Press Releases

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

CIBT Reports Completion of $15 Million Equity Raise for Global Education City (Richmond) Project

April 30, 2018

Vancouver, BC – April 30, 2018 – CIBT Education Group Inc. (“CIBT” or the “Company”) (TSX: MBA, OTCQX International: MBAIF) is pleased to report the successful completion by Global Education City (Richmond) II Limited Partnership of the phase II $15 million equity raise for Global Education City® (Richmond), the eighth GEC® location, described in CIBT’s news releases of April 3, 2018 and March 21, 2018.  Total equity received for Global Education City® (Richmond) so far...

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CIBT Appoints New Director

April 23, 2018

Vancouver, BC – April 23, 2018 – CIBT Education Group Inc. (TSX: MBA, OTCQX International: MBAIF) is pleased to announce the appointment of Mr. Morris Chen to its Board of Directors. Mr. Chen is a successful and experienced entrepreneur who engages in many real estate development projects in Metro Vancouver, and several cities in the United States. During his free time, Mr. Chen is actively involved in various not-for-profit associations. He chairs the North America...

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CIBT Reports Financial Results for Second Quarter of Fiscal 2018

April 13, 2018

Vancouver, B.C., April 13, 2018 - CIBT Education Group Inc. (TSX: MBA, OTCQX International: MBAIF) (“CIBT” or the “Company”) is pleased to report that it has filed on SEDAR its consolidated interim financial statements and related Management’s Discussion and Analysis for its second quarter ended February 28, 2018 (collectively, the “Q2 Filing”). To review the Q2 Filing, please visit CIBT’s profile at www.sedar.com. The following is selected financial operating results for the six months ended February...

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CIBT Reports Successful Completion of Phase 1 Equity Raise by GEC® Real Estate Investment Limited Partnership

April 3, 2018

Vancouver, BC – April 3, 2018 – CIBT Education Group Inc. (“CIBT” or the “Company”) (TSX: MBA, OTCQX International: MBAIF) is pleased to report the successful completion by a GEC® real estate investment limited partnership of the phase 1 $30 million equity raise for this Global Education City® project, the eighth GEC® location, described in CIBT’s news release of March 21, 2018. It is expected that an additional $50 million in equity will be raised...

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CIBT Reports Signing of Purchase & Development Agreement to Develop Second Global Education City® Project

March 21, 2018

Vancouver, BC – March 21st, 2018 – CIBT Education Group Inc. (“CIBT” or the “Company”) (TSX: MBA, OTCQX International: MBAIF) is pleased to announce that one of its real estate investment limited partnerships (the “LP”) has entered into a definitive Purchase and Development Agreement (“PDA”) with a Vancouver developer to purchase and develop a second Global Education City® project in Metro Vancouver. Total project value is approximately $230 million inclusive of FF&E (furniture, fixture &...

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CIBT Increases Ownership Interest in Downtown Vancouver GEC® Project

March 19, 2018

Vancouver, B.C. March 19th, 2018 - CIBT Education Group Inc. (TSX: MBA, OTCQX International: MBAIF) (“CIBT” or the “Company”) is pleased to report that pursuant to the Company’s news release of January 24th, 2018, it has completed the buy-out of the former majority owner of the limited partnership that owned one of the GEC® branded downtown Vancouver properties (the “Project”). As a result of a contemporaneous transaction, CIBT increased its ownership interest, from 20% to...

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CIBT Reports Referral Fee Agreements to Raise $60 million for New Flagship Project

March 13, 2018

Vancouver, BC – March 12th, 2018 – CIBT Education Group Inc. (TSX: MBA, OTCQX International: MBAIF) is pleased to announce that one of its real estate investment limited partnerships (the “LP”) has entered into referral fee agreements with a real estate development group (the “Group”) for an equity raise of up to $60 million for a new flagship project called Global Education City (Richmond) (the “Project”).  The Group has advanced an initial deposit of $5...

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CIBT Arranges Sale of Ground Floor Commercial Strata Units of GEC® Burnaby Heights

March 7, 2018

Vancouver, BC – March 7th, 2018 – CIBT Education Group Inc. (TSX: MBA, OTCQX International: MBAIF) is pleased to announce that one of its real estate investment limited partnerships has entered into a formal Purchase and Sale Agreement to sell four commercial ground floor units at GEC® Burnaby Heights for $6 million.  The closing is expected to be held on or before May 31, 2018. The GEC® Burnaby Heights building was purchased on November 2nd,...

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CIBT Reports Director Election Results

January 26, 2018

Vancouver, B.C. January 26, 2018 - CIBT Education Group Inc. (TSX: MBA, OTCQX International: MBAIF) (“CIBT”) reports the director election voting results from its annual general meeting held today.  All of the director nominees, as listed in the management information circular dated December 5, 2017, were elected.  Proxy voting as to each of the director nominees was as follows: Votes in Favour Votes Withheld Toby Chu 99.62% 0.38% Tony David 99.82% 0.18% Derek Feng 100.00%...

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CIBT Named to 2018 OTCQX® Best 50

January 25, 2018

Vancouver, BC – Jan 25th, 2018 – CIBT Education Group Inc. (TSX: MBA, OTCQX International: MBAIF) is pleased to announce it has been named to the 2018 OTCQX® Best 50, a ranking of top performing companies traded on the OTCQX Best Market last year.   CIBT was ranked in 8th position on the Best 50 list. The OTCQX Best 50 is an annual ranking of the top 50 U.S. and international companies traded on the OTCQX...

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