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CIBT Provides Update on GEC Flagship Project GEC Education Mega Center

May 21, 2019

Vancouver, B.C., May 21, 2019 - CIBT Education Group Inc. (TSX: MBA, OTCQX International: MBAIF) (“CIBT” or the “Company”) is pleased to provide the following updates relating to its Education Mega Center® project in Surrey, B.C. By November 6th, 2017, GEC Education Mega Center® (“EMC”) had received Advisory Design Panel and first, second and third reading approvals by Surrey City council. The meeting minutes of Surrey City council are available at www.surrey.ca/bylawsandcouncillibrary/MIN_RCPH_2017_11_06.pdf.  Since the granting of...

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CIBT to raise up to approximately C$10 million through issuance of convertible debentures

May 1, 2019

Vancouver, BC – May 1, 2019 – CIBT Education Group Inc. (“CIBT” or the “Company”) (TSX: MBA, OTCQX International: MBAIF) reports that it plans to raise up to approximately C$10 million through a private placement of convertible debentures.  The debentures will mature 24 months after issuance (unless extended in accordance with the provisions thereof) and will carry an annual coupon of 8-9%. The outstanding principal sum will be convertible into common shares before the maturity...

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CIBT Provides Update on the Normal Course Issuer Bid (Share Buy-Back)

April 30, 2019

Vancouver, B.C., April 25th, 2019 - CIBT Education Group Inc. (TSX: MBA, OTCQX International: MBAIF) (“CIBT” or the “Company”) wishes to announce the suspension of the Company’s normal course issuer bid (share buy-back) which commenced December 14, 2018, in order to allow the Company to pursue certain transactions.  Since December 14th, 2018, the Company purchased a total of 1.76 million shares from the open market pending cancellation.   About CIBT Education Group: CIBT Education Group Inc....

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CIBT Reports Financial Results for Second Quarter of Fiscal 2019

April 15, 2019

Vancouver, B.C., April 15, 2019 - 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, 2019 (collectively, the “Q2 Filing”).  The following is selected financial information for the six months ended February 28, 2019 and comparative period. Please refer to the Q2 Filing in...

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CIBT Provides Update on Global Education City Richmond

April 3, 2019

Vancouver, BC, April 3rd, 2019 - CIBT Education Group Inc. (TSX: MBA, OTCQX International: MBAIF) (“CIBT” or the “Company”) is pleased to report that deposit requirements for the Global Education City® project in Richmond, BC (“GEC Richmond” or the “Project”) have been completed by Global Education City (Richmond) Limited Partnership (the “LP”). A total of $60 million has been paid since February 2018. An overview of the Project follows: March 2018: The LP signed a Purchase...

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CIBT Reports Financial Results for First Quarter of Fiscal 2019

January 15, 2019

Vancouver, B.C., January 14, 2019 - 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 financial statements and related management’s discussion and analysis for its first quarter ended November 30, 2018 (collectively, the “Q1 Filing”).   The following is selected financial information for the first quarter of fiscal 2019 ended November 30, 2018 (“Q1 2019”) and comparative results.  Please refer to...

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CIBT Subsidiary Signs Agreement to Purchase Three Parcels of Lands to develop GEC Oakridge for $103 Million

January 7, 2019

Vancouver, BC – January 7th, 2019 – CIBT Education Group Inc. (“CIBT” or the “Company”) (TSX: MBA, OTCQX International: MBAIF) is pleased to announce the signing of three property purchase agreements for an aggregate purchase price of $30.3 million. These lands will be the site of the development of a highrise serviced apartment (the “Project”) near the corner of Cambie Street and West 42nd Avenue in Vancouver, to be owned by GEC Oakridge Limited Partnership (formerly...

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