UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

~~CURRENT~~Current ~~REPORT~~ Report Pursuant to Section 13 or 15(d) of

~~Pursuant~~The ~~to Section 13 or 15(d) of the~~ Securities Exchange Act of 1934

Date of ~~Report~~report (Date of earliest event reported): June 511, 2007

~~Sovereign~~SOVEREIGN ~~Exploration~~EXPLORATION ~~Associates~~ASSOCIATES ~~International~~INTERNATIONAL, ~~Inc~~INC.

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(Exact name of registrant as specified in its charter)

Utah	333-29903	30-0123229
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Identification No.)
(State or other jurisdiction of incorporation or organization)	(Commission File Number)	(I.R.S. Employer Identification No.)

503 Washington Avenue~~, Suite 2D~~

~~Newtown,~~Suite ~~PA 18940~~2D

~~-------------------------------------------~~Newtown, ~~---------~~Pennsylvania 18940

(Address of principal executive offices) ~~(Postal~~and ~~Code~~zip code)

Registrant's telephone number, including area code: ~~(215)~~ 215-968-0200

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:

[r ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[r ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[r ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[r ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

~~Items~~Section ~~to be reported on:~~
8 - Other Events Item 8.01 Other Events

~~Section~~On 1June -11, ~~Registrant's~~2007, ~~Business~~the Company completed a Stock Purchase Agreement wherein it acquired all of the issued and ~~Operations~~outstanding stock of Lavelle Holdings, Inc., a Nevada Corporation, from its existing shareholders ("Sellers").

Item 1.01 Entry into a Material Definitive Agreement

Section 2 - Financial Information

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet-Arrangement of a Registrant

On June 1, 2007, the Company executed a Promissory Note under which the Company borrowed $1,000,000 from Silverman partners, LLC. and Hochstin Investments. The Note is payable six months from the date of the Note, unless converted, at the option of the noteholder, into shares of Common Stock of the Company. At the Maturity Date of the Note, the Holders shall be entitled to purchase 250,000 shares of common stock of the Company at a price of $.20 per share. The Holders will also be entitled to purchase an additional 250,000 shares of common stock of the Company at the closing price of the Company stock as reported on the OTCBB on the Closing Date. These shares must be exercised within one year from the Closing Date.

SIGNATURES

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

~~Date: June 6, 2007~~ SOVEREIGN EXPLORATION ASSOCIATES INTERNATIONAL, INC.

~~/s/~~ Robert D. Baca

~~By:~~Chief ~~Robert~~Executive ~~D. Baca~~Officer

President, CEO and Director

Filing Compare · Sovereign Exploration Associates International, Inc.