CASMYN CORP
8-K, 2000-02-24
METAL MINING
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<PAGE>


                UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 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): February 18, 2000


                                  Casmyn Corp.
              -----------------------------------------------------
             (Exact name of registrant as specified in its charter)


   Colorado               0-14136              84-0987840
- ---------------         ------------        ----------------
(State or other         (Commission         (I.R.S. Employer
jurisdiction of         File Number)         Identification
incorporation)                                   Number)


28720 Canwood Street, Suite 207, Agoura Hills, California   91301
- --------------------------------------------------------------------
(Address of principal executive offices)                  (Zip Code)


Registrant's telephone number, including area code:  (818) 879-6501


                                 Not applicable
         -------------------------------------------------------------
         (Former name or former address, if changed since last report.)


<PAGE>

ITEM 5.  OTHER EVENTS

         On December 7, 1999, Casmyn Corp., a Colorado corporation (the
"Company"), filed for protection under Chapter 11 of the United States
Bankruptcy Code in the United States Bankruptcy Court for the Central District
of California, San Fernando Valley Division, Case No. SV99-23968-AG. The Company
is operating as debtor-in-possession.

         The Company's gold mining operations in Zimbabwe are owned by separate
subsidiary companies which are not a part of the Chapter 11 filing and which are
continuing to conduct business as usual.

         On February 18, 2000, the Company filed Interim Statement No. 2 and
Operating Report No. 2, respectively, for the period from January 1, 2000
through January 31, 2000, with the Office of the United States Trustee for the
Central District of California. Copies of Interim Statement No. 2 and Operating
Report No. 2, excluding attachments and supporting schedules, are attached
hereto as Exhibits 99.1 and 99.2, respectively. The financial information
included in these documents was prepared without audit and on an unconsolidated
basis solely for the purpose of filing with the Office of the United States
Trustee, and does not purport to represent a complete set of financial
statements prepared in accordance with generally accepted accounting principles.


ITEM 7.  FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND
         EXHIBITS

(c)      Exhibits:

<TABLE>
<CAPTION>

Exhibit
Number   Description
- ------   -----------
<S>      <C>
99.1     Casmyn Corp. Interim Statement No. 2 for the period from January 1,
         2000 through January 31, 2000

99.2     Casmyn Corp. Operating Report No. 2 for the period from January 1,
         2000 through January 31, 2000
</TABLE>

<PAGE>

                                   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.


                                                     Casmyn Corp.
                                               ------------------------
                                                      (Registrant)



                                               /s/ ROBERT N. WEINGARTEN
Date:  February 23, 2000                  By:
                                               ------------------------
                                               Robert N. Weingarten
                                               Chief Financial Officer




<PAGE>



                                                                    EXHIBIT 99.1


                                         OFFICE OF THE UNITED STATES TRUSTEE
                                         -----------------------------------

<TABLE>
<CAPTION>

<S>                                                                 <C>
  In re:                                                            DEBTOR IN POSSESSION INTERIM STATEMENT
                                                                    --------------------------------------
     Casmyn Corp., A Colorado Corporation
     28720 Canwood Street, Suite 207                                Statement Number:               2
     Agoura Hills, CA 91301
                                                   Debtor,          For the Period FROM:             01/01/00
     -----------------------------------------------------
     Chapter 11 Case No:  SV 99-23968-AG                                           TO:               01/31/00
     -----------------------------------------------------

                                                                           General               Payroll                 Tax
CASH ACTIVITY ANALYSIS (Cash Basis Only)                                   Account               Account               Account
                                                                        --------------------------------------------------------
A.  Total Receipts per all Prior Interim Statements                     (Summary of all accounts)
B.  Less:  Total Disbursements per all Prior Statements
C.  Beginning Balance (A less B)                                             $1,787,449.66
D.  Receipts during Current Period




      TOTAL RECEIPTS THIS PERIOD                                                 34,008.87
                                                                        --------------------------------------------------------
E.  Balance Available (C plus D)                                             $1,821,458.53
                                                                        --------------------------------------------------------
F.  Less:  Disbursements during Current Period




      TOTAL DISBURSEMENTS THIS PERIOD                                            85,401.47
                                                                        --------------------------------------------------------
G.  Ending Balance (E minus F)                                               $1,736,057.06
                                                                        --------------------------------------------------------
</TABLE>


<PAGE>

                                                                    EXHIBIT 99.2

                       OFFICE OF THE UNITED STATES TRUSTEE

<TABLE>
<CAPTION>

In re:                                                           DEBTOR IN POSSESSION OPERATING REPORT
                                                                 -------------------------------------
Casmyn Corp. a Colorado Corporation
28720 Canwood Street, Suite 207                                  Report Number:       2
Agoura Hills, CA 91301                   Debtor.                 For the Period FROM:  01/01/00
- ------------------------------------------------
Chapter 11 Case No:  SV 99-23968-AG                                             TO:    01/31/00
- ------------------------------------------------


<S>                                                                                           <C>                     <C>
1.  Profit and Loss Statement (Accrual Basis Only)
     A.  Related to Business Operations:
          Gross Sales                                                                              $0
          Other Operating Revenues                                                                  0
                                                                                              -------
          Gross Profit                                                                                                       $0
           Less Operating Expenses:
                Officer Compensation                                                           30,833
                Compensation and Fees - Others                                                 10,142
                                                                                              -------
                   Total Compensation                                                                                   (40,975)
                Rent and Lease Exp. (Real Property and Personal Property)                       1,668
                Insurance                                                                       4,821
                Utilities (Gas, Electricity, Water, Telephone, etc.)                            1,842
                Depreciation and Amortization
                Filing Fees                                                                       100
                Repairs and Maintenance                                                           150
                Publications
                Professional Services:
                  Accounting                                                                    4,270
                  Legal                                                                         2,232
                Shareholder Related                                                             1,059
                Supplies, Office Expenses, Photocopies, etc.                                    4,468
                Travel and Entertainment                                                        8,193
                Transfers to S.A./Zimbabwe                                                     16,333
                Miscellaneous Operating Expenses:
                  Bankruptcy Related                                                          205,180
                  Total Operating Expenses                                                                             (250,316)
                                                                                              -------                 ---------
                       Net Gain/Loss from Business Operations                                                          (291,291)
     B.  Not related to Business Operations:
          Income:
                Interest Income                                                                13,727
                Other Non-Operating Revenues                                                        6
                                                                                              -------
                Total Non-Operating Income                                                                               13,733
          Expenses Not Related to Business Operations:
                Legal and Professional Fees
                Total Non-Operating Expenses
                                                                                                                      ---------
NET INCOME/LOSS FOR PERIOD                                                                                            $(277,558)
                                                                                                                      =========
</TABLE>




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