Order Authorizing Non-Material Modification of Casmyn Corp.'s Second Amended Chapter 11 Plan of Reorganization

Summary

This court order, issued by the United States Bankruptcy Court for the Central District of California, authorizes Casmyn Corp. (now Aries Ventures Inc.) to make a non-material modification to its previously confirmed Chapter 11 Plan of Reorganization. The modification allows the company to distribute New Goldco Common Stock directly to creditors and shareholders, instead of issuing New Goldco Warrants as originally planned. The order confirms that this change improves the treatment of creditors and shareholders and that no objections were raised.

EX-2.1 2 ex-2_1.txt EXHIBIT 2.1 RICHARD L. WYNNE (SBN 120349) CHRISTOPHER W. COMBS (SBN 148389) WYNNE SPIEGEL ITKIN, A Law Corporation 1901 Avenue of the Stars, 16th Floor Los Angeles, California 90067 Telephone: (310) 551-1015 Facsimile: (310) 551-3059 Attorneys for Reorganized Debtor UNITED STATES BANKRUPTCY COURT CENTRAL DISTRICT OF CALIFORNIA SAN FERNANDO VALLEY DIVISION In re Case No. SV 99-23968-AG CASMYN CORP., Chapter 11 a Colorado corporation, Debtor. ORDER AUTHORIZING NON-MATERIAL MODIFICATION OF DEBTOR'S SECOND AMENDED CHAPTER 11 PLAN OF REORGANIZATION Date: June 1, 2000 Time: 10:30 a.m. Place: Courtroom 302 21041 Burbank Blvd Woodland Hills, CA 91367 At 10:30 a.m. on June 1, 2000, a hearing took place before the undersigned United States Bankruptcy Judge to consider the MOTION BY REORGANIZED DEBTOR FOR ORDER AUTHORIZING NON-MATERIAL MODIFICATION OF DEBTOR'S SECOND AMENDED CHAPTER 11 PLAN OF REORGANIZATION (the "Motion"), filed by Casmyn Corp., a Colorado corporation, formerly debtor and debtor in possession, currently the reorganized debtor, now known as Aries Ventures Inc., a Nevada corporation (the "Debtor"). Christopher W. Combs, of Wynne Spiegel Itkin, A Law Corporation, appeared for the Debtor. Other appearances were noted on the record. Having considered the Motion, the Memorandum, Declaration, and Exhibits attached to the Motion, and the representations of counsel at the hearing on the Motion, 1 notice of the Motion having been appropriate in the circumstances, no objection to the Motion having been made, the DEBTOR'S SECOND AMENDED CHAPTER 11 PLAN OF REORGANIZATION (the "Plan") having already gone effective on the Effective Date (as that term is defined in the Plan) pursuant to the ORDER CONFIRMING DEBTOR'S SECOND AMENDED CHAPTER 11 PLAN OF REORGANIZATION, which was entered on March 31, 2000 (the "Confirmation Order"), and in which the Court determined that all requirements for confirmation of the Plan as set forth in the Plan and the Bankruptcy Code had been met, the modification of the Plan proposed in the Motion being a non-material modification of the Plan that improves the treatment of creditors and shareholders under the Plan, and good cause existing for approving the relief requested in the Motion, the Court ORDERS that the Motion shall be and it hereby is approved; and the Court further ORDERS that notwithstanding anything to the contrary in the Plan and the ORDER CONFIRMING DEBTOR'S SECOND AMENDED CHAPTER 11 PLAN OF REORGANIZATION, which was entered on March 31, 2000, the Debtor shall be and it hereby is authorized to take any and all steps necessary to distribute all or a majority of the New Goldco Common Stock (as defined in the Plan) directly to its creditors and shareholders, rather than issuing the New Goldco Warrants (as defined in the Plan) to its creditors and shareholders, as set forth in the Motion, and the Debtor shall not be required to issue any New Goldco Warrants under the Plan. DATED: JUNE 1, 2000 /s/ ARTHUR M. GREENWALD ----------------------------------------- THE HONORABLE ARTHUR M. GREENWALD UNITED STATES BANKRUPTCY JUDGE 2