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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 Fertimanon Jan 20, 2015 1:34pm
199 Views
Post# 23340005

FEED work Suspended due to "Various Strategic Initiatives"

FEED work Suspended due to "Various Strategic Initiatives"From New January Investor update.

https://allanapotash.com/_resources/presentation.pdf


OTHER PROGRAMS
 
 The Ministry of Water, Irrigation and Energy granted Allana an exclusive
right to extract approximately 30,000,000 cubic metres of water per year
which greatly exceeds the requirements for MOP production of 1 Million
Tonnes per Year which is estimated at 18,500,000 cubic metres
 
 AMEC Americas engaged to conduct FEED work on project
 
 AMEC conducted trade-off and optimization studies as well as initial
process design studies and costing.
 
Due to various strategic initiatives that could impact the FEED work, Allana
has decided to suspend the program at this time
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