International Ranger Corp. Amends Letter of Agreement to Acquire Four Corners Uranium Project
International Ranger Corp. (PINK SHEETS: IRNG) is very pleased to announce it has amended the “letter of Agreement” to acquire 100% interest the Four Corners Project located east of the San Rafael Reef in the Green River (Four Corners) Mining District (the “District”) of Emery County, Utah, which was announced May 14, 2007. The Project was acquired at arms length from Energy LLC and E. John McDonald & Associates, LLC, both of Moab, Utah. The amended terms are that Ranger will pay up to $650,000 in staking and BLM fee’s, which have been made and make cash payments of $500,000 over 4 years. $50,000 year one, $50,000 year two, $100,000 year three, $250,000 year four. Ranger will also issue 3 million shares. 1,000,000 on closing, which has been done, and 500,000 for the next Four years.
The general geographic area of the project lies north of Interstate 70 in Emery County, Utah, about 15 miles west of the City of Green River, Utah, at the base of the San Rafael Swell and to the east of the San Rafael Reef. Numerous Uranium mines were worked by Atlas Corporation and others in the past to the south of the Project area.
On Behalf of Board of Directors
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 Rangers filings with the Securities & Exchange Commission.
Contacts: International Ranger Corp. Kevin Beaulieu 1-877-324-7245 Website: www.internationalranger.com
SOURCE: International Ranger Corp.