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LKA Gold Insiders Continue to Accumulate Shares
LKA Gold Insiders Continue to Accumulate Shares.
About this update from Lka Gold Inc
[{"type":"text","content":"\n\n\n\nLKA Gold Insiders Continue to Accumulate Shares\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nLKA Gold Insiders Continue to Accumulate Shares\nKoski family members purchase LKA shares in open market transactions.\nPR Newswire\nGIG HARBOR, Wash., Jan. 29, 2018\n\n\n\nGIG HARBOR, Wash., Jan. 29, 2018 /PRNewswire/ -- LKA Gold Incorporated (OTCQB: LKAI) reports that certain members of the Koski family informed the Company of open market purchases of LKA shares. Over the previous 90 days, 85,700 shares were purchased in market transactions at various prices between $0.18 - $0.25 per share. \n\nRegarding the purchase of additional LKA shares, Mr. Robert C. Koski commented, \"Kinross's withdrawal from the Exploration and Option Agreement presents a unique opportunity for LKA. Kinross performed very useful and expensive services in its geological evaluation and first round of drilling at the Company's Golden Wonder mine. This work is now the property of LKA at no cost to the Company. This presents LKA with the opportunity to complete the Golden Wonder drilling program at its own expense, without the requirement to share any discoveries. LKA is back in the position of 100% control, and benefit, of any discoveries, instead of only a 35% interest it was previously entitled to under the Kinross-LKA agreement.\"  \n\nAbout the Koski Family The Koski Family Limited Partnership (\"KFLP\") was organized in 1996 by members of the Robert E. Koski family as a vehicle for managing family assets and making strategic investments in a variety of industries. KFLP owns substantial equity interests in Sun Hydraulics Corporation (NASDAQ:SNHY), Oragenics, Inc. (NYSE:OGEN), nMetric, LLC, and other private companies. KFLP and members of the Koski family individually are LKA's largest shareholders. Recent purchases of LKA shares bring Koski family ownership to 8,785,700 shares which represents approximately 46% of LKA's total issued and outstanding shares of 19,261,717. (This ownership position does not include the purchase of $400,000 in LKA 7.5% Convertible Debentures which are conver...