to be full subscribed.

"As of Tuesday, about $700,000 had been committed by shareholders,'' said president and managing director Mr. Ian Paton.

The proceeds are earmarked for about half the costs associated with the recent expansion of KFC's Queen Street location.

KFC obtained about half the financing for the $2 million project, now fully operational, from the Bank of Bermuda.

KFC offered one common share to existing shareholders for every five common shares held on March 2 at a cost of $21 each.

The offering period was scheduled to close on Wednesday but according to Mr.

Paton, directors of the company may extend the date.

If the offering is not fully taken up in the first round, there will be a second opportunity for those who exercised their rights to take up any remaining shares.

After the first, and if necessary, second round, Mr. Paton expects the offering to be fully subscribed.

"All the directors committed to their full allotment. I think it is a good buy,'' he said.