$63.5 Million Aggregate Gross Proceeds to Company HONG KONG--(BUSINESS WIRE)--Asia Entertainment & Resources Ltd. (“AERL”) (NASDAQ: AERL), which operates through its subsidiaries and related promoter companies as a VIP room gaming promoter, today announced the conclusion of its rights offering (the “Rights Offering”) and standby purchase of shares not sold in the Rights Offering. AERL will issue a total of 19,510,550 ordinary shares and raised $63.5 million in gross proceeds from the Rights Offering and the standby purchase. This includes 9,767,550 shares issued to holders upon exercise of their subscription rights and 9,743,000 shares issued to the standby purchasers pursuant...
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