Kyneton Investments Ltd – ‘SC 13D’ on 5/12/00 re: Taxus Cardium Pharmaceuticals Group Inc.

On:  Friday, 5/12/00, at 9:43pm ET   ·   As of:  5/15/00   ·   Accession #:  912057-0-24177   ·   File #:  5-51647

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General Statement of Beneficial Ownership   —   Schedule 13D
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: SC 13D      General Statement of Beneficial Ownership              4     23K 

Document Table of Contents

SC 13D
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 UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

SCHEDULE 13D

 UNDER THE SECURITIES EXCHANGE ACT OF 1934

CASMYN CORP.
(NAME OF ISSUER)

COMMON STOCK
(TITLE OF CLASS OF SECURITIES)

1476191002
(CUSIP NUMBER)

 MR. DOUG LANGFORD
C/O SHIELD MANAGEMENT SERVICES
 2 JANE STREET # 501
TORONTO, CANADA M6S4W3
(416) 769-9733

(NAME, ADDRESS AND TELEPHONE NUMBER OF PERSON AUTHORIZED TO RECEIVE NOTICES AND 
COMMUNICATIONS) 

APRIL 11, 2000
 (DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT)

If the filing person has previously filed a statement on Schedule 13G to report 
the acquisition which is the subject of this Schedule 13D, and is filing this   
schedule because of Rule 13d-1(b)(3) or (4), check the following box .          

Note: Schedules filed in paper format shall include a signed original and five  
copies of the schedule, including all exhibits. See Section 240.13d-7(b) for    
other parties to whom copies are to be sent.                                    

*The remainder of this cover page shall be filled out for a reporting person's  
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter           
disclosures provided in a prior cover page.                                     

The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of   
1934 ("Act") or otherwise subject to the liabilities of that section of the Act 
but shall be subject to all other provisions of the Act (however, see the       
Notes).                                                                         

SC 13D
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SCHEDULE 13D

CUSIP NO.   1476191002                                      PAGE 2 OF 4         
---------------                                             
--------------------------------------------------------------------------------
1   NAME OF REPORTING PERSON                                                
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON                   

Kyneton Investments, Ltd.                           
--------------------------------------------------------------------------------
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP                 (a) / /
                                                                     (b) / /
--------------------------------------------------------------------------------
3   SEC USE ONLY                                                            

--------------------------------------------------------------------------------
4   SOURCE OF FUNDS                                                         

OO                                                  
--------------------------------------------------------------------------------
5   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO    
    ITEMS 2(d) OR 2(e)                                                   / /
--------------------------------------------------------------------------------
6   CITIZENSHIP OR PLACE OF ORGANIZATION                                    

Cayman Islands                                      
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
NUMBER OF      7    SOLE VOTING POWER                                     
SHARES                                                                  
BENEFICIALLY                  593,710 shares (1)                              
   OWNED BY     ----------------------------------------------------------------
EACH         8    SHARED VOTING POWER                                 
REPORTING                   None.                                         
    PERSON      ----------------------------------------------------------------
WITH         9    SOLE DISPOSITIVE POWER                              

593,710 shares (1)

                ----------------------------------------------------------------
10    SHARED DISPOSITIVE POWER                
None.             
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
11      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON            

593,710 shares (1)                              
--------------------------------------------------------------------------------
12      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN          
       SHARES                                                              / /

--------------------------------------------------------------------------------
13      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)                      

15.2% (2)                                       
--------------------------------------------------------------------------------
14      TYPE OF REPORTING PERSON                                                

CO                                              
--------------------------------------------------------------------------------

SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.

     (1) The share amounts listed above include immediately exercisable warrants
  to purchase 296,855 shares of Issuer's Common Stock beneficially held by
 Kyneton Investments, Ltd., and take into account the Conversion and the
   Reverse Split (as defined in Item 4 below) as contemplated in the Plan of
  Reorganization (as defined in Item 3 below). All of these securities are
 held in the name of SIL Nominees, Ltd., a nominee, but are beneficially
    owned by Kyneton Investments, Ltd. Pursuant to the Plan of Reorganization,
warrants were issued to all holders of Issuer's Common Stock, on a    
 one-for-one basis after giving effect to the Conversion and the Reverse
Split.                                                                

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SC 13D
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(2) The percentage calculation listed above assumes exercise of all   
warrants beneficially held by Kyneton Investments, Ltd. (but not the  
exercise of warrants held by others) pursuant to applicable Commission
Rules.                                                                

ITEM 1. SECURITY AND ISSUER.                                                    

Common Stock                                    

Casmyn Corp.                                    
28720 Canwood Street, Suite 207                 
Agoura Hills, CA 91301                          

ITEM 2. IDENTITY AND BACKGROUND.                                                

      (a) through (f). This statement is being filed by Kyneton Investments,
Ltd., a Cayman Islands corporation ("Kyneton"). SIL Nominees, Ltd., a Cayman    
Islands corporation ("SIL") is a nominee company that holds the securities that 
are the subject of this Schedule 13D for the benefit of Kyneton. Kyneton is a   
securities investment company.                                                  

    The principal place of business for Kyneton is c/o Shield Management
Services, 2 Jane Street #501, Toronto, Canada M6S4W3.                           

 During the past five years, Kyneton has not been convicted in any
criminal proceedings or been subject to any judgment, decree or final order     
enjoining any future violations of, or prohibiting or mandating activities      
subject to, federal or state securities laws or finding any violation of such   
laws in a civil proceeding of a judicial or administrative body.                

ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.                      

      The securities were acquired pursuant to the terms of a Second Amended
Plan of Reorganization (the "Plan of Reorganization") effective April 11, 2000  
(the "Effective Date") with respect to Issuer's prior filing under chapter 11 of
the United States Bankruptcy Code. The Plan of Reorganization was approved by   
order of the United States Bankruptcy Court, Central District of California, San
Fernando Valley Division, filed and entered on March 31, 2000.                  

 No part of the purchase price for the securities was or will be
represented by funds or other consideration borrowed or otherwise obtained for  
the purpose of acquiring, holding, trading or voting the securities.            

ITEM 4. PURPOSE OF TRANSACTION.                                                 

        The Reporting Person beneficially owned shares of the Issuer's preferred
stock ("Preferred Stock") and/or shares of its common stock ("Common Stock")    
prior to the Effective Date of the Plan of Reorganization. Pursuant to the terms
of the Plan of Reorganization, each share of the Issuer's Preferred Stock       
outstanding immediately prior to the Effective Date was converted on the        
Effective Date into 5.27 shares of the Issuer's Common Stock (the "Conversion").
In addition, pursuant to the Plan of Reorganization, on the Effective Date, a 1 
for 500 reverse split of Issuer's Common Stock occurred (the "Reverse Split").  
The shares of Common Stock set forth in Items 7, 9 and 11, and the percentage   
set forth in Item 13, of the cover page to this Schedule 13D reflect the        
Conversion and the Reverse Split.                                               

     Pursuant to the Plan of Reorganization, among other things, (i) Mr.
Mark S. Zucker, Mr. Divo Milan and Mr. Selwyn Kossuth were appointed Directors  
of Issuer; (ii) the Issuer's capital structure was revised to authorize two     
classes of stock, "Common Stock" and "Preferred Stock", comprised of 50,000,000 
shares of Common Stock, par value $0.01, and 10,000,000 shares of Preferred     
Stock, par value $0.01; (iii) the Board of Directors of Issuer was authorized to
amend its Bylaws and Articles of Incorporation to, among other things, prevent  
unfair attempts to take over Issuer, such as provisions for the issuance of     
preferred warrants or similar securities; (iv) the Issuer was authorized to     
spin-out its wholly-owned subsidiary, Goldco Ltd., a Nevada corporation, to     
Issuer's shareholders; (v) the Issuer was authorized to reincorporate in another
jurisdiction (the Issuer has reincorporated from Colorado to Nevada); and (vi)  
the Issuer was authorized to change its name (which has been changed to Aries   
Ventures Inc.). As contemplated under the Plan of Reorganization, Goldco Ltd.   
holds or will hold all the Issuer's gold mining operations in Zimbabwe through a
wholly-owned subsidiary, Casmyn Mining Zimbabwe (Private) Ltd.                  

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SC 13D
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SCHEDULE 13D    

   The Reporting Person has no current plans to acquire any additional
securities of the Issuer, except as contemplated in the Plan of Reorganization. 
The Reporting Person will evaluate the Issuer's business and prospects, and     
based upon future developments (including, without limitation, performance of   
the Issuer's shares in the market, availability of funds, alternative uses of   
funds and stock market and general economic conditions), the Reporting Person   
(or other entities that might be affiliated with them) may, from time to time,  
purchase the Issuer's shares of Common Stock and may, from time to time, dispose
of all or a portion of such shares held by such persons, or cease buying or     
selling such shares. Any additional purchases or sales of the Issuer's shares of
Common Stock may be in the open market or pursuant to privately-negotiated      
transactions or otherwise.                                                      

      Except as otherwise described in this Item 4, the Reporting Person has
not formulated any plans or proposals which relate to or would result in any    
matter required to be disclosed in response to parts (a) through (j) of Item 4. 

ITEM 5. INTEREST IN THE SECURITIES OF THE ISSUER.                               

           (a)      As of the Effective Date (April 11, 2000), the Reporting
                    Person beneficially owned 593,710 shares of the Issuer's
                    outstanding Common Stock, which constitutes 15.2% of the
                    Issuer's outstanding Common Stock. These amounts include
                immediately exercisable warrants to purchase 296,855
                     shares of Common Stock beneficially held by the Reporting
Person.                             

           (b)      The Reporting Person has the power to vote or direct the
                     vote of, and to dispose or direct the disposition of, all
                    593,710 shares of Common Stock beneficially owned by the
Reporting Person.                   

         (c)      All of the securities reported on in this Schedule 13D
                    were acquired pursuant to or as contemplated in the Plan
of Reorganization.                  

(d)      Not applicable.                              

(e)      Not applicable.                              

ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO
SECURITIES OF THE ISSUER.                                                       

None.                                                           

ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.                                       

None.                                                           

 SIGNATURE

     After reasonable inquiry and to the best of its knowledge and belief,
the undersigned certifies that the information set forth in this Statement is   
true, complete and correct.                                                     

Dated: May 10, 2000                                                             

                          KYNETON INVESTMENTS, LTD.,
                            a Cayman Islands corporation

                      By:    /s/ Ansel Slome
                                           -------------------------------------
                                Title:     Duly Authorized Agent
                                              ----------------------------------

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Dates Referenced Herein   and   Documents Incorporated by Reference

				Referenced-On Page
This ‘SC 13D’ Filing		Date		First		Last			Other Filings
Filed as of:		5/15/00							3,  4
Filed on:		5/12/00
		5/10/00		4					4
		4/11/00		1		4			3,  4
		3/31/00		3					10QSB,  10QSB/A,  8-K
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