First Tidal Acquisition Corp T.AAA

Primary Symbol: V.AAA.P

First Tidal Acquisition Corp. is a Canada-based capital pool company. The Company is formed for the purpose of identification and evaluation of assets or businesses with a view to completing a qualifying transaction. The Company has not commenced any operations nor generated any revenue.

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First Tidal Acquisition Corp > Farhad Abasov: The transaction with ICL has validated

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Comment by Stockstag1on Jul 24, 2014 3:07am

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Post# 22776465

RE:RE:RE:RE:RE:Farhad Abasov: The transaction with ICL has validated

Stockstag1 wrote:

Stockstag1 wrote:

Stockstag1 wrote:

Stockstag1 wrote:

Fertiman wrote:
Farhad Abasov: The transaction with ICL has validated our project from all aspects. It has made it even more financeable than before and has completely differentiated us from many other projects. We had three major components in the transaction, and they fulfill the objective of mitigating the financing, construction and operation risks. ICL has a production centre at the Dead Sea, very similar to what we envision for our project in Ethiopia in terms of solar evaporation use, processing and logistics. We believe that ICL is the perfect match for our project in that regard. ICL also shares our vision for the African fertilizer market, whereby we both believe that we need to work with a number of stakeholders in East Africa, including governments, NGOs and farmers to foster the use of potash.

ICL’s involvement with Allana has had an immediate positive impact in several ways. For the first time, we have started receiving positive interest in debt financing from large commercial lenders. This was not the case before. We have also seen a surge in interest from large investment houses with respect to an equity investment. Although we are not planning an equity raise at this time, it is a very positive sign for a junior potash company.

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