International Ranger Corp. Enters Into Agreement to Acquire Uranium Project
30 January 2009 - 1:00AM
Marketwired
International Ranger Corp. (PINK SHEETS: IRNG) is pleased to
announce it has entered into a standstill agreement with a private
USA Company, Future Energy LLC. (FELLC)
The terms are that FELLC owns 802 unpatented load claims and
four State Sections in the state of Utah. Ranger has 30 days to
complete its due diligence on the project. This term can be
mutually extended if need be and both parties agree.
The property is strategically located in a prime uranium region
on the Colorado Plateau, and has been the site of extensive
exploration over the past 60 years. The 802 unpatented lode claims
and Four Utah State Sections total 28 square miles.
The first reported uranium exploration was done by individuals
in the 1950s. In the 1950s, the Atomic Energy Commission drilled
shallow holes in Mineral Canyon. Future Energy has preliminary data
on these drill holes. In the 1970s, several companies, including
the Tennessee Valley Authority (TVA), Exxon Corporation, and
Morrison Nuclear Company, drilled more than 700 holes, to depths of
600 to 1200 feet. Exploration ceased after the incident at the
Three Mile Island nuclear reactor, and no recent exploration has
evidently been done.
On Behalf of Board of Directors
Jason Walsh
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
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