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GIG HARBOR, Wash., Oct. 9, 2015 /PRNewswire/ — LKA Gold Incorporated (OTCQB:LKAI) reports that it recently finalized a private placement of 7.5% convertible notes (the “Notes”) with certain members of the Koski family. The Notes carry an interest rate of 7.5% per annum with a 3-year term and are convertible, at any time by the Note holder, into LKA common stock at the rate of $.50 per share.