The Bermuda Stock Exchange yesterday announced the listing of the rights of West Hamilton Holdings Ltd under the ticker WHHLR.BH. West Hamilton is a real estate development company that is launching an underwritten one-for-one rights offering to raise approximately $9.3 million. The majority of the net proceeds will be used to repay bank debt.The company is working on the Belvedere Place office development on the site of the former Bermuda Bakery on Pitts Bay Road.West Hamilton will issue to eligible shareholders as of yesterday one transferable right for every share of common stock held.Each right will entitle the holder to purchase one new share of common stock at the subscription price of $6.50 per share. This represents a discount of 15 percent, which is based on the weighted average price of $7.65 for the previous 12 months to date on a total volume traded of 72,370 shares.West Hamilton last traded on the BSX last week at a price of $7.65.The offering is being underwritten by Bermuda Commercial Bank Ltd.Trading of rights opens tomorrow and concludes on July 19. The rights offering closing date in July 22.For more information on the offering, call the “West Hamilton Helpdesk Hotline” on 295-5985. Alternatively, eligible shareholders and rights transferees may visit the “West Hamilton Helpdesk” on the ground floor of The Belvedere Building, 69 Pitts Bay Road, Pembroke between 9am and 4.30pm, Monday to Friday.