TRUST ACCOUNT

9 Months Ended

Sep. 30, 2014

Trust Account [Abstract]

Trust Account [Text Block]

6. TRUST ACCOUNT

A total of $72,795,000, which includes $65,580,000 of the net proceeds from the Public Offering and $7,215,000 from the private placement, was placed in the Trust Account. 

As of September 30, 2014, the Company’s Trust Account consists of $72,800,690 (December 31, 2013, $72,780,878), invested exclusively in 3 month U.S. government treasury bills and another $33,758 (December 31, 2013, $30,078) is held as cash.