May 8 (Reuters) - Openlearning Ltd OLL.AX:
AGREEMENT TO EXTINGUISH OUTSTANDING DEBT & CONVERT DEBT TO EQUITY WITH EDUCATION CENTRE OF AUSTRALIA
OUTSTANDING DEBT WILL CONVERT TO SHARES AT A PRICE OF AU 1.74 CENTS/SHARE
Further company coverage: OLL.AX
((Reuters.Briefs@thomsonreuters.com;))