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NTQ Ntr Acquisition

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0.00 (0.00%)
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Last Updated: -
Delayed by 15 minutes
Share Name Share Symbol Market Type
Ntr Acquisition AMEX:NTQ AMEX Ordinary Share
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.00 -

NTR Acquisition Co. Provides Details of Trust Account

13/10/2008 2:50pm

Business Wire


Ntr Acquisition (AMEX:NTQ)
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NTR Acquisition Co. (AMEX: NTQ, the "Company") is providing additional details on its trust account. The funds raised in the Company's initial public offering on January 30, 2007 are deposited in a segregated trust account at Citibank N.A. and the trustee is American Stock Transfer & Trust Company. As of October 9, 2008 the account balance was $246,441,371. The segregated trust account currently holds the following US Treasury Bills: US Treasury Bills: Security   Principal Amount   Maturity Date   CUSIP T?Bill $6,500,000 12/04/08 912795H95 T?Bill $80,000,000 12/11/08 912795J28 T?Bill $80,000,000 12/11/08 912795J28 T?Bill $80,000,000 12/11/08 912795J28 In addition to the US Treasury Bills, the Company's trust account has a cash balance of $218,921, which is deposited in a US Treasury money market fund. NTR Acquisition Co. is a special purpose acquisition company organized under the laws of the State of Delaware on June 2, 2006. NTR was formed to acquire, through a merger, capital stock exchange, asset acquisition or other similar business combination, one or more businesses or assets in the energy industry, with a particular focus on businesses or assets involved in the refining, distribution and marketing of petroleum products in North America. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities of the Company nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

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