LKA Gold Incorporated (OTCPK:LKAI) announced a private placement of issued 20,834 units for the gross proceeds $10,000 in July 2017. Each unit consists of one common share and a warrant to purchase an additional common share of the company at an exercise price of $0.60 for a period of two years. The company will receive minimum investment of $10,000 and additional investment in increments of $5,000.