NTR Acquisition Co. Provides Details of Trust Account
October 13 2008 - 9:50AM
Business Wire
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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