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International Ranger Corp. Expands Land Position Adjoining its Foghorn Polymetallic Project
Jun 20, 2006 8:00:00 AM
VANCOUVER, BRITISH COLUMBIA -- (MARKET WIRE) -- 06/20/06 -- International Ranger (PINK SHEETS: IRNG) is pleased to announce it has increased its land position by optioning the 1860 hectare "Sunrise" group of claims, adjacent to its Foghorn Polymetalic Project from a private individual. The Foghorn Project includes the Rexspar Uranium and Flourite Deposits. Ranger can ear a 100% interest in the Sunrise Property by making $30,000 in cash payments and issue 650,000 shares of its capital to the vendor, and complete $250,000 of work on the property over a 4 year period. The vendor retains a 1.5% Net smelter return of which 0.75% can be purchased for one million dollars.
The company would also like to announce it has completed a Non Brokered Private Placement of $730,000 Dollars. The terms of the offering were .12 per unit. Each unit consisted of one share and one share purchase warrant exercisable @ .20 for a period of two years. The funds will be used to further its exploration programs and for general working capital.
Safe Harbour Statement under the Private Securities Litigation Reform Act of 1995: The Statements contained herein which are not historical fact are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, risks detailed from time to time in Ranger's filings with the Securities & Exchange Commission.
On behalf of the Board,
Kevin Beaulieu
Contacts:
International Ranger Corp.
Kevin Beaulieu
(604) 608-6314
www.internationalranger.com
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