OTR 0.00% 31.5¢ onterran limited

News: OTR Onterran announces acquisition of Couran Cove Resort assets

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    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
 
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