Annual report pursuant to Section 13 and 15(d)

Trust Account

v2.4.0.6
Trust Account
12 Months Ended
Dec. 31, 2012
Investments, All Other Investments [Abstract]  
Financial Instruments Disclosure [Text Block]
7.  Trust Account

 

A total of $189,626,500, which includes $184,376,500 of the net proceeds from the Public Offering and $5,250,000 from the private placement, was placed in the Trust Account. As of December 31, 2012 and 2011, investment securities in the Company’s Trust Account consisted of $189,645,089 and $189,634,541, respectively in money market funds meeting certain conditions under Rule 2a-7 under the Investment Company Act which invest only in direct U.S. government treasury obligations.