Gentor Resources Inc. has made several corporate and board changes effective immediately. Arnold Kondrat, currently Executive Vice-President, has been appointed President and Chief Executive Officer of the company replacing Dr. Peter Ruxton. Dr. Ruxton will continue as a director on the board of directors of the company.
Mr. Kondrat has been Executive Vice-President and a director of Gentor for the past 7 years. He has been involved in corporate finance activities for over 25 years. He is also President and Managing Director of Sterling Portfolio Securities Inc., a private venture capital firm based in Toronto. Mr. Kondrat is a founding director of Banro Corporation, Delrand Resources Limited and Loncor Resources Inc. Two new directors, Richard Lachcik and Bill Wilson, have been appointed to Gentor's board, replacing David Twist and Rudolph de Bruin.