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Prepared and filed by St Ives Financial
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<page><p align="center"><font size="2" face="serif"><b>UNITED STATES<br>SECURITIES AND EXCHANGE COMMISSION<br>WASHINGTON, DC 20549</b></font></p>
<p align="center"><font size="2" face="serif"><b>FORM 8-K</b></font></p>
<p align="center"><font size="2" face="serif"><b>CURRENT REPORT PURSUANT<br>TO SECTION 13 OR 15(D) OF THE<br>SECURITIES EXCHANGE ACT OF 1934</b></font></p>
<p align="center"><font size="2" face="serif">Date of report (Date of earliest event reported): March 30, 2006 </font></p>
<p align="center"><font size="2" face="serif"><b><font face="serif" size="6">Neutron Enterprises, Inc.<br></font></b>(Exact Name of Registrant as Specified in Its Charter)</font></p>
<p align="center"><font size="2" face="serif"><b>Nevada<br></b>(State or Other Jurisdiction of Incorporation)</font></p>
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<td width="50%"><font size="2" face="serif"><b>005-80243</b></font></td>
<td width="47%"><font size="2" face="serif"><b>98-0338100</b></font></td>
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<td width="50%"><font size="2" face="serif">(Commission File Number)</font></td>
<td><font size="2" face="serif">(IRS Employer Identification No.)</font></td>
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<td width="50%"><font size="2" face="serif"><b>East, Unit 67 Mississauga, Ontario </b></font></td>
<td width="47%"><font size="2" face="serif"><b>L4Z 1R5</b></font></td>
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<td width="50%"><font size="2" face="serif">(Address of Principal Executive Offices)</font></td>
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<p align="center"><font size="2" face="serif"><b>(905) 238-1777<br></b>(Registrant&#8217;s Telephone Number, Including Area Code)</font></p>
<p align="center"><font size="2" face="serif">1 Westmount Square, Suite 1660, Westmount, Quebec, H3Z 2P9, Canada<br> (Former Name or Former Address, if Changed Since Last Report)</font></p>
<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:</font></p>
<p align="left"><font size="2" face="serif" align="left">___&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" align="left">___&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" align="left">___&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" align="left">___&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="left"><font size="2" face="serif"><b>Item 1.01. Entry Into a Material Definitive Agreement</b></font></p>
<p align="left"><font size="2" face="serif">On March 30, 2006, Neutron Enterprises, Inc. (the &quot;Company&quot;) entered into a Secured Note and Security Agreement with Geneva Capital Trust, (the &quot;Credit Facility&#8221;). </font></p>
<p align="left"><font size="2" face="serif">The Credit Facility provides for revolving credit loans of up to a maximum principal amount of $3,000,000 (the &#8220;Revolver Loans&#8221;). Advances are limited, without the consent of the lender, to $200,000 per month.</font></p>
<p align="left"><font size="2" face="serif">The Revolver Loans will bear interest per annum, payable quarterly, at a fixed rate of 8% per annum. </font></p>
<p align="left"><font size="2" face="serif">The principal amount of the Revolver Loans is due and payable in full on March 30, 2009.  The Credit Facility is secured by substantially all of the Company's assets. </font></p>
<p align="left"><font size="2" face="serif">Amounts owed under the Credit Facility may be accelerated under various circumstances more fully described in the Credit Facility, including, but not limited to, the failure to make interest payments due under the Credit Facility, breaches of certain covenants, representations and warranties set forth in the Credit Facility, the occurrence of certain insolvency or receivership events affecting the Company and certain events having a material adverse effect on the Company's business, assets, operations, properties, prospects or condition. </font></p>
<p align="left"><font size="2" face="serif"><b>Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. </b></font></p>
<p align="left"><font size="2" face="serif">The information provided in Item 1.01 above regarding the Credit Facility is hereby incorporated into this Item 2.03 by reference. </font></p>
<p align="left"><font size="2" face="serif"><b>Item 9.01. Financial Statements and Exhibits. </b></font></p>
<p align="left"><font size="2" face="serif">(d) Exhibits. </font></p>
<p align="left"><font size="2" face="serif" align="left">99.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Secured
    Note<br>
99.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Security Agreement dated as of March 30, 2006<br>
99.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Press Release</font></p>
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<p align="center"><font size="2" face="serif"><u>SIGNATURES</u></font></p>
<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 thereunto duly authorized.</font></p>
<p align="left"><font size="2" face="serif">Date: April 5, 2006</font></p>
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<td colspan="2" align="left"><font size="2" face="serif">Neutron Enterprises, Inc.  </font></td>
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<td width="5%" align="left"><font size="2" face="serif">By:  </font></td>
<td width="45%" align="left"><font size="2" face="serif"><u>/s/ Ciaran Griffin</u></font></td>
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<td align="left"><font size="2" face="serif">Ciaran Griffin</font></td>
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<td align="left"><font size="2" face="serif">Chief Financial Officer </font></td>
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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": "06757856"}, "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): March 30, 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.)
East, Unit 67 Mississauga, Ontario
L4Z 1R5
(Address of Principal Executive Offices)
(905) 238-1777
(Registrant's Telephone Number, Including Area Code)
1 Westmount Square, Suite 1660, Westmount, Quebec, H3Z 2P9, Canada
(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:
___       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 a Material Definitive Agreement
On March 30, 2006, Neutron Enterprises, Inc. (the "Company") entered into a Secured Note and Security Agreement with Geneva Capital Trust, (the "Credit Facility").
The Credit Facility provides for revolving credit loans of up to a maximum principal amount of $3,000,000 (the "Revolver Loans"). Advances are limited, without the consent of the lender, to $200,000 per month.
The Revolver Loans will bear interest per annum, payable quarterly, at a fixed rate of 8% per annum.
The principal amount of the Revolver Loans is due and payable in full on March 30, 2009.  The Credit Facility is secured by substantially all of the Company's assets.
Amounts owed under the Credit Facility may be accelerated under various circumstances more fully described in the Credit Facility, including, but not limited to, the failure to make interest payments due under the Credit Facility, breaches of certain covenants, representations and warranties set forth in the Credit Facility, the occurrence of certain insolvency or receivership events affecting the Company and certain events having a material adverse effect on the Company's business, assets, operations, properties, prospects or condition.
Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The information provided in Item 1.01 above regarding the Credit Facility is hereby incorporated into this Item 2.03 by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
99.1     Secured
    Note
99.2     Security Agreement dated as of March 30, 2006
99.3     Press Release
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 thereunto duly authorized.
Date: April 5, 2006
Neutron Enterprises, Inc.
By:
/s/ Ciaran Griffin
Ciaran Griffin
Chief Financial Officer