Integra|NNP -|- A|DT Hotel|NNP &|CC Restaurant|NNP Co.|NN said|VBD its|PRP$ planned|VBN rights|NNS offering|NN to|TO raise|VB about|IN $9|NN million|CD was|VBD declared|VBN effective|JJ and|CC the|DT company|NN will|MD begin|VB mailing|VBG materials|NNS to|TO shareholders|NNS at|IN the|DT end|NN of|IN this|DT week|NN .|. 

Under|IN the|DT offer|NN ,|, shareholders|NNS will|MD receive|VB one|CD right|NN for|IN each|DT 105|CD common|JJ shares|NNS owned|VBN .|. 
Each|DT right|NN entitles|VBZ the|DT shareholder|NN to|TO buy|VB $100|NN face|NN amount|NN of|IN 13.5|CD %|NN bonds|NNS due|JJ 1993|CD and|CC warrants|NNS to|TO buy|VB 23.5|CD common|JJ shares|NNS at|IN 30|CD cents|NNS a|DT share|NN .|. 
The|DT rights|NNS ,|, which|WDT expire|VBP Nov|NNP .|. 21|CD ,|, can|MD be|VB exercised|VBN for|IN $100|NN each|DT .|. 

Integra|NNP ,|, which|WDT owns|VBZ and|CC operates|VBZ hotels|NNS ,|, said|VBD that|IN Hallwood|NNP Group|NNP Inc.|NN has|VBZ agreed|VBN to|TO exercise|VB any|DT rights|NNS that|WDT are|VBP n't|RB exercised|VBN by|IN other|JJ shareholders|NNS .|. 
Hallwood|NNP ,|, a|DT Cleveland|NNP merchant|NN bank|NN ,|, owns|VBZ about|IN 11|CD %|NN of|IN Integra|NNP .|. 

