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):  January 28, 2003


                   Aries Ventures Inc. (formerly Casmyn Corp.)
             ------------------------------------------------------
             (Exact name of registrant as specified in its charter)


        Nevada                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
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(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.)



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ITEM 3.  BANKRUPTCY OR RECEIVERSHIP

         On December 7, 1999, Casmyn Corp., a Colorado corporation, now known as
Aries Ventures Inc., a Nevada corporation (the "Debtor" or the "Reorganized
Debtor"), 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 (the "Bankruptcy Court"). The Debtor
operated as debtor-in-possession during the Chapter 11 case.

         On March 31, 2000, the Bankruptcy Court confirmed the Debtor's Second
Amended Chapter 11 Plan of Reorganization (the "Plan") and entered the Order
Confirming Debtor's Second Amended Plan of Reorganization. Pursuant to
Bankruptcy Court order, the effective date for the Plan was April 11, 2000.

         On January 28, 2003, the Reorganized Debtor filed its Notice of Motion
and Motion for Order Granting Final Decree and Closing Chapter 11 Case (the
"Motion to Close Case"). Pursuant to the Motion to Close Case, the Reorganized
Debtor has requested that the Bankruptcy Court enter an order granting the
Debtor a final decree and closing the Chapter 11 case, or, in the alternative,
setting a hearing on the Motion to Close Case and granting the Motion to Close
Case at the hearing, as well as any other relief that the Bankruptcy Court may
deem appropriate. The Motion to Close Case will be heard by the Bankruptcy Court
if an interested party files a timely objection and requests a hearing.

         The Motion to Close Case summarizes the Debtor's claimants, their
treatment under the Plan, and the status of the Reorganized Debtor's performance
under the Plan. As more fully described in the Motion to Close Case, the assets
of the Debtor have vested in the Reorganized Debtor pursuant to the Plan, and
the Reorganized Debtor has assumed the business and the management of these
assets. Creditors, claimants and shareholders of the Debtor have received the
payments and distributions required under the Plan, all unsecured claims to
which the Reorganized Debtor objected to have been either disallowed or settled
and paid, and all legal proceedings have been settled in full. Accordingly, the
Reorganized Debtor believes that the Motion to Close Case demonstrates that the
Debtor's estate has been fully administered as contemplated in the Plan. The
entry of an order by the Bankruptcy Court granting the Motion to Close Case will
not have a significant effect on the Reorganized Debtor's assets or operations.



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                                   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.

                                                Aries Ventures Inc.
                                              ------------------------
                                                    (Registrant)


                                              /s/ ROBERT N. WEINGARTEN
Date:  January 31, 2003                  By:  ________________________
                                              Robert N. Weingarten
                                              Chief Financial Officer





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