Setting up a geographic target for a vanity domain like .me, .io, .it etc. is confusing and this is the reason Matt Cutts has refrained from passing on a potential solution to the problem. Nowadays domains are being used for many purposes rather than directly being used for specific purpose based on the generic domains.
Here is a video by Google distinguished engineer, Matt Cutts which discusses the issue of setting geographic target in Google Webmasters Tools for vanity domains like ran.ge.
Also See:-
How to Set a Geographic Target for a Website
Google Tag Manager
Google Adwords Bidding
Multi Channel Funnel in Google Analytics
Google Working on Providing Examples of Unnatural Links to the Webmaster
How to Remove Url’s from Google Index
Free Seo Tools
PageRank Dissipation is Roughly the same between 301 Redirects and Normal Links
Google will continue to support Toolbar PageRank
Google Reminds of Taking Actions Against Sites that Sell PageRank
How to Create Backlinks that Google Loves
Seo Secrets
How to rank in Google
Google Disavow Links Tool
