TRUST ACCOUNT

12 Months Ended

Dec. 31, 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 December 31, 2014, the Company’s Trust Account consists of $72,830,252 (December 31, 2013: $72,780,878), invested exclusively in 3 month U.S. government treasury bills and another $3,563 (December 31, 2013: $30,078) is held as cash.