July 12 (Reuters) - Onterran Ltd OTR.AX :
* Acquisition of couran cove resort assets and capital raise OTR.AX
* 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
* Source text for Eikon ID:nASXb9WNWL