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

Company: GENTOR RESOURCES INC.
Filing Date: 2025-04-30
Form: 20-F
Item: Item 6
Chunk 20
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 the Company during the financial year ended December 31, 2024 for their services in their capacity as directors.

The Company's directors are eligible to receive stock option grants under the Company's stock option plan, as determined by the board of directors of the Company (the "Board"). The exercise price of such stock options is determined by the Board, but shall in no event be less than the last closing price of the Company's common shares on NEX prior to the date the stock options are granted.

All directors of the Company are entitled to receive reimbursement for reasonable out-of-pocket expenses related to their attendance at meetings or other expenses incurred for Company purposes.

Director Summary Compensation Table

The following table sets out certain information with respect to compensation of each of the Company's directors in the year ended December 31, 2024, other than Mr. Kondrat. See "Named Officers - Summary Compensation Table" above for details regarding the compensation of Mr. Kondrat during 2024.

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  Name                    Fees earned      Share-based      Option-based      Non-equity          All other         Total  
                          (US$)            awards           awards (1)        incentive plan      Compensation      (US$)  
                                           (US$)            (US$)             compensation        (US$)                    
                                                                              (US$)                                        
  Richard J. Lachcik      Nil              N/A              Nil               N/A                 Nil               Nil    
  William R. Wilson       Nil              N/A              Nil               N/A                 Nil               Nil    
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(1)The Company did not grant any stock options in 2024.

Incentive Plan Awards

As at December 31, 2024, the Company did not have outstanding any option or share-based awards,

During the year ended December 31, 2024, the Company did not have any option-based awards, share-based awards or non-equity incentive plan compensation which vested or was earned.

Other Information

Neither the Company nor its subsidiaries provides pension, retirement or similar benefits.

C. Board Practices

Each director of the Company holds office until the close of the next annual meeting of shareholders of the Company following his election or appointment, unless his office is earlier vacated in accordance with the articles of association of the Company. See Item 6. A. of this Form 20-F for the dates the directors of the Company were first elected or appointed to