Company: GNTOF
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001062993-25-008252
Chunk: 34

Company: GENTOR RESOURCES INC.
Filing Date: 2025-04-30
Form: 20-F
Item: Item 10
Chunk 34
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. court decisions that are applicable and, in each case, as in effect and available, as of the date of this summary. Any of the authorities on which this summary is based could be changed in a material and adverse manner at any time, and any such change could be applied on a retroactive or prospective basis which could affect the U. S. federal income tax considerations described in this summary. This summary does not discuss the potential effects, whether adverse or beneficial, of any proposed legislation that, if enacted, could be applied on a retroactive or prospective basis.

U. S. Holders

For purposes of this summary, the term "U. S. Holder" means a beneficial owner of Common Shares that is for U. S. federal income tax purposes:

(i)an individual who is a citizen or resident of the U. S.;

(ii)a corporation (or other entity taxable as a corporation for U. S. federal income tax purposes) organized under the laws of the U. S., any state thereof or the District of Columbia;

(iii)an estate whose income is subject to U. S. federal income taxation regardless of its source; or

(iv)a trust that (A) is subject to the primary supervision of a court within the U. S. and the control of one or more U. S. persons for all substantial decisions or (B) has a valid election in effect under applicable U. S. Treasury Regulations to be treated as a U. S. person.

Non-U. S. Holders

For purposes of this summary, a "non-U. S. Holder" is a beneficial owner of Common Shares that is not a U. S. Holder and is not treated as a partnership (or entity or arrangement classified as a partnership) for U. S. federal income tax purposes.

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U. S. Holders Subject to Special U. S. Federal Income Tax Rules Not Addressed

This summary does not address the U. S. federal income tax considerations to Company shareholders that are subject to special provisions under the Code, including the following: (i) shareholders that are tax-exempt organizations, qualified retirement plans, individual retirement accounts, or other tax-deferred accounts; (ii) shareholders that are financial institutions, underwriters, insurance companies, real estate investment trusts, or regulated investment companies; (iii) shareholders that are broker-dealers, dealers, or traders in securities or currencies that elect to apply a mark-to-market accounting method; (iv) shareholders that have a