Silver Heritage completes funding exercise for Tiger Palace

Australian-listed Silver Heritage Group says it has been successful in raising funds needed to complete its Tiger Palace Resort Bhairahawa in Nepal.

The company launched an entitlement offer in June - raising A$19 million in total through an Institutional Tranche of A$10.3 million and a Retail Tranche of A$8.7 million.

Completion dates for Tiger Palace are confirmed as September 2017 for the hotel, villas and hospitality areas, while the entire resort, including main gaming floors and VIP gaming areas is expected to finish construction in November 2017.

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