April 29 (Reuters) - Temple Hotels Inc TPH.TO :
* TEMPLE HOTELS INC. ANNOUNCES $37.5 MILLION RIGHTS OFFERING
* TEMPLE HOTELS INC - INTENDS TO USE NET PROCEEDS OF RIGHTS OFFERING TO REPAY OUTSTANDING INDEBTEDNESS TO MORGUARD CORPORATION AND OTHER LENDERS.
* TEMPLE HOTELS - EVERY ONE RIGHT WILL ENTITLE HOLDER TO SUBSCRIBE FOR 0.5 COMMON SHARES UPON PAYMENT OF SUBSCRIPTION PRICE OF $1.50 PER COMMON SHARE