Eastern American Natural Gas Trust Announces Results Of ECA Exchange Offer
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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