Company: GNTOF
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001062993-25-008252
Chunk: 35

Company: GENTOR RESOURCES INC.
Filing Date: 2025-04-30
Form: 20-F
Item: Item 10
Chunk 35
---
 "functional currency" other than the U. S. dollar; (v) shareholders that own Common Shares as part of a straddle, hedging transaction, conversion transaction, constructive sale, or other integrated transaction; (vi) shareholders that acquired Common Shares in connection with the exercise of employee stock options or otherwise as compensation for services; (vii) shareholders that hold Common Shares other than as a capital asset within the meaning of Section 1221 of the Code (generally, property held for investment purposes); (viii) U. S. expatriates or former long-term residents of the United States; (ix) controlled foreign corporations and passive foreign investment companies; (x) shareholders subject to special tax accounting rules; (xi) shareholders that are partnerships or other pass-through entities (and investors in such partnerships and entities); (xii) shareholders that are subject to the alternative minimum tax; (xiii) shareholders that are S corporations (and shareholders thereof); (xiv) shareholders which are corporations organized outside the U. S., any state thereof or the District of Columbia that are nonetheless treated as U. S. taxpayers for U. S. federal income tax purposes; and (xv) shareholders that own or have owned, directly, indirectly, or by attribution, 5% or more, by voting power or value, of the outstanding Common Shares. Shareholders that are subject to special provisions under the Code, including shareholders described immediately above, should consult their own tax advisor regarding the U. S. federal, U. S. federal estate and gift, U. S. state and local tax, and non-U. S. tax consequences relating to the ownership and disposition of Common Shares.

If an entity or arrangement that is classified as a partnership (or a "pass-through" entity) for U. S. federal income tax purposes holds Common Shares, the U. S. federal income tax consequences to such partnership and the partners of such partnership of the ownership and disposition of Common Shares generally will depend in part on the activities of the partnership and the status of such partners. This summary does not address the tax consequences to any such partner or partnership. Partners of entities or arrangements that are classified as partnerships for U. S. federal income tax purposes should consult their own tax advisors regarding the U. S. federal income tax consequences of the ownership and disposition of Common Shares.

Treatment of the Company as a U. S. Corporation

The Company believes that it should be treated as a U. S. domestic corporation for U. S