GENTOR RESOURCES INC.

Raised CAD$2.16 million through a brokered offering priced at CAD$1.00/unit with CAD$1.25 warrants - notably higher pricing than the roughly $0.50-0.90/unit raises through 2010, reflecting a stronger share price a year into the Oman pivot.

capital raising announcement

Raised a further $4.49 million from investors in January 2011, continuing to fund the buildout of the Oman copper project.

capital raising announcement

Sold a further $2.75 million of units (3.66 million units) to non-US investors through late November 2010, part of the same financing push.

capital raising announcement

Announced completion of a $5.25 million private placement, the largest raise yet since the Oman pivot, continuing to fund exploration there.

capital raising announcement

Raised a further $2.08 million from two non-US investors (2.78 million units at roughly $0.75) to keep funding the Oman project.

capital raising announcement

Raised $2 million from a single non-US investor (4 million units at $0.50) to advance the new Oman copper project.

capital raising announcement

Closed the APM Mining acquisition, gaining the Oman copper exploration rights. Alongside the closing, founder and president Lloyd Bardswich and director Kitt Dale resigned; Banro Corporation CFO Donat Madilo was appointed the company's new CFO - a full changing of the guard accompanying the pivot to Oman.

asset acquisition disposition

Agreed to acquire APM Mining Ltd. from Arabian Peninsula Projects Ltd. for 10.36 million restricted shares, gaining earn-in rights to copper exploration ground in the Sultanate of Oman - a major strategic pivot away from the Idaho moly-tungsten project.

material agreement

Published a maiden NI 43-101 inferred resource for the Idaho Moly Project: 5.7 million tons grading 0.15% molybdenum, based on the 21,000-foot drill program completed that May - the first formal resource estimate for the deposit.

resource reserve update

A step-out hole extended the known molybdenum mineralization about 800 feet east and returned the longest moly intercept yet, 1,586 feet averaging 0.135% MoS2 - a sign the deposit is larger than initially thought.

drilling result

More high-grade assays from Idaho: a 10-foot intercept grading 1.448% MoS2, 4.22 oz/ton silver and copper credits, continuing to confirm the moly-tungsten-silver mineralization.

drilling result

Reported strong first assay results from the renamed "Idaho Moly Project": significant molybdenum, tungsten and silver mineralization across two drill holes, with the best zone assaying 0.84% MoS2 over 10 feet.

drilling result

Gentor's subsidiary Gentor Idaho took an option, assigned by company president Lloyd Bardswich's own LLC, to lease and eventually buy a historic tungsten mine near Patterson, Idaho for up to $5 million in staged payments, plus a 3-5% royalty to the original claim owner. The mine was once the fifth-largest US tungsten producer before closing in 1957.

material agreement