The Board has determined that it would be in the best interests of the Company to carry out the Share Consolidation in order to assist in attracting additional capital for the Company. After giving effect to the Share Consolidation and based on the number of common shares of the Company which are currently outstanding (which is 72,253,840 common shares), the Company will have either approximately 36,126,920 (if the two to one ratio for the Share Consolidation is selected by the Board) or 24,084,613 (if the three to one ratio for the Share Consolidation is selected by the Board) common shares issued and outstanding, subject to the rounding of fractional shares pursuant to the Share Consolidation. The Company's name will not be changed in conjunction with the Share Consolidation. Shareholder approval and the acceptance of the
Gentor is a mineral exploration company with copper exploration properties in
For further information, please visit our website at www.gentorresources.com.
FOR FURTHER INFORMATION PLEASE CONTACT:
Gentor Resources Inc. Arnold T. KondratPresident & CEO + 1 (416) 366 2221 or + 1 (800) 714 7938 www.gentorresources.com Source: Gentor Resources Inc.