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Gentor announces TSX Venture Exchange Listing and completion of financings for US$3.39 million

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Overview

Client

GMP Securities L.P.

Gentor Resources, Inc. (Gentor) has had its application to list its common shares on the TSX Venture Exchange accepted, and Gentor's common shares commenced trading on the TSX Venture Exchange on November 7, 2011 under the trading symbol "GNT". Gentor has also completed its previously announced brokered private placement equity financing. The brokered financing was conducted by GMP Securities LP as agent, and Gentor issued 2,163,000 units at a price of $1.00 per unit for total gross proceeds of $2.16 million. Gentor also completed a non-brokered private placement, pursuant to which it issued 1,222,500 units at a price of $1.00 per unit for total gross proceeds of $1.22 million. The agent, GMP Securities LP, was advised by a team of Fasken Martineau lawyers that included, among others, Georges Dubé, Martin Fisher-Haydis, Alex Nikolic, Susan Newell and Sarah Goodwin (articling student).

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