UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

~~PURSUANT~~Pursuant TOto ~~SECTION~~Section 13 OR 15(d) OFof ~~THE~~the ~~SECURITIES~~Securities ~~EXCHANGE~~Exchange ~~ACT~~Act OFof 1934

Date of ~~Report~~report (Date of earliest event reported)~~: December~~ 9August 6, ~~2011~~ 2012

~~Smart Ventures Inc.~~ -------------

~~(Exact~~Smart ~~name~~Ventures, ~~of registrant as specified in its charter)~~Inc.

NEVADA	00053338	980427221_
(State or other jurisdiction	(Commission File Number)	(IRS Employer
of Incorporation)		Identification Number)
	55 Harvest Wood Way NE Calgary, AB T3K 3X5, Canada
	(Address of principal executive offices)
	(403 ) 922-4583
	(Registrant’s Telephone Number)

(Name of Small Business issuer in its charter)

~~______________________________________________~~ Nevada 000-53338 95-0427221

(~~Former~~State ~~name~~ or ~~former~~other ~~address,~~jurisdiction ifof (Commission ~~changed~~File ~~since~~No.) (IRS ~~last~~Employer incorporation ~~report~~or organization) Identification Number)

~~Check~~1720 ~~the~~Arezzo ~~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:~~Circle

~~£ Written~~Boynton ~~communications~~Beach, ~~pursuant to Rule 425 under the Securities Act (17 CFR 230.425)~~ FL 33436

~~£ Soliciting~~ (Address ~~material~~of ~~pursuant~~principal toexecutive ~~Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12~~offices)

~~£ Pre~~ 561-~~commencement communications pursuant to Rule 14d~~283-~~2(b) under the Exchange Act (17 CFR 240.14d-2(b))~~1560

~~£ Pre-commencement communications pursuant to Rule 13e-4~~(c)Registrant’s ~~under~~telephone ~~the Exchange Act (17 CFR 240.13e-4(c~~number))

~~FORWARD LOOKING STATEMENTS~~-------------------------

~~This~~Item ~~current~~8 ~~report contains forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995~~01. ~~These~~Other statements relate to future events or our future results of operation or future financial performance, including, but not limited to, the following: statements relating to our ability to raise sufficient capital to finance our planned operations for the next 12 months. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “intends”, “expects”, “plans”, “anticipates”, “believes”, “estimates”, “predicts”, “potential”, or “continue” or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors, including the risks in the section entitled “Risk Factors” in this current report, which may cause our or our industry’s actual results, levels of activity or performance to be materially different from any future results, levels of activity or performance expressed or implied by these forward-looking statements.Events

~~Although~~On weAugust ~~believe~~2, ~~that~~2012 the ~~expectations~~Board ~~reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels~~ of ~~activity~~Directors ~~or performance. You should not place undue reliance on these statements, which speak only as~~ of the ~~date~~registrant ~~that~~passed ~~they~~unanimously ~~were~~a ~~made.~~resolution ~~These~~authorizing ~~cautionary~~a ~~statements~~reverse ~~should~~share besplit ~~considered~~to ~~with~~the ~~any~~shareholders ~~written~~of orrecord ~~oral~~holding ~~forward-looking~~common ~~statements~~shares ~~that~~on August we2, ~~may issue in the future. Except as required by applicable law~~2012, ~~including~~on ~~the~~a ~~securities~~basis ~~laws~~ of ~~the~~one ~~United~~share ~~States,~~for weevery doone ~~not~~hundred ~~intend~~shares toheld (1-100) ~~update~~bringing ~~any of~~ the ~~forward-looking~~total ~~statements~~common toshares ~~conform~~issued ~~these~~and ~~statements~~outstanding to ~~reflect actual results~~830,000 ~~later events or circumstances or to reflect the occurrence of unanticipated events.~~

AsITEM ~~used in this current report and unless otherwise indicated, the terms “we”, “us”, “our”, the “Company” and “Smart” refer to Smart Ventures, Inc~~9.01. ~~and~~FINANCIAL ~~its~~STATEMENTS ~~subsidiaries.~~AND EXHIBITS.

~~Section 1 - Registrant’s Business and Operations~~ EXHIBITS

~~Item 1~~99.021 ~~Termination~~August of2, a2012 ~~Material~~Board ~~Definitive~~of ~~Agreement.~~Directors Resolution

On June 15, 2011 we entered into a share exchange agreement with the shareholders of Metal Assets S.A. which provided in part for us to acquire all of the issued and outstanding common stock or other equity interests of Metal Assets S.A (the “Agreement”). The Agreement was subsequently amended on June 20, 2011. SIGNATURES

~~Since~~Pursuant ~~execution of~~to the ~~Agreement, the~~requirements ~~Company’s principals and professional advisors have been conducting further due diligence and requested delivery~~ of ~~necessary books and records necessary to confirm that there has been no material change in~~ the ~~Company’s~~Securities ~~operations~~Exchange orAct ~~financial~~of ~~condition. To date~~1934, ~~this~~the ~~information~~registrant has ~~not~~duly ~~been~~caused ~~provided. Moreover,~~this areport ~~condition precedent~~ to ~~Closing~~be issigned ~~the~~on ~~delivery~~its ofbehalf ~~audited~~by ~~financial statements. Metal Assets has not been able to comply with this requirement and as a result~~ the ~~transaction~~undersigned ~~has~~hereunto ~~been~~duly ~~terminated~~authorized.

~~With~~Smart ~~the termination of the agreement~~Ventures, ~~neither~~ ~~party has any liability to the other with respect to any “break up” fee or any other cost or expense~~Inc. ~~Each party shall remain liable for their own costs and expenses incurred in connection with this transaction.~~

~~Section~~/s/Lance ~~9-Financial~~R. ~~Statements and Exhibits~~Larsen

~~Item~~ Lance 9R.01 ~~Financial~~Larsen, ~~Statements~~President and ~~Exhibits.~~Director

~~SIGNATURE~~August 6, 2012

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	SMART VENTURES INC.
Date: December 9, 2011	By:	/s/ Lance Larsen
		Lance Larsen
		Chief Executive Officer

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