Aug 28 (Reuters) - Empire Industries Ltd EIL.V
* Has entered into a letter of intent to structure and capitalize $31 million of equity in co-venture attraction companies
* Empire Industries - to fund $12 million investment in DEGL private placement, intends to proceed with $5.1 million rights offering to shareholders
* Empire Industries - to fund $12 million investment in DEGL private placement, intends to proceed with $3 million private placement to EROL
* Empire Industries Ltd - co-venture attraction companies will partner with tourist-based locations at key tourist venues in North America and China
* To complete a rights offering for a maximum gross proceeds of $5.1 million