Eastern American Natural Gas Trust Announces Results of ECA Exchange Offer
20 Mars 2013 - 3:34PM
Business Wire
EASTERN AMERICAN NATURAL GAS TRUST (NYSE: NGT) announced today
that Energy Corporation of America (the “Company”) has informed the
Trust on Tuesday, March 19, 2013 of the final results of its offer
to exchange (the “Offer”) up to approximately 4.1 million
common units (“ECT Common Units”) of ECA Marcellus Trust I that the
Company owns for up to approximately 3.2 million NGT
Depositary Units.
The Company further informed the Trust that a total of 946,750
NGT Depositary Units were tendered and accepted by the Company.
Eastern American Natural Gas Trust is a grantor trust, which
holds net profit interests in approximately 329 producing gas wells
located in West Virginia and Pennsylvania. The Trust will terminate
and be liquidated in 2013.
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