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LKA Gold Insiders to Convert 7.5% Convertible Debentures to Common at Reduced Conversion Price

By March 26, 2018April 12th, 2018No Comments

GIG HARBOR, Wash., March 26, 2018 /PRNewswire/ LKA Gold Incorporated (OTCQB:LKAI) reports that certain of the Company’s largest shareholders and insiders have agreed to convert their 7.5% convertible debentures, plus accrued interest, to LKA common stock at a price of $.20 per share. When originally issued, the debentures carried a conversion price of $.50 per share. All LKA debenture holders and certain of the Company’s unsecured creditors will be offered this same reduced conversion price until 6:00 PM PDT on April 30, 2018.

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