Ranger Gold Announces Closing of Private Placement and Drilling Plans for Truman
CARSON CITY, NV–(Marketwire – Jan 27, 2012) – Ranger Gold Corp. (OTCBB:RNGC) is pleased to announce it has closed a non-brokered private placement of $300,000. The financing consists of 2,000,000 common shares issued at a price of $0.15 per share.
"We are pleased to complete this recent round of financing which places Ranger in position to commence our drill program on our Truman Property in the near future," said Ranger President Gary Basrai. "A drilling budget has been approved by the Board of Directors which includes drilling to cover approximately eight holes distributed among fifteen permitted drill sites on Truman."
For optimal drilling conditions, Ranger plans to initiate drilling on the Truman Property within the timeframe of late April to June of 2012.
About Ranger Gold Corp.
Ranger Gold Corp. (OTCBB: RNGC) is a US-based resource exploration company exploring for gold in proven gold regions of Nevada. It is focused on discovering and developing low-cost gold assets in order to provide maximum return for its shareholders.
Disclaimer: This announcement may contain forward-looking statements which involve risks and uncertainties that include, among others, limited operating history, limited access to operating capital, factors detailed in the accuracy of geological and geophysical results including drilling and assay reports; the ability to close the acquisition of mineral exploration properties, and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. More information is included in the company's filings with the Securities and Exchange Commission, and may be accessed through the SEC's website at http://www.sec.gov