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.

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First Tidal Acquisition Corp > De Risked! Plain and Simple!

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Comment by Tuco110on Feb 12, 2014 10:48pm

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Post# 22203032

RE:De Risked! Plain and Simple!

De risked big time. Different deal than I was expecting, smaller, but better. I expected a JV and having to give up a big chunk of Dallol, 20%-40%, plus a share issue to the JV partner. This baby is still 95% ours with the expertise to built it, to run it, and to sell it. 100% sales before it's built doesn't hurt either. This huge vote of confidence in this project won't go unnoticed by the investment community who were looking for a little more certainty in this play. The debt financing($500mil from development banks and $150mil from alternate sources) will hopefully come to fruition next quarter with finalization soon after. We're rolling baby.

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