History
Ranger Gold briefly became a Nevada gold explorer in 2009, gave up its claims by 2013, went dormant, and returned as a small reporting shell with restatements.
2009-2010: From shell to gold explorer
The company began as Fenario, Inc., a dormant shell. In November 2009 Gurpartap "Gary" Singh Basrai bought 55.5% of it from its founder for $152,500 and became CEO, while the earlier officers and directors resigned. Later that month it optioned the CX Property in Nye County, Nevada (72 unpatented claims) from MinQuest, Inc. The deal allowed up to $480,000 in option payments and $2.5 million of exploration spending over ten years, with MinQuest keeping a 3% royalty. That turned the shell into a gold explorer, and it became Ranger Gold Corp.
In April 2010 it optioned a second MinQuest property, the Truman Property in Mineral County (52 claims), on similar terms, with roughly $510,000 in option payments. Later that month a private placement raised $500,000 at $1.25 a share, more than eight times the price of placements two months earlier.
2011-2019: Retreat and silence
The enthusiasm did not last. Shares on issue stood at 48,020,000 through 2011 to 2014. In February 2012 Ranger Gold ended its CX option after a completed drill program showed the ground did not fit its plans, and the property went back to MinQuest. In February 2013 it also gave up the Truman option, citing inability to meet the required payments, which ended the MinQuest relationship. On the same day it took a 20-year lease on the Gent Property in Lander County from Nevada Mine Properties II, for $5,000 to sign and $5,000 a year, with minimal spending required until year five.
The record then goes quiet. In September 2019 the company deregistered its securities, ending its duty to file reports with the SEC.
2022-2026: A revived shell
The company re-registered as an SEC reporting company in August 2022. Share counts show 248,020,000 shares by 2021, but the beats do not explain that rise, nor a fall to 242,669,234 in 2024. In November 2023 it said its fiscal 2022 financial statements could no longer be relied on, because management had paid some company expenses from personal accounts without recording them. The board called it an honest error, not fraud. In July 2024 the same problem forced a second restatement, of the December 2023 quarter.
As of August 2026 the company reported no revenue and quarterly losses of $4,000 to $26,000, and it filed reports late repeatedly. President Bryan Glass had been buying shares on the open market. No filing describes a current mineral project.
Written from the 9 story beats below (2009 to 1 July 2024), which come from the company's own announcements and filings.