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BRIEF-Onterran announces acquisition of Couran Cove Resort assets

Published 12/07/2016, 10:51 am
Updated 12/07/2016, 11:00 am
© Reuters.  BRIEF-Onterran announces acquisition of Couran Cove Resort assets
OTR
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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

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