Casmyn Corp. Files for Chapter 11

Casmyn Corp., Agoura Hills, said it has filed for Chapter 11 reorganization in order to proceed with an equity recapitalization plan to convert the company’s first convertible preferred stock and debt obligations into common stock.

The company’s gold mining operations in Zimbabwe are owned by subsidiary companies that are not part of the Chapter 11 filing.

Casmyn Corp. acquires and explores precious and base metal properties in Africa.