Koski Family purchases additional 2.7 million LKA shares to fund drilling of Kinross’s previously identified but undrilled targets. Insider ownership now exceeds 72%
Gig Harbor, WA–LKA Gold Incorporated (OTCQB:LKAI)reports that the Koski Family Limited Partnership (“KFLP”) recently purchased, in a private placement, another 2,702,703 shares of LKA common stock from the Company at a price of $.185 per share. The proceeds are intended to assist the Company in its plans to follow-up the drilling program initiated by Kinross during 2016-2017. Six potential high-grade zones, previously identified by Kinross, remain largely untested. See more about LKA’s exploration program below.