June 20 (Reuters) - Gentor Resources Inc GNT.V :
* GENTOR SIGNS SETTLEMENT AGREEMENT FOR DEFERRED CONSIDERATION RELATING TO SALE OF OMAN PROPERTIES IN 2014
* CONSIDERATION FOR OMAN SALE WAS COMPRISED OF A CASH PAYMENT OF US$800,000, WHICH WAS PAID TO GENTOR ON CLOSING
* GENTOR- UNDER SETTLEMENT AGREEMENT, CO, SAVANNAH HAVE AGREED TO FULLY SETTLE DEFERRED CONSIDERATION IN EXCHANGE FOR PAYMENT TO CO BY SAVANNAH OF $100,000
* GENTOR- UNDER AGREEMENT, CO, SAVANNAH AGREED TO SETTLE DEFERRED CONSIDERATION IN EXCHANGE FOR ISSUANCE TO CO BY SAVANNAH OF $200,000 OF SAVANNAH SHARES