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 January 29, 2011 Date of report (Date of earliest event reported): Avatar Ventures Corp. (Exact Name of Registrant as Specified in Its Charter) Nevada (State or Other Jurisdiction of Incorporation) 333-147037 (Commission File Number)N/A (IRS Employer Identification No.) POSTAL CODE 130021, BOX 2225, MING DE ROAD POST OFFICE, CHAO YANG, CHANG CHUN CHINA 1300006 (Address of Principal Executive Offices, Zip Code) 949-209-7970 (Registrant's Telephone Number, Including Area Code) Not Applicable ----------------------------------------------------------------------- (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)) Item 8.01 Other Events. On January 29 , 2011, Zhen Chen, the owner of 4,500,000 shares of common stock of Avatar Ventures Corp. (the "Company"), returned 1,750,000 common shares to the Company for cancellation. Mr. Chen returned the shares for cancellation in order to reduce the number of shares issued and outstanding. Subsequent to the cancellation, the Company has 5,250,000 shares issued and outstanding; a number that Mr. Chen, who is also a director of the Company, considers more in line with the Company's current business plans. Following the share cancellation, Mr. Chen owns 2,750,000 common shares, or 52.36%, of the remaining 5,250,000 issued and outstanding common shares of the Company. 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. AVATAR VENTURES CORP. By: /s/ Zhen Chen Name: Zhen Chen Title: President and Chief Executive Officer Date: February 1, 2011