TRUST ACCOUNT

9 Months Ended

Sep. 30, 2015

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.

After giving effect to the redemptions and the incentive deposit in connection with the July Extension Meeting, as of September 30, 2015, the Company’s Trust Account consists of $63,913,876 (December 31, 2014: $72,833,815), all of which is held in cash.