Important upcoming news for Solitario will be the completion of the Bongará Zinc Project Preliminary Economic Assessment (“PEA”). Reduces shareholder risk by diversifying Solitario’s asset base.Increases the Company’s exploration potential upside.Reduces development risks as both projects are located in favorable jurisdictions with experienced zinc producing joint venture partners.The inferred resource category increases from approximately 970 million pounds of attributable zinc-equivalent to 1.7 billion pounds of attributable zinc-equivalent.Solitario goes from a company with just over 361 million pounds of attributable zinc-equivalent in the measured and indicated resource category to one with over 2.76 billion pounds of attributable zinc-equivalent.The combination creates an exciting new zinc-focused company with two advanced high-grade zinc projects that more than triples the Company’s measured, indicated and inferred zinc equivalent resources.Key investment highlights of the Zazu acquisition include: The Arrangement was approved by the Ontario Superior Court of Justice (Commercial List) on July 7, 2017, after overwhelming approval by both Solitario and Zazu shareholders on J(see Solitario’s press release dated June 29, 2017). (NYSE MKT:XPL TSX:SLR) ("Solitario") and Zazu Metals Corporation (TSXV:ZAZ) ("Zazu") are pleased to announce that Solitario has completed its acquisition of Zazu Metals Corporation (“Zazu”) pursuant to the plan of arrangement (“Arrangement”) previously announced on April 27, 2017. Soaring rents can range from $2 to $2.25 per square foot in addition to costs for maintenance and taxes, often referred to as “triple net.” Just opening a restaurant usually costs at least $150,000, and profit margins are typically slim.DENVER, & VANCOUVER, British Columbia-( BUSINESS WIRE)- Solitario Exploration & Royalty Corp. “It’s a very hard time to be in the restaurant business,” she said. Natural disasters like fires and floods notwithstanding, restaurants already face significant hurdles just to stay open in high-cost parts of Sonoma County, according to former chef Lisa Hemenway, who now works in commercial real estate. “We have to come up with a really substantial amount of money to reopen,” said Stewart. Village Bakery, an anchor tenant, has signaled it hopes to reopen by early summer.įriends and family of the Zazu owners set up crowdfunding sites that have brought in an estimated $70,000 so far, but the couple says that’s well below what it would cost to open the doors again. Barrio owner Carlos Rosas and Village Bakery owner Patrick Lum said Barlow management have been responsive and financially helpful. Cofield Cheese and several retail businesses. Their exit comes in the midst of several Barlow reopenings in the past two weeks, including Barrio Cocina Fresca and Community Market, along with Wm. Zazu was swamped with 22 inches of water contaminated with gasoline and farm-runoff, requiring extensive cleanup, especially for food purveyors. Nearly half of the roughly three dozen businesses in the chic shopping area were affected by floodwaters, with a handful declared a total loss. He said other restaurateurs have already shown interest in the Zazu location. They’ve worked super hard and we’ve been glad to have them, but if they’ve officially decided to move on … there’s not much that I can do.” “I want to be supportive of John and Duskie. I’ve been rebuilding their restaurant,” said Aldridge. He said the rent-due notice sent to Stewart and Estes was in response to a letter from the couple’s attorney stating that they were not reopening.Ĭalls to the couple’s attorney were not returned Thursday. He said he remained committed to Zazu’s reopening, having hired workers to put up drywall and sanitize equipment. Zazu had several years left on its long-term lease, and its departure is the most significant exit yet of a flood-affected business at The Barlow.Īldridge said he was shocked to see trucks pulling up to the restaurant Thursday morning and removing equipment.
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