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Temple Hotels Inc.

11:50 AM EST - Temple Hotels Inc. : Announced the completion of its previously announced rights offering in each of the provinces and territories of Canada other than Quebec. The Rights Offering was substantially oversubscribed and, as such, Temple issued 36,363,636 common shares of Temple for aggregate gross proceeds of $40,000,000. Temple Hotels Inc. shares T.TPH are trading up $0.02 at $1.17.