsp;</td>
<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 width="25%" align="left">&nbsp;</td>
<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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    <td>&nbsp;</td>
    <td>&nbsp;</td>
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    <td width="50%"><font size="2" face="serif">Registrant&#146;s telephone
    number, including area code</font></td>
    <td align="center"><font size="2" face="serif"><b>(905) 238-0059</b></font></td>
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    <td>&nbsp;</td>
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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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<div style="text-indent:3%">
<p align="left"><font size="2" face="serif">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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<td align="left"><font size="2" face="serif">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</font></td>
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<td>&nbsp;</td>
<td>&nbsp;</td> </tr>
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<td align="left"><font size="2" face="serif">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</font></td>
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<td>&nbsp;</td>
<td>&nbsp;</td> </tr>
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<td align="left"><font size="2" face="serif">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font></td>
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<td>&nbsp;</td>
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<td align="left"><font size="2" face="serif">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</font></td>
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<p align="center"><font size="2" face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<b>Section 1 &#150; Registrant&#146;s Business and Operations</b></font></p>
<table width="100%" cellspacing="0" cellpadding="0" border="0">
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<td align="left" width="9%"><font size="2" face="serif"><b>Item 1.01</b></font></td>
<td align="left"><font size="2" face="serif"><b>Entry into a Material Definitive
    Agreement.</b></font></td>
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<div style="text-indent:5%">
<p align="left"><font size="2" face="serif">On November 29, 2006, Neutron Enterprises, Inc. (the &#147;Company&#148;, &#147;we&#148; or &#147;us&#148;) entered into an Agreement and Plan of Merger (the &#147;Merger Agreement&#148;) with Neutron Acquisition Corp., a Delaware corporation and wholly owned subsidiary of the Company (&#147;Merger Sub&#148;), Stock-Trak, Inc., a Georgia corporation (&#147;Stock-Trak&#148;), and Mark Brookshire, the sole shareholder of Stock-Trak.  Under the Merger Agreement, Stock-Trak will merge with and into Merger Sub which will change its name to Stock-Trak, Inc. and survive 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.</font></p>
<p align="left"><font size="2" face="serif">In consideration for the Merger,
    we will issue or pay, as applicable, to Mr. Brookshire, the sole shareholder
    of Stock-Trak: (i) 647,249 shares of common stock of the Company (the &#147;Merger
    Shares&#148;);
    and (ii) cash in the amount to $2,000,000 less (A) payments be made to the
    holders of outstanding options of Stock-Trak due in connection with the termination
    of such options, (B) payoff of all amounts due and owing by Stock-Trak under
    a line of credit with Bank of America, N.A. and (C) payment of certain transaction
    costs incurred by Stock-Trak. The cash payment is subject to adjustment to
    the extent the total assets less the total liabilities of Stock-Trak as of
    the closing is 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. </font></p>
<p align="left"><font size="2" face="serif">The Merger Agreement contains standard and customary confidentiality, non solicitation, and non competition provisions which, among other things, prohibit Mr. Brookshire from competing with us or Stock-Trak for a period of five years following the closing of the Merger.  At closing, Stock-Trak will enter into an employment agreement with Mr. Brookshire to serve as the President of Stock-Trak for a term of two years at an annual base salary of $160,000 and we will issue an option to Mr. Brookshire under our Amended 2005 Stock Incentive Plan to purchase 200,000 shares of common stock.  The option will have an exercise price equal to the closing price of our common stock on the date of grant, will terminate on December
31, 2011, and vest 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">Completion of the Merger is subject
    to the satisfaction or waiver of certain conditions, including obtaining
    all required third party consents and approvals, our satisfaction that the
    financial statements of Stock-Trak can be audited and presented in accordance
    with GAAP and applicable federal securities laws, and other customary closing
    conditions. The Merger is scheduled to close the later of January 12, 2007
    or upon the satisfaction or waiver of all conditions to closing. The Merger
    Agreement may be terminated by us, Stock-Trak or Mr. Brookshire upon the
    occurrence or failure to occur of certain events, including failure of the
    Merger to be completed by January 31, 2007.  </font></p>
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<p><a href="#contents"><font size="2">Back to Contents</font></a></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>
<table width="100%" cellspacing="0" cellpadding="0" border="0">
<tr valign="top">
<td align="left" width="9%"><font size="2" face="serif"><b>Item 3.02</b></font></td>
<td align="left"><font size="2" face="serif"><b>Unregistered Sales of Equity Securities.</b></font></td>
</tr>
</table>
<div style="text-indent:5%">
<p align="left"><font size="2" face="serif">The information provided in Item 1.01 regarding the proposed issuance of common stock is hereby incorporated by reference.</font></p>
<p align="left"><font size="2" face="serif">The Merger Shares will be issued 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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<td align="left" width="9%"><font size="2" face="serif"><b>Item 9.01</b></font></td>
<td align="left"><font size="2" face="serif"><b>Financial Statements and Exhibits. </b></font></td>
</tr>
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<p align="left"><font size="2" face="serif">(d)  Exhibits.   The following exhibit
    is filed with this report:</font></p>
<table width="100%" cellspacing="0" cellpadding="0" align="center" border="0">
<tr valign="top" bgcolor="#FFFFFF">
<td width="12%" align="left"><font size="2" face="serif"><u>Exhibit No</u>.</font></td>
<td align="left"><font size="2" face="serif"><u>Description of Exhibit</u></font></td>
<td width="2%" align="left">&nbsp;</td> </tr>
<tr valign="top">
<td align="left"><font size="2" face="serif">&nbsp;</font></td>
<td align="left"><font size="2" face="serif">&nbsp;</font></td>
<td align="left">&nbsp;</td>
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<tr valign="top" bgcolor="#ffffff">
<td align="left"><font size="2" face="serif">2.1</font></td>
<td 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. </font></td>
<td align="left">&nbsp;</td>
</tr>
</table>
<p align="center"><font size="2" face="serif"><b>SIGNATURES</b></font></p>
<div style="text-indent: 5%">
  <p align="left"><font size="2" face="serif">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>
</div>
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<tr valign="top"> <td align="left"><font size="1" face="serif">&nbsp;</font></td>
  <td colspan="2" align="left"><font size="2" face="serif">Neutron Enterprises, Inc.</font></td>
  </tr>
<tr valign="top"> <td align="left"><font size="1" face="serif">&nbsp;</font></td>
  <td width="5%" align="left">&nbsp;</td>
  <td width="45%" align="left"><font size="1" face="serif">&nbsp;</font></td> </tr>
<tr valign="top"> <td align="left"><font size="1" face="serif">&nbsp;</font></td>
  <td align="left">&nbsp;</td>
  <td align="left"><font size="1" face="serif">&nbsp;</font></td> </tr>
<tr valign="top">
<td align="left"><font size="2" face="serif">Date:  December 5, 2006</font></td>
<td align="left"><font size="2" face="serif">By:</font></td>
<td align="left"><font size="2" face="serif">/s/  Mitchell Rosen</font></td>
</tr>
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  <td align="left">&nbsp;</td>
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    </td>
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<td align="left"><font size="2" face="serif">&nbsp;</font></td>
<td align="left">&nbsp;</td>
<td align="left"><font size="2" face="serif">       Mitchell Rosen </font></td>
</tr>
<tr valign="top">
<td align="left"><font size="2" face="serif">&nbsp;</font></td>
<td align="left">&nbsp;</td>
<td align="left"><font size="2" face="serif">       Executive Vice President  </font></td>
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<p align="center"><font face="serif" size="2">2</font></p>
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[{"type": "8-K", "sequence": "1", "filename": "b415978_8k.htm", "description": "FORM 8-K", "secsgml_size_bytes": 15398}]
{"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": "061256819"}, "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)
November 29, 2006
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 1 – Registrant's Business and Operations
Item 1.01
Entry into a Material Definitive
    Agreement.
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.  Under the Merger Agreement, Stock-Trak will merge with and into Merger Sub which will change its name to Stock-Trak, Inc. and survive 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.
In consideration for the Merger,
    we will issue or pay, 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) cash in the amount to $2,000,000 less (A) payments be made to the
    holders of outstanding options of Stock-Trak due in connection with the termination
    of such options, (B) payoff of all amounts due and owing by Stock-Trak under
    a line of credit with Bank of America, N.A. and (C) payment of certain transaction
    costs incurred by Stock-Trak. The cash payment is subject to adjustment to
    the extent the total assets less the total liabilities of Stock-Trak as of
    the closing is 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.
The Merger Agreement contains standard and customary confidentiality, non solicitation, and non competition provisions which, among other things, prohibit Mr. Brookshire from competing with us or Stock-Trak for a period of five years following the closing of the Merger.  At closing, Stock-Trak will enter into an employment agreement with Mr. Brookshire to serve as the President of Stock-Trak for a term of two years at an annual base salary of $160,000 and we will issue an option to Mr. Brookshire under our Amended 2005 Stock Incentive Plan to purchase 200,000 shares of common stock.  The option will have an exercise price equal to the closing price of our common stock on the date of grant, will terminate on December
31, 2011, and vest in equal annual installments over a three year period with the first installment vesting December 31, 2007.
Completion of the Merger is subject
    to the satisfaction or waiver of certain conditions, including obtaining
    all required third party consents and approvals, our satisfaction that the
    financial statements of Stock-Trak can be audited and presented in accordance
    with GAAP and applicable federal securities laws, and other customary closing
    conditions. The Merger is scheduled to close the later of January 12, 2007
    or upon the satisfaction or waiver of all conditions to closing. The Merger
    Agreement may be terminated by us, Stock-Trak or Mr. Brookshire upon the
    occurrence or failure to occur of certain events, including failure of the
    Merger to be completed by January 31, 2007.
1
Back to Contents
Section 3 – Securities And Trading Markets
Item 3.02
Unregistered Sales of Equity Securities.
The information provided in Item 1.01 regarding the proposed issuance of common stock is hereby incorporated by reference.
The Merger Shares will be issued 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.
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.
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:  December 5, 2006
By:
/s/  Mitchell Rosen
Mitchell Rosen
Executive Vice President
2