UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549

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

~~Pursuant~~Date toof ~~Section~~report ~~13 or 15~~(d)Date of ~~the~~earliest ~~Securities~~event ~~Exchange~~reported) ~~Act~~June of26, ~~1934~~2006

~~Date~~Neutron Enterprises, Inc. (Exact Name of ~~Report:~~Registrant ~~August~~as ~~17,~~Specified ~~2004~~in Its Charter) Nevada (State or Other Jurisdiction of Incorporation)

(Date of earliest event reported)

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)

~~Commission~~(905) ~~File~~2381777 (Registrant’s Telephone Number~~: 333-56516~~, Including Area Code) (Former Name or Former Address, if Changed Since Last Report)

~~NEUTRON~~ Check the ~~ENTERPRISES,~~appropriate ~~INC~~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):

~~(Exact~~ Written ~~name~~communications ofpursuant ~~registrant~~to asRule ~~specified~~425 inunder ~~its~~the ~~charter~~Securities Act (17 CFR 230.425)

~~NEVADA~~ Soliciting ~~(State~~material orpursuant ~~other~~to ~~jurisdiction~~Rule of14a-12 ~~incorporation~~under orthe ~~organization)~~Exchange ~~98-0338100~~Act (~~I.R.S.~~17 ~~Employer~~CFR ~~Identification No~~240.14a-12)

~~1801~~ Pre-commencement ~~CENTURY~~communications ~~PARK~~pursuant ~~EAST,~~to ~~SUITE~~Rule ~~2500~~14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

~~LOS~~ Pre-commencement ~~ANGELES,~~communications ~~CALIFORNIA 90067~~pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

~~(Address~~Section of3 ~~Principal~~– ~~Executive~~Securities ~~Offices)~~And ~~(Zip~~Trading ~~Code)~~Markets

~~Registrant's~~Item ~~Telephone~~3.02 Unregistered ~~number,~~Sales ~~including~~of ~~area~~Equity ~~code: (310) 553-9009~~Securities.

~~Suite~~ On ~~201~~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 ~~15225~~installments ~~Thrift~~over ~~Ave~~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.

~~White~~ On July ~~Rock~~1, B2006, 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.C The options have a term of five years, are exercisable at $2.00 per share, ~~Canada~~and ~~V4B~~vest ~~2K9~~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.

~~(Former~~ The ~~Address~~forgoing securities were issued in a private placement transaction to three executive officers of ~~Principal~~the ~~Executive~~Company ~~Offices~~who ifare ~~changed~~accredited ~~since~~investors ~~last~~pursuant ~~report~~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.

ITEM 5. OTHER EVENTS AND REGULATION FD DISCLOSURE

On August 17, 2004 Russell J. Hoffman resigned as a director and interim President and CEO of Registrant.

Effective August 18, 2004 the board of directors has appointed Andrew Gertler as the new President and CEO. Mr. Gertler will further serve as a Director and Chairman of the Board.

Mr. Gertler has over 20 years of business experience in the areas of Private Equity, Distressed Debt and Real Estate. Mr. Gertler also serves on the board of directors of ProMetic Life Science (TSE:PLI). He holds a Bachelor of Commerce degree from McGill University and an M.B.A. from the University of Western Ontario (now the Richard Ivey School of Business).

Registrant has announced that it has abandoned its effort to acquire GlycoBioSciences Inc.

The press release announcing these events is included in this report as Exhibit 99.1.

ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS

99.1.

Press Release dated August 18, 2004

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.

	Neutron Enterprises, Inc.


Date: July 10, 2006	By:	/s/ Ciaran Griffin
		Ciaran Griffin
		Chief Financial Officer

~~/s/ Andrew Gertler~~2

Andrew Gertler, President

Dated: August 18, 2004

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