On May 8, 2019, Gentor Resources Inc. (TSXV:GNT) closed the transaction. The company issued 5,000,000 common shares for gross proceeds of CAD 250,000 in the transaction. The transaction included participation from 2 placees, including Arnold T. Kondrat, Chief Executive Officer, president, and director of the company for 3,000,000 common shares for CAD 150,000. All the securities issued in the transaction are subject to a hold period of four months.