First Tidal Acquisition Corp T.AAA

RE:RE:RE:RE:RE:dilution I don t have inside info

[Fertiman]

Myliar... Wounded man (Afaratrisk)..... You seem to have very select memories..... Allana Formalizes Mandate Letters With Prospective Lenders & Proceeds With Formal Due Diligence for Project Financing TORONTO, ONTARIO--(Marketwired - Aug. 26, 2013) - Allana Potash Corp. (TSX:AAA)(OTCQX:ALLRF) ("Allana" or the "Company") announces progress in its project financing strategy with the signing of formal mandate letters with prospective lenders within a lender group representing loans in excess of the target amount of 60-65% debt contemplated to finance the initial construction of Allana's Danakhil potash project (the "Project"). Following receipt of renewed letters of interest from large Development Finance Institutions ("DFIs") and Export Credit Agencies ("ECAs"), formal mandate letters have been signed between Allana and members of the group of DFIs and ECAs. In parallel with the mandates, lenders have begun formal loan assessment preparations and a due diligence review of the Project. The group of lenders includes large multilateral and regional DFIs and ECAs from North America, Europe and Africa. Management is pleased that the capital structure for the Project has been well-received and supported by the lenders' analysis of the Project Feasibility Study. Allana continues to work with its project finance advisor, BNP Paribas and representatives of the lenders, as well as with the specialized technical advisors engaged on behalf of the lenders, with a view to de-risking the Project as we move towards finalizing financing commitments. Allana expects the technical and commercial evaluation of the Project to be completed by late 2013, thereby allowing for the closing of the project debt financing and start of construction in early 2014. Farhad Abasov, President and CEO, commented: "Allana is very encouraged by this major project financing milestone achieved. The company is very appreciative of positive and strong support from the group of large, prestigious multilateral DFIs and ECAs that we have engaged and are consulting. We will maintain our efforts to ensure that the solid projected credit metrics of the Project support our targeted amount of project debt financing, thereby increasing the potential returns to Allana shareholders. The formal mandating of the lenders is a significant development in our project financing activities which, along with our current cash on hand and continued support from our existing strategic investors in the face of challenging sector conditions, gives us confidence that the Project will continue to be financed and developed according to schedule." Read more at https://www.stockhouse.com/news/press-releases/2013/08/26/allana-formalizes-mandate-letters-with-prospective-lenders-proceeds-with-formal#SHiS2CGeam2pEsOu.99