West Hamilton Holdings Ltd climbed 53 percent on The Bermuda Stock Exchange (BSX) to close at $7.65 yesterday.The property developer, which is planning to build offices on the former Bermuda Bakery site at Belvedere Place in Hamilton, announced through the BSX on Tuesday that it was seeking to raise $9.3 million in a rights issue, with most of the proceeds being earmarked to pay off bank debt.Last week the company’s shares dropped 34.7 percent, having previously plunged 22.6 percent on August 26, 2010 and then risen sharply by 32.5 percent the following day.