Brief: Openlearning Says It Secured Investment From Education Centre Of Australia

Openlearning

11/10/2022 09:22

Oct 11 (Reuters) - Openlearning Ltd  OLL.AX :
    * SECURED A STRATEGIC INVESTMENT FROM EDUCATION CENTRE OF
AUSTRALIA
    * ECA HAS INVESTED CIRCA A$1.1 MILLION IN CO VIA ISSUE OF
25.7
MILLION NEW ORDINARY SHARES AT A$0.043 PER SHARE
    * WILL UNDERTAKE NON-RENOUNCEABLE RIGHTS ISSUE TO RAISE
CIRCA
A$2.1 MILLION
    * RIGHTS ISSUE TO SUBSCRIBE FOR 1 ORDINARY SHARE FOR EVERY 5
HELD
AT PRICE OF A$0.043 PER SHARE

Source text for Eikon:  ID:nASXmv06L 
Further company coverage:  OLL.AX 
 ((Reuters.Briefs@thomsonreuters.com;))