Year: 2014

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Keep up to date with the latest CIBT developments through our most recent news.

CIBT’s Featured in The Province Newspaper

December 10, 2014

December, 10th 2014: CIBT Education Group Inc. (TSX:MBA, OTCQX International: MBAIF) (the “Company” or “CIBT”) reports that it was featured on the front page of The Province newspaper on December 8th 2014. In the article, The Province reported that international student Wendy Qi “is renting a downtown condo for $2,000 a month and finding herself alone most of the time”. When asked about CIBT’s plan to build affordable student housing, she called the plan an “excellent...

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CIBT Engages INTL FCStone for Project Financing

November 5, 2014

November 5th, 2014: CIBT Education Group Inc. (TSX:MBA, OTCQX International: MBAIF) (“CIBT Group”) is pleased to announce that it has engaged INTL FCStone Securities Inc. (“INTL FCStone”), member FINRA/SIPC/ MSRB to identify institutional real estate investors to arrange project financing, and to provide investment banking and financial advisory services. CIBT Group is contemplating total project-level equity financing of approximately US$100 million. The purpose of the financial advisory services is to assist CIBT Group in expanding its...

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CIBT Reduces its Total Issued and Outstanding Shares for the Third Time in 14 months

October 14, 2014

October 14th, 2014: CIBT Education Group Inc. (TSX:MBA, OTCQX International: MBAIF) (“CIBT Group”) reports that it is cancelling 1,900,000 common shares which have been repurchased pursuant to a normal course issuer bid. Assuming no further share issuances before the shares are cancelled, a total number of 64,556,853 common shares will be issued and outstanding. The shares being cancelled were acquired under CIBT Group’s normal course issuer bid under which up to 3,000,000 of its common shares...

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CIBT Accepts Additional Investment into Recently Acquired $32.4M Project

June 18, 2014

June 18th , 2014: CIBT Education Group Inc. (TSX: MBA, OTCQX International: MBAIF) and its subsidiaries (collectively, “CIBT Group”) are pleased to report the participation of an overseas investor in CIBT Group’s $32.4 million serviced apartments project (the “Project”) that was announced on June 2nd 2014. As a result of the investment, CIBT Group will hold a minority interest in the Project. In addition, CIBT Group will be paid a fee of $1.161 million for...

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CIBT Education Group Acquires Second Student Housing Property for $32.4 Million

June 2, 2014

June 2nd , 2014: CIBT Education Group Inc. (TSX: MBA, OTCQX International: MBAIF) (“CIBT Group”) is pleased to report that it has signed a Purchase and Sale Agreement with a Vancouver, BC based developer for the purchase of three adjoining properties in the Greater Vancouver area and the development thereon of student centric serviced apartments. This project is in addition to the $44 million dollar project that was announced on May 12th domestic and foreign students...

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CIBT Accepts New Investment into Recently Acquired Serviced Apartments Project

May 29, 2014

May 29th, 2014: CIBT Education Group Inc. (TSX: MBA, OTCQX International: MBAIF) and its subsidiaries (collectively, “CIBT Group”) are pleased to report the participation of an overseas investor in CIBT Group’s $44 million serviced apartments project (the “Project”) that was announced on May 12th 2014. As a result of the investment, the investor holds approximately 60% of the Project and CIBT Group holds the remainder. In addition, CIBT Group will be paid a fee of...

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CIBT Education Group Acquires Student Housing Property for $44 Million dollars

May 12, 2014

May 12th, 2014: CIBT Education Group Inc. (TSX: MBA, OTCQX International: MBAIF) ("CIBT Group") is pleased to report that it has signed a Purchase and Sale Agreement with a Vancouver, BC based developer to purchase three properties in the Greater Vancouver area. This project is to be developed into student centric serviced apartments for domestic and foreign students studying in the Lower Mainland. This site will be part of Global Education City's ("GEC") student housing arm....

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CIBT Appoints Dr. Lindsay Redpath as President and Vice Chancellor of Acsenda School of Management

April 14, 2014

April 14th, 2014: CIBT Education Group Inc. (TSX: MBA, OTCQX International: MBAIF) ("CIBT Group") is pleased to announce the appointment of Dr. Lindsay Redpath, Ph.D. as President and Vice Chancellor, Acsenda School of Management, Vancouver, effective June 2, 2014. Dr. Redpath brings to Acsenda more than twenty years experience in leadership and innovation in the delivery of business and management education at the undergraduate and graduate levels, including the development, delivery and management of both classroom...

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CIBT Reduces its Total Issued and Outstanding Shares for the Second Time in Six Months

February 21, 2014

February 21, 2014: (TSX: MBA / OTCQX: MBAIF) CIBT Education Group Inc. (“CIBT Group”) reports that it is cancelling 865,600 common shares which had been repurchased pursuant to a normal course issuer bid. The total number of issued and outstanding shares becomes 65,068,520 common shares, upon cancellation of these shares. “The company recognizes the fact that a healthy share structure is critical to enhancing shareholder value therefore the company intends to continue its share buy-back from...

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CIBT Reports Normal Course Issuer Bid

February 20, 2014

February 20th, 2014: CIBT Education Group Inc. (TSX:MBA, OTCQX International: MBAIF) (“CIBT Group”) reports that it has received approval from the Toronto Stock Exchange (the “TSX”) to commence a normal course issuer bid (“NCIB”) to purchase up to 3,000,000 of its common shares, representing approximately 4.6% of the 65,079,920 common shares which were issued and outstanding as at the close of business on February 11, 2014, to a maximum aggregate acquisition cost of approximately $1,000,000. The...

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