TORONTO,
Feb. 15, 2012 /PRNewswire/ - Gentor
Resources, Inc. ("Gentor" or the "Company") (TSX-V - "GNT" &
OTCQB - "GNTO") announces that it has granted to an officer of the
Company (who is also a director of the Company), pursuant to the
terms of the Company's stock option plan, 200,000 stock options,
each such stock option entitling the holder to purchase one common
share of the Company at a price of Cdn$1.09 for a period of five years, subject to
receipt of certain TSX Venture Exchange and shareholder
approvals.
These securities have not been and will not be
registered under the United States
Securities Act of 1933, as amended, (the "U.S. Securities
Act") or any state securities laws and may not be offered or sold
within the United States or to
U.S. Persons unless registered under the U.S. Securities Act and
applicable state securities laws or an exemption from such
registration is available. This press release does not
constitute an offer to sell or a solicitation of an offer to buy
any of the securities in the United
States or to U.S. Persons.
About Gentor
Gentor is a mineral exploration company whose
projects include copper and gold properties in the Sultanate of
Oman and a
molybdenum-tungsten-silver property in East Central Idaho,
U.S. The Company's strategy is to create shareholder value by
developing highly prospective mineral properties around the globe,
with current focus in the Sultanate of Oman. In Oman, Gentor is partnered with Al Fairuz
Mining Company LLC on its Block 5 exploration tenement and Al Zuhra
Mining Company LLC on Block 6.
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE Gentor Resources Inc.
