Company: GNTOF
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001062993-25-008252
Chunk: 61

Company: GENTOR RESOURCES INC.
Filing Date: 2025-04-30
Form: 20-F
Item: Item 19
Chunk 61
---
 value of $0.0008per share. Each common share entitles the holder to one vote and no holder of the common shares shall be entitled to any right of cumulative voting.
b)Issued Share Capital
As of December 31, 2024, the Company had38,906,742issued and outstanding common shares (December 31, 2023 -38,906,742).
c)Stock-Based Compensation
The Company has a stock option plan (the "Plan"). Stock options may be granted under the Plan from time to time by the board of directors of the Company 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. The total number of common shares of the Company issuable upon the exercise of all outstanding stock options granted under the Plan shall not at any time exceed 10% of the total number of outstanding common shares, from time to time. The exercise price of each stock option granted under the Plan shall be determined in the discretion of the board of directors of the Company at the time of the granting of the stock option, provided that the exercise price shall not be lower than the last closing price of the Company's common shares on the TSX Venture Exchange prior to the date the stock option is granted.
In June 2019,1,000,000stock options were granted under the Plan to the Company's officers and directors. Each such stock option entitles the holder to purchase one common share of the Company at a purchase price of $0.05(Cdn$0.065) for a period of5years. The options vested on the four month anniversary of the grant date. These options expired in June 2024.
In July 2019,40,000stock options were granted under the Plan. Each such stock option entitles the holder to purchase one common share of the Company at a purchase price of $0.05(Cdn$0.065) for a period of5years. The options vested on the four month anniversary of the grant date. These options expired in July 2024.
The following table summarizes the stock option information for the years ended December 31, 2024 and 2023:
Weighted average
Weighted average Weighted remaining
Number of exercise price average fair contractual life
options ($Cdn) value ($Cdn) (in years)
Closing Balance, December 31, 2022