Company: GNTOF
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001062993-25-008252
Chunk: 22

Company: GENTOR RESOURCES INC.
Filing Date: 2025-04-30
Form: 20-F
Item: Item 6
Chunk 22
---
 December 31, 2023 and December 31, 2022:

  Location                        Dec. 31,      Dec. 31,      Dec. 31,  
                                      2024          2023          2022  
 ────────────────────────────────────────────────────────────────────────
  Gentor executive office in             3             3             3  
  Totals:                                3             3             3  

Neither the Company nor any of its subsidiaries has any unionized employees.

Neither the Company nor any of its subsidiaries employ a significant number of temporary employees.

E. Share Ownership

The following table sets out the number of common shares held by the Company's directors and officers as of April 22, 2025 (including the percentage of the Company's outstanding common shares represented by such shares). As of April 22, 2025, the Company did not have outstanding any stock options or common share purchase warrants.

  Name                       Number of      Percentage of  
                                Common        Outstanding  
                          Shares Owned      Common Shares  
 ───────────────────────────────────────────────────────────
  Geoffrey G. Farr             350,000               0.9%  
  Donat K. Madilo              212,500              0.55%  
  Arnold T. Kondrat         20,033,188             51.49%  
  Richard J. Lachcik           600,000              1.54%  
  William R. Wilson             70,000              0.18%  

-17-

Equity Compensation Plans

The Company has a stock option plan (the "Option Plan"). As of April 22, 2025, there were no stock options outstanding under the Option Plan. The following is a summary of certain terms of the Option Plan.

(a)Stock options may be granted from time to time by the Board to such directors, officers, employees and consultants of the Company or a subsidiary of the Company, and in such numbers, as are determined by the Board at the time of the granting of the stock options.

(b)The total number of common shares of the Company issuable upon the exercise of all outstanding stock options granted under the Option Plan shall not at any time exceed 10% of the total number of outstanding common shares, from time to time.

(c)The exercise price of each stock option shall be determined in the discretion of the Board at the time of the granting of the stock option, provided