July 12 (Reuters) - Onterran Ltd (OTR) :
- Acquisition of couran cove resort assets and capital raise (OTR)
- Says Onterran is raising up to $21.5 million through the issuance of redeemable convertible preference shares
- co plans to develop 220 approved houses,sell 105 existing apartments, expected to generate revenue of over $95 million in the next 4 years
- Costs of completing certain contracts that were on hand at time of acquisition of bloomer constructions, will lead to a small loss for FY 2016
