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First Tidal Acquisition Corp T.AAA


Primary Symbol: V.AAA.P

First Tidal Acquisition Corp. is a Canada-based capital pool company. The Company's principal business is the identification and evaluation of a qualifying transaction and once identified or evaluated, to negotiate an acquisition or participation in a business subject to receipt of shareholder approval, if required, and acceptance by regulatory authorities. The Company has not generated revenues from operations.


TSXV:AAA.P - Post by User

Post by studley69on Oct 12, 2010 6:08pm
373 Views
Post# 17555781

Read between the lines

Read between the lines

In addition, during Mr. Farhad Abasov's recently held interview, Mr. Abasov stated that the 'potential exists to increase the inferred resource by at least 5 to 10 times'. Allana wishes to clarify that the above disclosure of exploration potential is not compliant with NI 43-101 requirements for disclosure of a potential mineral deposit or exploration target, and retracts guidance about potential additional quantity ranges. Although Allana management believes that based on current and historical drilling there is potential to increase the mineral deposit, there can be no assurances that further drilling will result in delineation of additional potash resources.

Following completion of the 2010 drill program, the Company plans to update its mineral resource estimate and will announce any material changes to its resources when received.

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