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How To Get Funding For A StartUp Business : A Complete Guide
Before discussing ways to get funding for a startup business, let us first understand the importance of funding or capital.
"Start-up financing is not just about raising funds, it is a holistic process that involves proper business planning with thoughtful growth targets, deciding business valuation as per the current market standards, planning potential exit options for investors." – Nucleus Partners
A startup refers to a newly started business & essentially involves new products, ideas or techniques.
Funds are rightly said to be the lifeblood of a business. A startup business, in order to get incorporated, commence and continue its operations requires a sizeable amount of funds.
As per a research, overall 90% of the start-ups fail & 50% of all startups fail within the first five years of starting their businesses. One of the major reasons for the failure of startups is the failure to raise funds.
At the outset, a startup has to ask itself whether it is a suitable venture where investors will like to invest their hard earned money. This is because the investors want 4 to 5X return on their startup investments.
A matter of regret is that 75% of the start-ups funded by venture capital fail to show investors a good return on their money.
Now, let's dive in & start exploring how to finance a startup business.
WAYS TO GET FUNDING FOR A STARTUP BUSINESS
1. Bootstrapping
Many start-ups are financed by owned funds by way of personal savings of the founders, and borrowings from family and friends. These businesses are known as "Bootstraps". Here are some examples of successful bootstrapped startups.
In the initial phases of the initiation of a business, bootstrapping, which is also known as self-financing, is an effective means of financing the business.
But this is not possible always.
When a business grows, it needs huge funds, which the founders are not able to provide from their own pockets. Thus, in order to meet substantial financial requirements, the business has to raise funds from outside sources.
An issue that arises here is that how the entrepreneur can be able to convince the investors to invest in his/her venture. For this purpose, the entrepreneur has to first invest his/her own money and also invite his/her family and friends to invest in the business. This practice instills confidence in the minds of the outside investors.
When the prospective investors see that the founder himself/herself is interested in the business and his/her family and friends also show interest in it, they get a feeling of security and start investing there.
2. Business Partner Funding
If starting the business with own funds seems difficult, the entrepreneur may decide to have a business partner.
Over the past few years, more than half of Inc 500 CEOs said they started their companies with partners.
A business partner or a co-founder can not only provide startup capital but also the much needed human capital.
A co-founder, apart from infusing fresh capital, should possess the following skills:
But, how do you find a suitable co-founder?. The answer is Networking. Try to shortlist some suitable candidates from the pool of your friends & colleagues.
Alternatively, you may consider using platforms like CoFoundersLab.
3. Bank Loan
A bank loan is one of the most preferred sources of raising borrowed funds for startups.
Banks offer both long-term and working capital loans in different forms to the entrepreneurs. For this purpose, the bank verifies the start-up's credit score, business plan, project report, project viability, prospects of the business, etc.
The loan can be extended in varied forms such as term loans, cash credit, overdraft, letters of credit, equipment leasing, bills discounting, etc.
Remember, a bank loan may be one of the easiest ways to raise funds but it involves considerable risk. You should not be opting for this funding method until unless your startup is breaking-even.
Unlike angel & VC investing, you have to repay bank loan & that too with a double-digit interest rate.
Having said that, bank loan as a source of funds has got one huge advantage. That is non-dilution of your equity capital. Yes, as the case with angel & venture funding, you won't be giving equity shares to your bankers.
Startups in the USA can avail low-interest bearing, long-term loans guaranteed by SBA. Started in 1953, SBA is an independent agency of the US Federal Government that assists the Americans to start, build and grow businesses. SBA doesn't give direct loans or grants but guarantees the loans given by financial institutions that are in line with its prescribed guidelines.
SBA 7(a) loan is one of the most popular forms of small business loans. The Federal Agency provides guarantees on these loans. Since these loans are secured by Government guarantee, the lenders offer SBA 7(a) loans at lower interest rates.
Microloans up to $50,000 are provided by SBA to the eligible startups to finance their businesses. These loans should be repaid within 6 months.
SBA's average loan amount in 2016 was $3,75,000.
Summary of SBA loan types:
Loan typeWhat you need to know7(a) loan program (SBA's flagship loan program)
Federally guaranteed term loans of up to $5 million
Funds for working capital, expansion, equipment purchases
Processed through banks, credit unions, specialized lenders504 loan program
Federally guaranteed loans of up to $5 million
Funds for buying land, machinery, facilities
Processed through private-sector lenders and nonprofitsMicroloans
·Loans of up to $50,000
·Funds for working capital, inventory, equipment, starting a business
·Processed through community-based nonprofitsSBA disaster loans
Loans of up to $2 million
Funds for small-business owners affected by natural disasters and other emergencies
Processed through the SBA
Source: https://www.nerdwallet.com/blog/small-business/small-business-loans-sba-loans/
4. Angel Investment
An angel investor is a highly affluent individual who invests his/her personal savings in a highly risky startup.
Angel investment generally is made before the startup generates revenue or profits, in exchange for a share in the company's equity.
Since angel investors are individuals, they can't provide a huge amount of investment to the startups. Business angels typically invest between $25000 and $100000, though they may sometimes invest below or above the given extremes.
In order to understand how angel investors work, we have to consider the following example.
Mr. A has a good and feasible business project idea but he doesn't have adequate personal savings to finance the business. Thus he approaches Mr. C, who is a relative of one of the friends of Mr. A, for funds. Mr. C is a rich person and is a successful businessman. He appreciates the business idea of Mr. A and sees high growth perspective in it and invests $100000 in Mr. A's business in exchange for 30% stake in the equity of the company.
Jeff Bezos and Paul Buchheit are two big examples of angel investors.
Angel investors are most desirable for companies who face financial hardship during their initial stages of business.
Since such investors provide funds mostly against equity stake, the company doesn't have any fixed financial obligation (such as interest or installments of principal that could arise in case of debt financing) and can focus upon long-term success.
You may consider using platforms like Angel.Co for pitching to angel investors.
5. Venture Capital
Venture capital is a sort of equity financing that is provided by investment banks and other financial institutions to startups and small companies having high growth potential.
These investors are known as venture capitalists.
As we know, the return is directly proportional to risk. Thus venture capitalists invest in companies having high risk-return profiles, expecting better returns in the long-run to compensate for the risks undertaken. But at the same time, they take calculated risks and satisfy themselves about the growth potential of the client.
Before taking the investment decisions, the venture capitalists evaluate the following:
The viability of the project
Prospects in the long run
Skill and potential of the management
Product's usefulness
The total addressable market
Opportunities for expansion and growth, etc.
They may provide funds either all at a time or in rounds.
Besides providing funds, some venture capitalists also extend support through managerial and technical assistance. They advise and monitor the progress and performance of the client to safeguard their interest in the business.
A venture capital firm is a collective group of investors who contribute to a common fund which is then used to invest in small businesses and startups. The investors are known as limited partners and the firm as a limited partnership.
Venture capitalists come after angel investors and invest in companies which are already generating some revenue and profit.
Usually, newly established companies face problems to raise capital by making IPO because they are new in the industry and people may not keep faith in them.
Thus, by providing financial support to startups, venture capitalists act as catalysts in the growth of industry and economy of a nation. Once the company grows up and become 4 to 6 years old in the industry, the venture capital firm exits on the company making a public offer of securities.
Venture capital funding can be provided in different rounds or series (usually named in alphabets i.e. A, B and C). Usually, a company getting funding in series B indicates that the company has a higher valuation than a company getting funding under series A. Similarly, a company getting funding in series c indicates a still higher valuation.
Examples of Some of the biggest VCs in the world are Sequoia Capital, Benchmark Capital, General Catalyst, Accel Partners, etc.
6. Crowdfunding
As the name suggests, "crowdfunding" means funding a business from a large number of people called "crowd".
Crowdfunding is one of the non-traditional modes of financing start-ups. It is a method of raising funds in small amounts from a large number of investors, especially through the internet.
Crowdfunding is facilitated by a number of crowdfunding websites such as
Kickstarter,
CircleUp,
Indiegogo,
CrowdFunder,
GoFundMe,
RocketHub,
YouCaring.com,
FirstGiving, etc.
These websites provide suitable platforms where entrepreneurs can raise funds online to finance their businesses. Crowdfunding platforms act as links between entrepreneurs and investors. Thus, crowdfunding makes fundraising easier for all entrepreneurs who want funds for their businesses by providing access to thousands of investors. The investors in a crowdfunding platform are also known as backers.
With a view to mitigating the risk of loss of money of small savers, some countries like the US have imposed restrictions on the amount of money that an investor can invest in the crowdfunding platforms.
There are mainly three types of crowdfunding, viz.
Donation based
Here the backers contribute money, typically in small amounts to non-profit organizations working for the promotion of social causes or for charitable purposes. The backers get no economic benefit in return except wellbeing of the beneficiaries. Tax deductions are available for making contributions to donation based crowdfunding.
Reward based
Here the investors invest their money through crowdfunding in return for some rewards which are typically in the form of products/services dealt in by the company.
Equity based
This is the most popular type of crowdfunding where the backers invest their money in exchange for stakes in the equity of the business. Thus here the company sells its equity shares to the investors and obtains long term funds. The investors get a right to the profits of the company in the form of dividend and a share in the share capital of the company.
Debt based
Here the company raises funds from the crowd by selling them it's debt securities that carry fixed financial obligations on the part of the company to pay periodical interest and repay the principal on the maturity of the term of the borrowings.
Total Global Crowdfunding Industry estimated fundraising volume in 2015: $34 Billion
7. Business Incubators and Accelerators
Though these two terms are often used interchangeably, there exist several differences between the two.
Business Incubators are the organizations that work for promoting the growth of young entrepreneurs and startups. At the initial stages of startups, incubators provide various support services such as:
Office space to carry on business
Business direction and guidance,
Networking & connections, etc.
They provide business models and marketing plans for nurturing the start ups.
The International Business Innovation Association (InBIA) is an international non-profit organization that works for promoting the growth of start up companies by creating a wide base of incubators. It also conducts research and publishes statistical data on the incubation industry. It has about 2200 members across 62 countries.
To know more about InBIA visit https://inbia.org/.
Startup accelerators, also known as seed accelerators, are the institutions that accelerate the growth of existing companies already having business models in effect. They provide finance to the start up companies in exchange for a share in the equity of the company. Start-up acceleration programs include networking connections, mentorship, seed investments, educational components, etc.
7. Government Grants and Subsidies
The governments in different countries provide grants and subsidies to startups with a view to encouraging entrepreneurial activities.
In India, schemes such as Startup India and Standup India are in force that aims at providing necessary support to the Indian entrepreneurs. Similarly, SMEs can avail easy loans under Micro Units Development and Refinance Agency Ltd. (MUDRA) scheme of the Government of India.
Government grants are available in different forms; such as
Direct Grant
The Government may provide direct financial assistance to the startups to help them in financing equipment, setting up business in backward areas, exporting final output, etc.
The government may charge lower amount of tax or no tax on some startups to encourage entrepreneurship in that industry or to set up the business in specified areas.
Soft Loans
These are in the forms of loans at lower interest rates or less stringent terms and conditions.
To check out whether you are eligible for any government grant, visit https://www.grants.gov/.
8. Initial Public Offering (IPO)
Finally, when the company goes public and wants to raise a huge amount of funds from the general public, it can go for an IPO by getting its debt and equity securities listed on any stock exchange.
IPO means an offer of securities by a company directly to the public at large for a subscription. Here the company can raise as much money as required provided the public is interested to subscribe for the securities of the company.
This funding method is not so popular among startups. Why?. Because most countries, to protect general investors, have imposed strict regulatory conditions for raising funds via IPO.
Nevertheless, once your startup becomes eligible, IPO is something you should consider.
Funds being the lifeline of a business, need to be raised in appropriate amounts from appropriate sources.
Selection of the sources of funds depends on the specific requirements of the business. The entrepreneur should analyze the pros and cons of different sources of funds particular to the organization and choose those ones that best suit the business's requirements. Multiple sources can also be tapped at a time depending upon the requirements.
Further recommended read:
1. The Correct Way To Build Startup.
2. Difference Between Equity & Debt Financing
What are your thoughts on the aforesaid ways to get funding for a startup business? Please comment below.


VANCOUVER, British Columbia, Feb. 21, 2018 (GLOBE NEWSWIRE) -- Alio Gold Inc (TSX:ALO) (NYSE AMERICAN:ALO) ("Alio Gold" or the "Company"), today reported its fourth quarter and year end 2017 results. Production results were previously released on January 11, 2018. The Company will host a conference call at 11:00am EST today to discuss the results and the details of the call can be found at the end of the release.
Gold production of 83,558 ounces at all-in sustaining cost1 ("AISC") of $1,034/oz with gold production expected to increase to between 90,000 and 100,000 ounces at $1,000 to $1,100/oz AISC in 2018.
Net earnings of $11.9 million, or $0.30 per share.
Cash flow from operating activities after changes in non-cash working capital of $13.1 million.
Invested $17.3 million in development activity at the Ana Paula project, with $20 million in exploration and development expenditure planned for 2018.
Invested $20.9 million in revitalizing the San Francisco Mine, predominantly in waste stripping, with sustaining capital expected to decline to $2.5 to $3.0 million in 2018.
Cash and investments of $51.6 million, working capital2 of $61.7 million and no debt at December 31, 2017.
"2017 was a transformational year for the Company," said Greg McCunn, Chief Executive Officer. "On the corporate level we rebranded the company, changed the management team and strengthened the balance sheet with a C$50 million bought deal financing. Operationally, the San Francisco mine required a significant investment in waste stripping resulting in lower production than 2016 and higher cost, particularly in Q4 2017. However, the main San Francisco pit is now open on multiple mining faces and we are expecting between 90,000 and 100,000 gold ounces at AISC between $1,000 and $1,100/oz for 2018 with planned capital expenditures declining substantially to between $2.5 and $3.0 million.
Metal revenues for Q4 and the full year 2017 were $20.6 million and $105.2 million, respectively. This compares to Q4 and full year 2016 metal revenues of $31.0 million and $123.9 million, respectively. The decrease in revenues was a result of fewer ounces sold.
Production costs, which comprise the full cost of operations excluding depreciation and depletion, form a component of cost of sales and for Q4 and the full year 2017 were $16.9 million and $69.8 million, respectively. This compares to Q4 and the full year 2016 production costs of $18.9 million and $74.7 million respectively. The decrease was primarily a result of the increased deferred stripping.
Depletion and depreciation costs for Q4 and the full year 2017 were $1.1 million and $4.6 million, respectively. This compares to Q4 and the full year 2016 depletion and depreciation costs of $2.8 million and $14.3 million, respectively. The decrease was due to an improved mine plan, resulting in lower unit-of-production depreciation rates.
Earnings from operations for Q4 2017 decreased to a loss of $0.6 million and earnings from operations for the full year 2017 was $22.1 million. This compares to Q4 and the full year 2016 net earnings of $6.9 million and $37.4 million, respectively. The decrease was primarily due to a decrease in metal revenues due to fewer ounces sold.
Corporate and administrative expenses for Q4 and the full year 2017 were $3.2 million and $8.6 million, respectively. This compares to Q4 and the full year 2016 of $2.3 million and $7.6 million, respectively. The increase was primarily a result of the increase in the non-cash component of share-based payments.
Building of ore in-process inventory.
Cash and cash equivalents, and short-term investments at December 31, 2017, were $51.6 million. During the quarter, the Company used $2.2 million from operations at the San Francisco Mine ("Mine"), and at the Mine invested $6.6 million on expansionary capital expenditures, $1.6 million on sustaining capital expenditures, and $1.0 million on exploration and evaluation projects. At the Ana Paula Project ("Ana Paula") the Company invested $8.1 million. Also, the Company received $2.8 million net proceeds from the warrant exercise.
During the full year 2017, cash provided by the Mine was $13.1 million, and at the Mine invested $11.3 million on expansionary capital expenditures, $7.5 million on sustaining capital expenditures, and $2.1 million on exploration and evaluation projects. At Ana Paula the Company invested $17.3 million.
Working capital at December 31, 2017, was $61.7 million.
The Mine produced 16,070 gold ounces and 7,873 silver ounces in Q4 2017 compared to 25,287 gold ounces and 12,994 silver ounces in Q4 2016. The decrease was primarily a result of lower grade as mining was primarily from the early stages of Phase 5 of the San Francisco pit during Q3 2017.
For the full year 2017 the Mine produced 83,558 gold ounces and 38,911 silver ounces compared to 100,322 gold ounces and 56,326 silver ounces. The decrease was primarily a result of lower grade as mining was primarily from the early stages of Phase 5 of the San Francisco pit, as mining of Phase 1 of the La Chicharra pit was depleted.
The Mine's by-product cash cost in Q4 and full year 2017 was $1,041 per ounce and $831 per ounce, respectively. This compares to Q4 and full year 2016 of $716 per ounce and $734 per ounce, respectively. AISC for Q4 and full year 2017 was $1,357 per ounce and $1,034 per ounce, respectively. This compares to Q4 and full year 2016 of $910 per ounce and $853 per ounce, respectively. The increase in cash cost was due to fewer ounces sold.
During the second half of 2017, key steps occurred to revitalize the Mine. A significant waste stripping campaign was undertaken to open-up the main pit in phase 5 and 6 which has resulted in increased mining flexibility and the ability to deliver consistent ore feed to the leach pads. The main pit is now open across multiple mining faces as the ramp-up of pre-stripping reached sustainable and planned levels toward the end of 2017. It is expected that all ore mining activity will be in the main pit during 2018 with ore production from La Chicharra Phase 2 commencing in 2019.
In the fourth quarter of 2017, opportunities to reduce capital expenditures envisioned in the revitalization plan for San Francisco were investigated. In particular, crushing improvements which targeted improved metallurgical recovery were put on hold to evaluate improvements in recovery obtainable by improvements in blasting in the open pit during 2018. In December 2017 the Mine implemented a dual cut-off strategy which involves trucking lower grade run-of-mine ("ROM") ore to old heap leach pads while higher cut off grade material is fed to the crusher. ROM ore was placed under leach in January 2018 and as at February 13, 2018 approximately 219,000 tonnes of ROM ore grading an average of 0.17 g/t gold had been stacked on historical leach pads 1 and 2 and stacking is continuing at a rate of 15,000-20,000 tonnes per day. Recovery of gold from ROM ore is estimated to be 30% during the first 120 days with 40% as the expected long-term recovery rate. Approximately 10% of the San Francisco production is expected to come from ROM leaching in 2018.
Gold production is expected to be between 90,000 and 100,000 ounces in 2018, with AISC between $1,000 and $1,100 per ounce and total capital and mine site exploration spending between $2.5 and $3.0 million. Gold production in the first quarter of 2018 is expected to be the lowest for the year with approximately 20% of the annual gold production expected in Q1 2018 as the ROM material was placed under leach in late January.
The main objective of the current exploration program at Ana Paula is to further delineate the known extension of the high-grade breccia mineralization below the proposed open pit. A 3,800 meter diamond drilling program was initiated in January 2018 which consists of six drill holes of 600 to 700 metres each. The exploration contractor is working on a 24x7 basis with one drill rig and a second drill rig is expected late in Q1 2018. Initial drill results are anticipated in Q1 2018.
The extension of the high-grade breccia system below the proposed pit will be further tested from drilling underground in Q3 2018. Currently, a 1,200 meter underground decline is under construction which is being driven from a portal site located in the adjacent valley from the proposed pit and approximately 400 metres from the proposed mill site. It is expected that the underground decline will be advanced sufficiently by Q3 2018 to enable commencement of the first phase of the underground diamond drill program. The drill program is expected to confirm the continuity and shape of the high-grade gold mineralization below the proposed pit that is hosted in the breccia and it will also explore the gold mineralization indications at depth hosted in hornfels skarn, typical of the Guerrero Gold Belt. The underground drilling program proposed includes 55 diamond drill holes (12,000 metres) and will include geochemical sampling and assaying. Construction of the decline commenced in December 2017 with the mine portal site prepared and under construction. The explosives magazine site has been completed and surface infrastructure including offices and workshops have been installed to support mining. A 100-person camp was ordered in December 2017 and is currently being fabricated off-site. The components of the camp are expected to arrive in Q1 2018 and the camp is expected to be fully functional in April 2018. The permit for the camp site was received in February 2018.
A second exploration initiative planned for 2018 will test a high priority target 150 metres north ("north target") of the proposed open pit. Drilling on the north target is expected to commence in Q2 2018. In addition, regional exploration work is underway on the 56,000 hectare land package that includes an airborne magnetic survey targeting further breccia or skarn targets. This work will continue through 2018.
The current Proven and Probable Mineral Reserves of 1.02Moz of gold (13.44Mt @ 2.36 g/t) within the proposed pit includes 436koz gold (2.3Mt @ 5.9g/t) within the high-grade breccia core. Previous drilling has confirmed this mineralization extends approximately 300 metres below the proposed pit. Increased drilling has the potential to add further Mineral Resources below the proposed pit.
The used processing plant (Goldcorp's old El Sauzal plant) that is expected to be used for processing ore at Ana Paula previously operated at 6,000 tonnes per day. The basis of the PFS for the project is 5,000 tonnes per day of ore being mined from an open pit mine as the geometry of the pit limits ore production. If additional ore can be provided from the underground mine, the production profile and unit costs of production could be enhanced.
The current open pit design envisions three distinct phases, with the final phase involving a significant push-back of the pit walls to allow deeper mining from surface. It is likely that the third phase of the proposed pit could be more efficiently mined from underground, improving the economics of the project by a reduction in waste movement from surface.
An underground mining operation could also enhance the project by allowing for the tailings from the ambient oxidation process ("AOX") to be stored underground as back-fill. This could eliminate the need for additional surface tailings facilities and allow the inert flotation tailings to be stored on surface in an unlined tailings storage facility.
Additional metallurgical testwork is underway and will continue in 2018 while the Company evaluates the existing project scope. The testwork includes geochemical analysis to track deportment of key impurities, including arsenic, through the process and kinetic tests of leach tails. The testwork indicates that a significant amount of arsenic is leached in the AOX. Arsenic removal technology has been identified and tested. Comminution and flotation optimization testwork was also completed, which indicated that the ore hardness is similar to that indicated during the pre-feasibility study ("PFS").
A field program of geological mapping, borehole drilling, and seismic evaluation to characterize the ground conditions for the tailings, waste dump and plant site areas has been completed. The geotechnical program identified that the ground conditions in the area of the proposed PFS tailings dam embankment area and the plant site areas are not favourable and a number of trade-off studies were initiated to optimize locations for these facilities. Additional trade-off studies were also initiated to evaluate a number of tailings storage configurations to most cost effectively manage arsenic bearing tailings materials to meet water quality criteria. These studies and subsequent water balance and quality modelling are in progress and further drilling is needed to confirm hydrogeology in the tailings site.
The site is currently accessed by a 7.5 kilometre road from the town of Cuetzala. This road has been upgraded to improve road conditions and travel time. For the main project construction access, a route accessing the project site via existing roads from the north has been delineated. Minor upgrades have been completed on the northern route to allow access to site for the underground mining equipment, camp and support facilities. Further road widening is underway and it is expected that construction of bypass roads will be required for permanent operation.
The permitting is well advanced with the two main permits approved. In April 2017, the Company received approval of the Environmental Impact Assessment ("MIA"); and in September 2017 received approval of the Change of Land Use Permit ("ETJ"). The ETJ covers the 370 hectares required for the proposed open pit mine, waste storage, process plant and the tailings storage facility. The land on which the Company expects to construct the Ana Paula project is privately owned land. The Company has acquired or signed 30-year lease terms for approximately 79% of the land required for the Project and expects to complete the balance of land acquisition and lease agreements in time for construction.
As the Company advances its engineering studies, it has also commenced discussions on financing alternatives for the Project including project or corporate debt. It is expected that financing for between $90 to $100 million will be arranged in conjunction with the completion of the DFS. A number of indicative proposals were received and reviewed. The Company will pursue a financing package with a balance of the lowest overall cost, the least restrictive covenants, and the flexibility to allow the Company to pursue its growth strategy.
The Company expects to spend approximately $20 million on development expenditures at Ana Paula in 2018 including feasibility study work, exploration drilling and the construction of the underground decline.
Alio Gold is a growth oriented gold mining company, focused on exploration, development and production in Mexico. Its principal assets include its 100%-owned and operating San Francisco Mine in Sonora, Mexico and its 100%-owned development stage Ana Paula Project in Guerrero, Mexico. Located within the highly prospective Guerrero Gold Belt on 56,000 hectares of underexplored land the Ana Paula Project is a high-grade, high margin project currently in the definitive feasibility stage. An underground decline to provide access for an exploration drill program has been initiated. The drill program will target the continuation of the high-grade gold mineralization below the proposed pit which has the potential to significantly enhance the robust economics of the project. The Company also has a portfolio of other exploration properties, all of which are located in Mexico.
(1) Corporate and administrative expenses adjusted for the three months and year ended December 31, 2017, to remove termination benefits of $nil and $0.7 million, respectively.
$0.9 million and $1.0 million related to the drilling costs, respectively.
2) Working capital is calculated by deducting current liabilities from current assets.
(1) Management determined that silver metal revenues, when compared to gold metal revenues, are immaterial and therefore considered a by-product of the production of gold. For the three months and year ended December 31, 2017, total by-product silver credits were $0.1 million and $0.7 million, respectively (three months and year ended December 31, 2016 - $0.2 million and $1.0 million, respectively).
Forward-looking statements in news release herein by reference include, but are not limited to statements and information regarding: the Company's future mining activities, including mining capacity, recovery, cash costs, production and mine life; the Company's reserves and resources estimates; the Company's exploration and development plans, including anticipated costs and timing thereof; the Company's plans for growth through exploration activities, acquisitions or otherwise; and expectations regarding future maintenance and capital expenditures, working capital requirements, the availability of financing and future effective tax rates. Such forward-looking statements are based on a number of material factors and assumptions, including, but not limited to: that contracted parties provide goods or services in a timely manner, that no unusual geological or technical problems occur, that plant and equipment function as anticipated and that there is no material adverse change in the price of gold, costs associated with production or recovery. Forward- looking statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements, or industry results, to differ materially from those anticipated in such forward-looking statements. The Company believes the expectations reflected in such forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct and you are cautioned not to place undue reliance on forward-looking statements contained herein.
Some of the risks and other factors which could cause actual results to differ materially from those expressed in the forward- looking statements contained in this news release herein by reference include, but are not limited to: risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits and conclusions of economic evaluations; results of initial feasibility, pre-feasibility and feasibility studies, and the possibility that future exploration, development or mining results will not be consistent with the Company's expectations; risks relating to possible variations in reserves, resources, grade, planned mining dilution and ore loss, or recovery rates and changes in project parametres as plans continue to be refined; mining and development risks, including risks related to accidents, equipment breakdowns, labour disputes (including work stoppages and strikes) or other unanticipated difficulties with or interruptions in exploration and development; the potential for delays in exploration or development activities or the completion of feasibility studies; risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; risks related to commodity price and foreign exchange rate fluctuations; the uncertainty of profitability based upon the cyclical nature of the industry in which the Company operates; risks related to failure to obtain adequate financing on a timely basis and on acceptable terms or delays in obtaining governmental or local community approvals or in the completion of development or construction activities; risks related to environmental regulation and liability; political and regulatory risks associated with mining and exploration; risks related to the uncertain global economic environment; and other factors contained in the section entitled "Risks and Uncertainties" per above.


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How does Holden deal with his depression?
Holden uses three techniques throughout the novel to cope with his depression. He smokes, drinks, and talks to Allie. Holden offers Sunny the cigarette because he thinks it would calm her down, like cigarettes calm him down when he is nervous. "I sat in the chair for a while and smoked a couple of cigarettes…
Why does Holden not jump out the window?
Holden says that he will not jump out of the window because he doesn't want a bunch of random people to see his dead body.
What I really felt like though was committing suicide I felt like jumping out the window I probably would've too if I'd been sure somebody D cover me up as?
What I really felt like, though, was committing suicide. I felt like jumping out the window. I probably would've done it, too, if I'd been sure somebody'd cover me up as soon as I landed. I didn't want a bunch of stupid rubbernecks looking at me when I was all gory.
What do we know about Allie?
Allie was a brilliant, friendly, red-headed boy—according to Holden, he was the smartest of the Caulfields. Holden is tormented by Allie's death and carries around a baseball glove on which Allie used to write poems in green ink.
How is Allie's death influence Holden?
Allie's death greatly affects Holden in the jaded way Holden looks at life, in how he struggles to connect with people, and in the way he feels the need to protect youthful innocence. Holden says, "He got leukemia and died . . .
How does Holden describe Allie?
Though he was two years younger than Holden, Holden says that Allie was the most intelligent member of his family. He also says that Allie was an incredibly nice, innocent child. Holden clearly still feels Allie's loss strongly. He gives a brief description of Allie, mentioning his bright red hair.
Why is Holden Allie important?
Allie is associated with the theme of death, but his role is not that simple. He also represents hope and the gifted innocence of childhood, which is tenuous and sometimes short-lived. Holden clearly loves his brother. Only two years apart in age, they were close friends.
What I really felt like though was committing?
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Aido, Lagodich & Newman Among Big WPT Rock 'n' Roll Poker Open Side Event Winners
On: December 2, 2022
Tagged: Aido, Among, Big, Event, Lagodich, Newman, open, Poker, Rock, Roll, Side, Winners, WPT
The World Poker Tour (WPT) recently wrapped the 2022 WPT Rock 'N' Roll Poker Open (RRPO) at the Seminole Hard Rock Hotel & Casino in Hollywood, Florida. The $3,500 buy-in No-Limit Hold'em Main Event saw Andy Wilson top a 1,541-entry field to win $785,800 plus a $10,400 seat into the WPT World Championship at Wynn Las Vegas.
However, that was just one of 44 events in the festival, which catered to a combined 16,284 entrants and awarded $13,199,710 in prize money. We already highlighted early winners from the series, so we thought it only fair to recap some of the bigger winners from down the stretch.
Among those to capture titles late in the 2022 RRPO were Lisa Levy (Event #29: $400 Ladies Event for $5,870), Duff Charette (Event #34: $600 Deep Stack NLH for $76,075), Dominique Mosley (Event #39: $5,000 Pot-Limit Omaha for $61,170), Elliott Kampen (Event #32: $10,000 PLO High Roller for $121,600), and Eric Afriat, who won not one, but two titles (Event #33: $1,700 Purple Chip Bounty for $46,515 and Event #41: $400 Seniors 50+ for $9,100).
Here's a look at some of the most notable storylines from the stop's late side events.
Check out early winners from the 2022 RRPO here!
Sergio Aido Wins High Roller for $500K
Sergio Aido
From November 28-29, Event #37: $25,500 High Roller played out. The tournament attracted 85 runners and offered up a $2,099,500 prize pool paid out to the top dozen finishers including Justin Zaki (10th – $60,885), Giuseppe Iadisernia (11th – $58,790), and Michael Rossitto (12th – $56,690), who all cashed but failed to make the final table.
The tournament ended in a three-way deal that saw Sergio Aido, who this past August won the Seminole Hard Rock Poker Open (SHRPO) Championship for $900,100, claim the title and $500,000 in prize money. That brought his lifetime career earnings up over $14.7 million according to the Hendon Mob.
"I can come for only five or six days," Aido told Seminole reporters, "and since I am living in Mexico now, it's a convenient three-hour flight."
RRPO $25K High Roller Final Table Results
1 Sergio Aido $500,000*
2 Scott Margereson $413,746*
3 Justin Saliba $402,634*
4 Gytis Lazauninkas $186,855
5 Stan Jablonski $123,870
6 Joe McKeehen $92,380
7 Alex Livingston $75,580
8 Chance Kornuth $65,085
9 Ray Qartomy $62,985
*Denotes three-way ICM deal.
Frank Lagodich's Heater Continues
Frank Lagodich
On November 29, Event #42: $5,000 Deep Stack NLH more than tripled its $200K GTD as 134 entrants generated a prize pool of $636,500. The top 17 finishers made the money, and some of those to cash but fall short of the final table were Jason Klapman (11th – $15,920), Joey Weissman (14th – $14,000), Josh Reichard (15th – $12,900), and Ryan Riess (16th – $12,900).
The tournament ended in a five-way deal that saw Frank Lagodich, a big chip leader at the time, win the title and $133,241 in prize money. It was the second six-figure score for the Ohio pro in just over a week as he was fresh off winning the WSOP Circuit Grand Victoria $1,700 Main Event for $275,896. The latest win moved Lagodich over $1 million in lifetime earnings according to the Hendon Mob.
It was also Lagodich's second SHRP major series trophy after having won the 2022 Seminole Poker Showdown $1,100 Pot-Limit Omaha Championship for $26,575.
RRPO Event #42 Final Table Results
1 Frank Lagodich $133,241*
2 Yuval Bronshtein $86,947*
3 Brian Hastings $77,211*
4 Scott Dehm $72,022*
5 Erik Seidel $62,249*
6 James Romero $26,735
7 Artem Metalidi $23,230
8 Eric Panayiutou $20,365
9 Isaac Kempton $17,980
*Denotes five-way ICM deal.
Michael Newman Wins 8th SHRP Title
Michael Newman is a crusher at the Seminole Hard Rock Hollywood. On November 21, he topped a 107-entry field to win Event #18: $400 Deep Stack Turbo NLH for $7,136 and his seventh SHRP title. That moved him into a five-way tie for second place with Brian Altman, Yuval Bronshtein, Gabe Ramos, and David Prociak, but it didn't take long for him to break that tie.
On November 29, Event #44: $300 Quad Stack Black Chip Bounty attracted 286 entrants and once again it was Newman getting the job done. His victory came with a $6,437 top prize but perhaps more importantly his eighth SHRP title, which broke the tie and moved him solely into second place behind only the nine titles of Raminder Singh.
Newman's SHRP Titles
2016 SHRPO $570 No-Limit Hold'em $17,589
2016 RRPO $360 Pot-Limit Omaha $7,740
2017 LHPO $570 Six-Max Pot Limit Omaha $7,473
2017 RRPO $3,500 RRPO Championship $374,240
2019 LHPO $360 Ultimate Re-Entry $183,525
2021 SHRPO $400 Turbo No-Limit Hold'em $7,573
2022 RRPO $400 Turbo No-Limit Hold'em $7,136
2022 RRPO $300 Quad Stack Black Chip Bounty $6,437
Check out our feature article on Michael Newman here!
2022 RRPO Winners
Nov. 16-21 Event #1: $400 Deep Stack NLH 6,134 $2,024,200 Peter Hsu $191,223
Nov. 16 Event #2: $600 Seniors 50+ NLH 176 $92,400 Wilmer Chavira $16,031
Nov. 16 Event #3: $600 Deep Stack Big O 80 $42,000 Chris Kostoulas $7,418
Nov. 16 Event #4: $200 Quad Stack Double Green Chip Bounty 177 $19,470 Jesus Figueroa $4,313
Nov. 17 Event #5: $600 HORSE 78 $40,950 AJ Kelsall $13,625
Nov. 17-18 Event #6: $1,100 Five-Card PLO 102 $98,940 Robert Lupo $24,148
Nov. 17 Event #7: $150 Big Stack NLH 239 $30,000 Joseph Diaz $6,935
Nov. 17 Event #8: $600 Deep Stack Turbo NLH 37 $19,610 Matty Bretzfield $5,828
Nov. 18 Event #9: $600 Limit Omaha 8 108 $56,700 Salvatore Pipitone $16,900
Nov. 18 Event #10: $600 Double Black Chip Bounty 188 $61,100 Daniel Chlimper $15,425
Nov. 19 Event #11: $600 PLO 8 122 $64,050 Long Nguyen $18,065
Nov. 20 Event #12: $400 Deep Stack NLH 515 $172,525 Scott Baumstein $27,965
Nov. 20-21 Event #13: $1,100 Six-Max NLH 193 $187,210 Glen Cressman $46,170
Nov. 20-22 Event #14: $600 Deep Stack PLO 405 $210,600 John Holley $30,191
Nov. 20 Event #15: $600 Deep Stack Turbo NLH 74 $39,220 Raminder Singh $7,897
Nov. 21 Event #16: $400 Omaha 8/Stud 8 83 $27,805 John Holley $8,950
Nov. 21-23 Event #17: $200 Big Stack NLH 1,894 $303,040 Christopher Lewis $32,400
Nov. 21 Event #18: $400 Deep Stack Turbo NLH 107 $36,380 Michael Newman $7,136
Nov. 22 Event #19: $400 Big Stack Six-Max NLH 115 $38,525 Larry Elliott $7,965
Nov. 22 Event #20: $1,100 Deep Stack NLH Freezeout 68 $65,960 Colin Robinson $22,135
Nov. 22-23 Event #21: $1,700 Purple Chip Bounty PLO 77 $77,000 David Moreno $26,020
Nov. 22 Event #22: $400 Deep Stack NLH Turbo 58 $19,720 Matt Vinke $7,095
Nov. 23 Event #23: $400 Black Chip Bounty 5-Card PLO 154 $36,190 David Goodis $9,450
Nov. 23 Event #24: $200 Double Green Chip Bounty NLH 254 $27,940 Christopher Corrales $5,695
Nov. 24 Event #25: $250 Holiday Deep Stack NLH 312 $36,816 Igor Tolstov $7,816
1,541 $4,931,200
Nov. 25-30 Event #26: $3,500 WPT RRPO Championship 1,541 $4,931,200 Andy Wilson $785,800
Nov. 25 Event #27: $400 Black Chip Bounty Turbo NLH 151 $35,485 Daniyal Gheba $9,550
Nov. 26-27 Event #28: $600 Mixed PLO 62 $32,550 Floyd Scott Jr. $10,000
Nov. 26 Event #29: $400 Ladies Event 45 $15,075 Lisa Levy $5,870
Nov. 26 Event #30: $150 Big Stack NLH 119 $14,042 Sebastian Espinoza $4,052
Nov. 27 Event #31: $400 Black Chip Bounty NLH 349 $82,015 Alexander Perez $12,806
Nov. 27-28 Event #32: $10,000 PLO High Roller 32 $304,000 Elliott Kampen $121,600
Nov. 27-28 Event #33: $1,700 Purple Chip Bounty 182 $182,000 Eric Afriat $46,515
Nov. 27-29 Event #34: $600 Deep Stack NLH 838 $435,760 Duff Charette $76,075
Nov. 27 Event #35: $1,100 Turbo NLH 51 $51,000 Matthew Davenport $18,870
Nov. 28-29 Event #36: $1,100 Deep Stack NLH 119 $115,430 Milen Stefanov $33,640
Nov. 28-29 Event #37: $25,500 High Roller 85 $2,099,500 Sergio Aido $500,000
Nov. 28 Event #38: $400 HORSE 91 $30,485 David Shmuel $7,471
Nov. 28-29 Event #39: $5,000 Pot-Limit Omaha 42 $199,500 Dominique Mosley $61,170
Nov. 28 Event #40: $150 Big Stack NLH 124 $14,632 Alexander Morgovsky $4,112
Nov. 29 Event #41: $400 Seniors 50+ 149 $49,915 Eric Afriat $9,110
Nov. 29 Event #42: $5,000 Deep Stack NLH 134 $636,500 Frank Lagodich $133,241
Nov. 29 Event #43: $1,100 Six-Max PLO 134 $97,970 Rafael Rodriguez Arango $28,895
Nov. 29 Event #44: $300 Quad Stack Black Chip Bounty 286 $44,300 Michael Newman $6,437
Did You Know the World Poker Tour is Online?
The launch of WPT Global means that poker players around the world now have the chance to win their way to WPT events, win prizes and enjoy exciting games such as Poker Flips. As one of the world's largest cash game poker networks, WPT Global is available in over 50 countries and territories around the world.
WPT Global offers a large deposit match bonus: 100% on deposits up to $1,200 (using any payment method). New players depositing a minimum of $20 automatically receive this match bonus which is unlocked in $5 increments (credited straight to the cashier) for every $20 of rake contribution.
Both tournaments and cash games count towards bonus unlocking; new players have 90 days from the date of first deposit to unlock and claim their full bonus amount.
Listen to more about the WPT World Championship on the new PokerNews Podcast!
*Images courtesy of SHRPO.
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The 44-event @WPT RRPO series catered to 16,284 entrants & awarded $13,199,710 in prize money.
Chad Holloway
Executive Editor U.S.
Executive Editor US, PokerNews Podcast co-host & 2013 WSOP Bracelet Winner.
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Walabot is made by Vayyar Imaging, a 3D imaging sensor company that supplies customers with a way to see through objects, liquids and materials. The company decided to take advantage of its innovation to develop Walabot and provide DIYers a chance to get a much better view behind walls than the present stud finders you find on the market.
The device is the same size as a smartphone and quickly connects to it via a magnet supplied in the package, and put on the back of your Android phone. Note that Walabot only works with Android phones. If you have an iOS phone, you are going to need to wait. The company told the public that the iOS version is on their roadmap. If you don't want to wait, there is an option for you: borrow a buddy's Android phone to use the gadget. Otherwise, go to Walabot's website, and enter your email address to get informed when the iOS app launches.
The unit is about the size of a cell phone, although it is quite thicker. One side of it has a magnet to attach to your phone, and the opposite is flat and smooth. The flat side is the one you will use to run the gadget across your walls while you look at your phone screen to see what appears. The flat side needs to be held to the wall straight, not at an angle, so you can see what you want to.
If you are thinking this seems like magic, we are here to tell you it is science. Oh, and if in case you were thinking people might use it to look into your house from the street, it is not produced for that. It is for people who are DIYers or professional carpenters.
Spot rats and other creatures. The Walabot can identify movement behind walls, helping you locate rodents and nests.
When you get your Walabot DIY, you would have to download the Android application for it and then make an account. Connect the Walabot DIY to your smartphone and you are all set to calibrate the Walabot DIY.
Do not fret, calibrating the gadget is extremely simple and if you have used an analog stud finder before, you would think the process very familiar.
This is just perfect for those who are thinking of renovating their homes, or those who enjoy DIY projects. This likewise can be found in really helpful for those who have an interest in architecture and building.
The makers apparently thought in two distinct classifications when developing this device. The DIY model is for the person doing periodic repairs and little projects around your house.
This model likewise lets you adjust the depth of field so that you can see 4 inches deep if you need to. You can alter it to utilize less depth.
The images on the screen are great, and they are displayed in color. You can likewise scan across your wall and receive a graphic representation of the things, with a sign of how far apart they are. This is beneficial for preparing a task that includes the whole wall.
One feature enables you to take a picture of a location you are scanning, so you can transfer the image on a computer and look at it more precisely. This makes it more convenient to sit at your desk and make plans while viewing the image.
This is an excellent basic unit for house owners and other DIYers. You won't miss out on the more advanced features if you plan to do simple repairs and refurnishing around the house. It will definitely determine studs for you, so when you hang heavy paintings or mirrors, you will have a solid landing location for your nails or screws.
Each model has all the features of its predecessor. This model provides basically the very same images that the DIY does, however they are a little bit clearer with the Starter.
The unit acts as a movement detector also. Not only is this appropriate for bugs behind walls, but it is also helpful for keeping an eye on rooms and patios where people or animals shouldn't be.
This model contains all the features of the Starter model although has better spatial sensors. This is due to the fact that it can track in 3D, giving you a much fuller look at areas and items. If you were sawing out a square of drywall or trying to break through concrete in a specific spot, you would need to know much more than where studs are. It has fifteen antennas, indicating it doesn't miss out on much.
This version puts you squarely in the expert ranks. It is more likely than the lower models to find hard-to-see dangers and objects and to reveal them to your plainly.
Look this one over carefully. It could have all the features you want on an average day. It is, naturally, more economical than the next model, and the imaging is great. There is no requirement to pay for features you will never ever utilize, so compare carefully.
This system has eighteen antennas, which provides it with the broadest range of frequencies. It has high-resolution 3D imaging and can provide raw signal information. This is the best view behind your walls you are going to get without taking down drywall.
You are going to see exactly what is behind walls, whether concrete or drywall. This imaging is much clearer than the other models, and the 3D abilities end the guesswork. It is not hard to envision a professional utilizing this for a pricey task where mistakes are costly.
Unlike other imaging devices that are presently available, the Walabot DIY is not bulky. You can get the capabilities of high-end imaging systems and stud finders. You get 3D imaging conveniently and quickly without needing to pay top dollar for it.
On top of that, it is extremely small and portable. With the magnet on the case, you can work the Walabot DIY gadget and your own mobile phone as one unit.
Everything about utilizing the Walabot DIY is extremely easy. You do not need to stress over electrical wiring, as you only need to connect it to your smart phone utilizing the included USB cable. All the settings and tweaks are done using the mobile phone. Adjusting the gadget is also made easy.
Plus, you have easy to follow instructions provided for you on the mobile application itself or you can watch videos from the company's site to learn how to use your Walabot DIY.
In other words, this is a safe and portable device that provides you terrific 3D images that you can utilize for your house renovation jobs or house improvement needs.
If you are just a homeowner aiming to do light repairs on your house or just want to tinker around with new gadgets for your home, the Walabot DIY starts at just $79.99!
These models are more expensive due to the added advance features in the models, along with the enhanced image quality on these models, and overall, it is a more powerful gadget that can do a lot more than the standard model.
That's totally fine! Walabot advertises on their website that they have a 30-day return policy! Remember that returns will just be accepted if the return demand was sent within thirty days of the customer getting the product at their delivery location. Walabot can't refund 3rd party purchases (such as from Amazon.com or B&H Photo).
Walabot is a blessing to people who enjoy home renovations and those who like to play with their home design. It can also help when you have rodents and pests living inside your walls. You can finally see what's behind your walls, even if you aren't Superman and do not have his X-ray vision.
Walabot DIYprovides you an easy way to see through cement or drywall, and check pipelines, studs, and wires. And you can get 3D images saved to your phone so that you could evaluate it later on.
For one, you can use Walabot DIY to know just how deep you could drill in order to prevent damaging the pipes or cutting the wires behind your walls. You can likewise change and calibrate the sensors' level of sensitivity to much better fit the imaging to your specific project.


text:
Lot 316 | PROPERTY FROM A DISTINGUISHED PRIVATE ITALIAN COLLECTION Read more
A RARE AND IMPORTANT PARCEL-GILT SILVER AND NIELLO SOUP-TUREEN
MARK OF SEMEN PETROV KUZOV, MOSCOW, 1799
GBP 289,250
GBP 120,000 - GBP 180,000
Oval, on a pedestal foot and stepped square base with pierced border, the body applied with two lion-mask ring handles, the sides nielloed with allegorical figures, on a chased scalloped gilt ground, beneath a pierced rim, the domed cover similarly nielloed with allegorical scenes on a chased scalloped gilt ground, one side centring the coat-of-arms of Count Sheremetev within an oval reserve surmounted with a ribbon crest and supported by two winged putti, all beneath laurel swags with suspending festoons and floral garlands, with a pinecone finial, marked on cover, handles and under base
12 in. (35 cm.) high, 16 in. (46 cm.) wide
Acquired in Russia in the 1930s, by the Italian ambassador to Russia.
By descent to the present owner.
The present tureen is apparently from a service commissioned by the influential eighteenth-century patron of the arts, Count Nikolai Petrovich Sheremetev (1751-1809). This service is related to another made by Semen Kuzov in 1798 for the marriage of Count Petr Petrovich Konovnitsyn (1764-1822) to Anna Ivanovna Rimskaya-Korsakova. A soup tureen from the Konovnitsyn service, which closely resembles the present lot, is preserved in the State Hermitage Museum, St Petersburg (Z.Z. Bernyakovich, Russian Silver Wares of the XVIIth - Beginning of the XXth Century in the State Hermitage Collection, Leningrad, 1977, p. 96). It is nielloed with the coat-of-arms of Count Konovnitsyn, which resembles that of Count Sheremetev. Parts of the Konovnitsyn service were in the collection of Princess M.A. Shakhovskaya prior to the Revolution (see Starye gody, June, 1914, pp. 6-7). Related soup tureens and other pieces from the service are reproduced in A. von Solodkoff, Russian Gold and Silverwork, 17th-19th Century, and Fribourg, 1981, pp. 104-105, plate 114. The decoration on the body of the present lot appears similar to that on the tureen illustrated in Solodkoff, op. cit., plate 114, far left. The pieces from the service illustrated in Solodkoff were sold Sotheby's, Geneva, 22 November 1978, lots 78-80.
A niello soup tureen from the Sheremetev service was sold at Christie's, New York, 24 April 2009, lot 66. A meat dish and cover from the same service were sold as part of the Collections of Lily & Edmond J. Safra, Sotheby's, New York, 3 November, 2005, lot 74.
Count Nikolai Petrovich Sheremetev (1751-1809) was born into one of the wealthiest and most distinguished noble families of Russia. He was appointed Chamberlain at the court of Empress Catherine II and also served as a Senator and Private Councilor. Following the accession of Paul I to the throne, Sheremetev became Arch-Chamberlain, later Hofmarshall and Director of theatrical performance. He was awarded the order of the White Eagle, St Stanislaus, St Alexander Nevsky, St Andrew the First Called, St Anne, the Grand Commander cross of the Maltese Order, and the French Cross of the Order of St Lazarus. Count Sheremetev also became known as an avid collector and patron of the arts as well as the owner of one of the finest serf theaters in Russia. In 1801 he secretly married one of the theatre's actresses, P.I. Kovaleva-Zhemchugova, with whom he later had a son, Dmitri.
We are grateful to Lyudmila Syagaeva for helping research the present lot.
Pre-Lot Text
PROPERTY FROM A DISTINGUISHED PRIVATE ITALIAN COLLECTION


Negotiations with MUNACA/PSAC for a new collective agreement took place on Friday. This was the 17th meeting since the strike began on September 1. At the end of a long day, the conciliator advised both sides to take a break from the table for a while. There were significant discussions on such key issues as pensions, benefits and premiums, but the parties remain far apart on wages. At this point, no specific dates have been set for a resumption of talks.
We have always known that these would be challenging negotiations, given the fact that the university is working under constraints, such as a $6-million budget deficit, the Quebec government's salary policy, and the agreements negotiated with six other McGill unions.
Please be assured that we will not rest in our effort to find a settlement as quickly as possible. The administration wants an end to this strike as much as anyone at McGill. To that end, the University made significant changes in its positions on a number of issues during the course of the negotiations – as has the union.
We are exploring a number of options open to us in terms of resolving the issues. We will keep you posted, to the extent that we can, on what we are doing and how well it is working.


People who suffer from the common sleep disorder, Obstructive Sleep Apnea, of which the most significant sign is loud and heavy, snoring, are seven times more likely to have a road accident than other drivers.Some research shows that more than 10% of drivers admit to having fallen asleep at the wheel.
Patients with snoring and sleep apnea exhibit poorer performance than control subjects on several types of driving simulators. In addition, the automobile crash rate for these patients has been estimated as two to three times greater than for all drivers. Those on sleep debt fall asleep at the wheels and cause fatal accidents.
Successful treatment of sleep apnea improves performance on driving simulator tests and decreases reported automobile crashes.


House Democrats are denouncing a campaign by the Heartland Institute to inject classrooms with materials questioning the scientific consensus around climate change.
The ranking Democrats on the House committees overseeing education, natural resources and science condemned the group's mass-mailing campaign and counseled teachers to throw away the materials when they arrive.
But the Heartland Institute said it has no intention of desisting: It has continued to send books and DVDs rejecting the human role in global warming to public school science teachers in all 50 states. Heartland project manager Lennie Jarratt said packages are also being distributed to science teachers at private and charter schools and to college professors.
An initial batch of 25,000 books was mailed out in early March, and two additional batches have been sent since, Jarratt said. In total, he said, more than 200,000 packages will be sent, with the goal of getting the materials into the hands of every science teacher in the country.
The packages contain a book titled "Why Scientists Disagree about Climate Change" and a related DVD; both dispute the scientific consensus that climate change is a crisis. Accompanying them is a cover letter from Jarratt, who leads Heartland's Center for Transforming Education. The letter points teachers to an online guide to using the DVD in classrooms.
The campaign was first reported by FRONTLINE in collaboration with The GroundTruth Project.
"Lying to children about the world we live in to further corporate polluter profits is cruel," said Rep. Raúl M. Grijalva (D-Ariz.), ranking Democrat on the Committee on Natural Resources in a statement released last week.
In an interview, Rep. Eddie Bernice Johnson (D-Texas), the ranking Democrat on the House Committee on Science, Space and Technology, said that besides drawing attention to the issue, lawmakers have few options.
Heartland has spent decades promoting doubt about climate change, and it embraces a variety of arguments to that end. At its 12th annual climate change conference last month in Washington, D.C., some speakers claimed that climate change isn't happening. Others conceded it is happening, but that humans aren't at fault. Others still argued that even if humans are the cause, change won't be so bad for the planet.
The organization has long had allies in the Republican party, but its influence has grown with the election of President Donald Trump, who has called climate change a hoax. Trump chose Myron Ebell, a longtime ally of Heartland, to run his transition efforts for energy and the environment. Trump's appointed administrator of the Environmental Protection Agency, Scott Pruitt, has also expressed doubts about the human role in climate change, and as attorney general of Oklahoma sued the very agency he now runs 14 times, including over a plan to regulate climate-warming emissions.
Among Heartland's most influential allies in Congress is Rep. Lamar Smith (R-Texas), chairman of the House science committee and a keynote speaker at Heartland's climate conference last month.
Asked about the mailing campaign, Smith's spokeswoman, Kristina Baum, defended Heartland's right to distribute what it wants.
"The Heartland Institute is welcome to send materials to schools, at no cost to taxpayers, whenever they want, just as environmentalist organizations routinely do," she said.
The executive director of the National Science Teachers Association (NSTA), David Evans, said he was not aware of any such mailings from environmental groups. And representatives for a number of leading environmental groups, including Greenpeace, the Nature Conservancy, the Sierra Club and Climate Reality, said that while they have created educational materials, they have never blanket-mailed them to schools.
Despite the scientific consensus around the human role in rising temperatures, there is no uniform national standard for how to teach global warming — each state sets its own science standards. Some of those guidelines are clear about how to teach climate change to children, while others send mixed messages about it.
To help guide teachers after Heartland's packages began arriving in schools, Evans sent a memo to all 55,000 NSTA members reinforcing that scientists do not disagree about the causes of climate change, and referring educators to curricula supported by established climate science.
Evans said he first heard about the materials on a discussion board for science teachers. The comments were overwhelmingly negative, he said. "One person's recommendation was to shred it. 'I would hate for someone to find it and think it was reputable,'" Evans said, quoting a message on the board.
Bob Farrace, spokesman for the National Association of Secondary School Principals, said principals will tend to advise their staff on how to handle climate change education depending on their political leanings.


Aromatherapy Lane offers treatments for women, tailor-made for you using organic essential oils to promote balance in body, mind and spirit.
The aim is to restore balance to the body systems and bring about deep relaxation. Lymphatic drainage techniques encourage the removal of unwanted toxins. This massage, using a personalised oil blend, will leave you feeling nurtured and uplifted with a renewed sense of well-being.
A targeted treatment using a personalised essential oil blend concentrating on the much overworked muscles of the upper body. Eases stress and tension and restores vitality.
I will carry out a consultation to establish the most beneficial blend of essential oils for your massage.
After a refreshing foot soak and scrub, I apply pressure to reflex points on the feet. A personalised blend of essential oils, diluted in a cream base, is massaged on these reflex points to bring about balance in body systems.
Using products from The Aromatherapy Company and Neal's Yard Remedies, this facial includes a shoulder and neck massage plus acupressure points on the face and scalp. Facial massage stimulates the circulation and brings a healthy glow to the skin.
A soothing massage of the shoulders, neck, arms, scalp and face using products from The Aromatherapy Company and Neal's Yard Remedies. Promotes relaxation and relieves symptoms of stress. Stimulates the circulation to remove toxins and boosts the immune system. I use a scalp tonic spray with essential oils which doesn't leave the hair oily.
Please allow an extra 20 minutes for your initial FREE consultation at your first appointment.
Book a course of 4 treatments and get the 5th treatment HALF PRICE.
It's hard to put your body onto a path of health and healing with just an occasional treatment. All deep and lasting healing takes place gradually over time. This means you benefit so much more from a series of treatments. I am pleased to offer a treatment package. In return for booking your 4 treatments in advance, you will receive your 5th treatment HALF PRICE. All treatments to take place within 6 months.
Please contact me to arrange a course of treatment.


text:
Although 1968's Odessey and Oracle was released after The Zombies split, its lush and complex sound cemented the group's legacy for generations to come. It's easily among the finest examples of British psychedelic pop, draped in baroque orchestral arrangements, innovative Mellotron, layered harmonies, and Colin Blunstone's soft, breathy vocals. The breezily euphoric "Care of Cell 44," the haunting ballad "A Rose for Emily," and the sensual, jazzy "Time of the Season" exhibit keyboardist Rod Argent and bassist Chris White's uncommon sense of melody, arrangement, and dynamics.
Odessey and Oracle The Zombies
Care of Cell 44
A Rose for Emily
Maybe After He's Gone
Beechwood Park
Brief Candles
Hung Up On a Dream
I Want Her She Wants Me
This Will Be Our Year
Time of the Season
℗ 1968 Marquis Enterprises Ltd
More By The Zombies
The Original Studio Recordings, Vol. 1
She's Not There / Time Of The Season
Odessey & Oracle - 40th Anniversary Concert (Live)
Breathe Out, Breathe In (feat. Colin Blunstone & Rod Argent)
The Ep Collection
The Zombies - The Original Studio Recordings, Vol. 2
In One Era Out The Other
Surrealistic Pillow (2003 Bonus Track Edition)
The Legendary Jim Ruiz Group
The West Coast Pop Art Experimental Band
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As a parent, it is important to attend to your baby's requirements even if you're in a different room. You always want to know how your baby is doing at all times. You want to keep them safe and looked after. Baby cameras are real game changers in the parenting game and Infant Optics DXR-8 is by far the very best baby camera in the market right now. Its undoubtedly reliable, super flexible and very safe. You are here now because you know you only want the best for your baby. Here we will discuss all that you need to know concerning Infant Optics DXR-8; why you thought you would prefer a non-WiFi baby monitor over one which needs WiFi and Infant Optics DXR-8's unique tools and essential features that are useful for you and, of course, your baby. Here's why Infant Optics DXR-8 is the best baby monitor for both you and your baby.
Infant Optics DXR-8 is what you consider a high-end baby monitor. As a parent, you would like to have the ability to provide the constant attention your little one needs. Infant Optics DXR-8 generates real time video right at the palm of your hand in a slim 3.5″ LCD color display screen. Showing a crystal clear picture of your baby. The video display is of quite top-notch quality, efficiently both during daylight and night viewing– the sound is of very good quality as well; Along with a remarkably impressive battery life.
A number of the baby cameras on the market is now able to be linked to your WiFi. Just like with any internet-connected device that records video footage or audio, any information that goes through the internet are potential soft spots for hackers to watch or listen in on you. Infant Optics DXR-8 runs on a non-WiFi platform where the video and audio never goes through the vulnerable internet. In our opinion, it is worth every penny if you super prioritize your child's safety.
What Is The Interchangeable Lens System & How Does It Set Infant Optics DXR-8 Apart?
Infant Optics DXR-8 is the world's first interchangeable lens for baby cameras. It allows you to change lenses (normal/zoom/wide) into the focal length and viewing angle you desire. So what makes Infant Optics DXR-8 worth the cost? The provided versatility is ideal for the different phases of your little one's growth and development.
Can Infant Optics DXR-8 Be An Audio-Only Baby Monitor?
Infant Optics DXR-8 features the option to turn the screen off and stream only audio. This was so considerate on the side of the parents. Especially when you're doing something different but still want to observe your little one. This saves what's already a long-lasting battery life. –10 hours at power-saving mode, 6 hours using the screen kept on. When you want the option to just listen , you can just turn the screen off and Infant Optics DXR-8 transforms into an audio-only baby monitor.
How Good Is The Infant Optics DXR-8 Zoom Feature?
The optical zoom lens unlike digital zoom–wherein the program simulates the picture to appear closer, does not ruin video resolution or picture clarity. This gives you the sharpest image possible with no pixelation or grainy effect. Zoom in on your baby keeping the high-quality resolution and color video. Definitely worth the cost!
Can I Control The Pan & Tilt of The Infant Optics DXR-8 Remotely?
Paired with the life-changing Tilt & Pan Control that you can do remotely that, I admit, every baby camera totally needs. Temperature reading and control, invisible IR night vision– this lets you see your baby in total darkness without waking them and noise activated LEDs that light up in case your baby starts to cry and you have the volume turned down.
What Add-ons Does Infant Optics DXR-8 Have To Offer?
Fully expandable (4 add on cameras to be precise ) which you can place in various places around the house. It's easy to monitor all those areas with"scan mode" where you just view and toggle through from the screen.
Does Infant Optics DXR-8 Have Two-way Talk?
Allows a two-way talk intercom communication system that lets you speak to your baby or sing them a little lullaby if you need to calm them down without you getting out of bed. Gives you the freedom to use it as an audio-only baby monitor– in which the display is off and the audio stays. This conserves battery life up to 50%; when you wish to continuously monitor your baby but just want to listen in. Offers different alarm functions, has a low battery indicator as well as power save mode.
How Do I Ensure the Safety and Security of My Baby with Infant Optics DXR-8?
Infant Optics DXR-8 operates on a non-WiFi platform where the audio & video footage never becomes vulnerable to hackers. Videos of your child will be completely secure and private because only you can view the delay-free footage of your child. This makes the stream much faster because it's functionality doesn't depend on the WiFi speed. So that you do not have to worry when your home WiFi is down. Infant Optics DXR-8 proves to be the best video baby camera. It is secure and simple to use no matter your level of technical knowledge. If you highly prioritize your child's safety and security, this is the baby monitor for you.
Cocoon Cam's difference with Infant Optics DXR-8 is the monitoring of your infant's breathing patterns and crying detection. It then sends all of that information to your smartphone. Cocoon Cam uses infrared light to monitor the rise and fall of your infant's chest. This system closely monitors your child's breathing patterns and track action. Installing the Cocoon Cam correctly will be the most significant factor for getting the whole thing to work correctly. You can even talk to your baby through a built-in microphone.
The Nanit streams live video and audio to your smartphone so you can see your baby when you're away from home. You receive a notice on your smartphone, as soon as your baby is awake, behaving fussy or has fallen asleep.
The Nanit also assigns a sleep score to each night according to hours. Other stats show how much time it took for your baby to fall asleep. All of the stats are part of Nanit Insights. Nanit Insights is a subscription-based service you get through the app. A one-year trial comes with your first purchase of this baby monitor. Afterward, or for unlimited access to video and sleep information, it costs $100 per year.
The Nanit also allows you to playback footage from the day. Infant Optics DXR-8 can't record video footage or take pictures from the video recording for you but these factors are not really the purpose of baby monitors. Baby cameras are for real time viewing and knowing the condition of your infant at the moment.
Infant Optics DXR-8 was made to be a baby monitor while the Nest Cam is actually an all-around house protection device. Besides tracking the baby, you can also use it to watch the babysitter, the pets or your empty house if you're away. Infant Optics DXR-8 is a non-WiFi baby camera so you can only see the video on the respective screen. Benefit of having a non-WiFi baby camera will be that the footage of your baby doesn't pass the internet so viewing is completely private to you. However, Nest Cam is WiFi based so you can watch the live streaming right on your smartphone. But you have to keep the Nest Cam app open and running continuously.
The Arlo Baby is as adorable as Infant Optics DXR-8 is classy. It is the cutest baby monitor for a smart-home. It has a changeable look, like detachable rubber bunny ears and feet that can be switched into a kitten or puppy look. (extra $20 per critter) What Arlo Baby can offer that Infant Optics DXR-8 doesn't is the color-changing nightlight which is a wonderful touch. Additionally, it has an app which includes six lullabies and three white-noise sounds to play over the speaker. You can even record your own voice singing for your baby to hear. With Infant Optics DXR-8, you don't have an app as it is a non-WiFi baby monitor. You Also cannot rewatch footage or take screenshots on the Infant Optics DXR-8. On the Arlo app you have seven days of cloud storage for both videos and snapshots with no subscription fee. You also get notifications if the room is too hot or too cold.
One problem with all the Summer Infant cameras is that it's so difficult to determine which has the quality and features you actually need, given the very wide range of options. Separate cameras for different features. Summer Infant is of high-quality and reliable but it has too much choices you do not know which combination best works for you. Some of their products are Panorama Digital Color Video Monitor, Baby Secure Pan, Scan, Zoom Video Monitor, etc.. Additionally, even though the screen is nice and big, the digital video quality is subpar compared to Infant Optics DXR-8. For roughly the same price, we would just go with the Infant Optics DXR-8 if you don't value the larger screen size.
Infant Optics DXR-8 has almost all the same features Project Nursery has. Awesome battery life, remote pan and tilt and also option to connect 4 cameras. Although, when it comes to features, Project Nursery really pulled out all the stops with their baby monitor like infrared night vision, protected (encrypted 2.4GHz) wireless connection, motion alerts, lullaby music and handy unobtrusive sleep modes that Infant Optics DXR-8 does not offer in theirs. And even with all of that, it also, includes a 1.5″ miniature video monitor (with strap!). Both cameras have a very long battery life and remote pan and tilt but cannot be viewed at the same time.
Quite like the Infant Optics DXR-8's option to turn the screen off and stream only sound, Philips Avent has ECO mode. ECO mode saves power in the display unit by shutting off the screen and sound. Only if it finds a noise coming from your child will it turn on to notify you. This is a great feature so that you don't receive false alarms and you save battery. Infant Optics DXR-8 provides you as a parent the choice to use it as an audio-only baby monitor. If you are cooking or cleaning, or simply taking a rest on the couch, you can still monitor your baby without having the screen on at all times. This totally conserves battery life and the device will last for up to 10 hours. In a way, this also functions as a "power saving mode". Also, The Philips Avent doesn't allow you to add multiple cameras, and the video quality isn't quite at par with Infant Optics DXR-8.
The Infant Optics DXR-8 doesn't include a nightlight or a sound sensitive tracker but if you want those, the Samsung SafeVIEW has them! Built-in nightlight which you can turn off and on using the monitor. The sound sensitive tracker is sensitive enough to pick up your baby's movements and sounds. This turns the screen on but you can reduce its sound sensitivity to not pick up the background noise. As Infant Optics DXR-8 has great battery life, the Samsung SafeVIEW screen battery drains fast. You might have to often plug it in to recharge.
Infant Optics DXR-8 offers a full year of protection from defective pieces. You can contact their technical support team who are available 7-days a week. You definitely get a fast reply and beneficial solutions to any on your queries.
How Can I Make Infant Optics DXR-8 Work For Me?
Every baby is different, so how do you make Infant Optics DXR-8 best suit you and your baby? The interchangeable lens feature allows you to switch lenses depending on the view you want when monitoring your baby. This customizable feature is perfect because only you know what's best for your baby. Even though it does not have pre-recorded lullabies built-in the device, it has a two-way talk feature so you can still comfort your baby through this. Extra cameras may also be utilized for the full surveillance of your child, you can add on a total of 4 cameras. And even though Infant Optics DXR-8 does not take snapshots of the footage, its realtime crystal clear videos also doubles as a home surveillance system. This makes Infant Optics DXR-8 still a high-end baby monitor.
It is undoubtedly reliable and worth every penny especially if you highly prioritize your baby's security. We loved this baby camera and would certainly recommend to all of the parents out there who just want the absolute best products for their children. We loved that it had the most useful and necessary features like the remote Tilt & Pan Control, Temperature control and reading, invisible IR night vision, etc.. The video and audio streaming feed is private and doesn't pass through the vulnerable internet. It is basically all you could ever wish for in a baby monitor. Infant Optics DXR-8 prides itself as world's first baby camera with an interchangeable lens system; with views of normal, zoom and wide. That whole interchangeable lens factor is super innovative and impressive. Definitely worth the cost.
Get the Infant Optics DXR-8 Video Baby Monitor here.


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