First Tidal Acquisition Corp T.AAA

Primary Symbol: V.AAA.P

Industrials Conglomerates

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.

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First Tidal Acquisition Corp

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Post by seekingalfalfaon Jan 22, 2012 11:44pm

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Post# 19434235

more from Peter MacLean...

We are not hitting any regulatory hurdles. When we acquired the concessions from LAPC they were just applications and it took some time to get them transferred into Allana due to complications involving Marafil’s involvement with LAPC. When this was cleared up we hit late 2008/2009 and we started the process of filing EIA documents and Exploration programs which is required for every concession (there are 14). We did not push this process as once the concessions are granted the Company must start paying yearly taxes. Once the company raised sufficient capital to proceed with data compilation and drilling we started this process and are now going through the very detailed drill hole location process.

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