Silver Heritage Group has wrapped up the retail component of its shares offering. The event was anything but the huge success the company had anticipated, bringing in only about a quarter of the revenue it had hoped to garner. The casino operator had been looking for US$4.03 million, but only collected $1.05 million.

The company announced the results to the Australian Securities Exchange this past Wednesday. It indicated that it had received applications from qualified shareholders to sell 73.2 million shares and that another 8.9 million shares were offered through the Top-Up Facility, bringing in an additional $129,731.

The good news is that Silver Heritage has been able to raise almost all of the capital it had hoped to collect. Because the share offering was underwritten in its entirety, 177.6 additional shares have been allocated to the underwriter, bringing the total amount collected to $3.74 million.

The offering follows an institutional share offering presented by the company earlier this month. That offering attracted $5.4 million, which is to be spent on the company’s Tiger Palace Resort Bhairahawa in Nepal.