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

CIBT Ranks #35 on the 2019 Business in Vancouver Top 100 Most Profitable Companies in B.C. List

November 20, 2019

Vancouver, B.C. – November 20th, 2019 – CIBT Education Group Inc. (“CIBT” or the “Company”) (TSX: MBA, OTCQX International: MBAIF) reports that the Company was named one of the “Top 100 most profitable companies in B.C.” in the November 12th edition of Business in Vancouver. CIBT was ranked no.35 among the top 100 most profitable companies in B.C. with net income of $45.371 million in fiscal year 2018. About CIBT Education Group: CIBT Education Group...

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CIBT Named One of Top 100 National and Global Companies Operating in B.C. by Business in Vancouver

October 7, 2019

Vancouver, B.C. – October 7th, 2019 – CIBT Education Group Inc. (“CIBT” or the “Company”) (TSX: MBA, OTCQX International: MBAIF) reports that the Company was named one of the “Top 100 national and global companies operating in B.C. in 2019” in the October 1-7th, 2019 edition of Business in Vancouver. CIBT was ranked no. 55 among the top 100 national and global companies operating in British Columbia, with 629 worldwide employees and 600 B.C. employees...

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CIBT Reports Completion of Property Financing and Mortgage Renewals of over $80 Million by Subsidiary Limited Partnerships

September 9, 2019

Vancouver, B.C. – September 9th, 2019 – CIBT Education Group Inc. (“CIBT” or the “Company”) (TSX: MBA, OTCQX International: MBAIF) is pleased to report that three of its subsidiary limited partnerships (the “LPs”) have completed four property financings and mortgage renewals over the past 10 weeks. The LPs are GEC King Edward II Limited Partnership, GEC Granville Limited Partnership and GEC Education Mega Center Limited Partnership. The total value of property financing and mortgage renewals...

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CIBT Reports Receipt of CAD$10 Million Subscriptions by GEC Oakridge Limited Partnership

September 4, 2019

Vancouver, B.C. – September 4th, 2019 – CIBT Education Group Inc. (“CIBT” or the “Company”) (TSX: MBA, OTCQX International: MBAIF) is pleased to report the completion of investments in an aggregate of CAD$10 million into one of CIBT’s subsidiary limited partnerships, GEC Oakridge Limited Partnership.  These subscriptions are a modification of the ones announced in the Company’s news release of June 18, 2019.  The Company earned a development fee which it has used to acquire...

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CIBT Subsidiary Takes Possession of GEC Education Mega Center Land

September 3, 2019

Vancouver, B.C. -  September 3rd, 2019 - CIBT Education Group Inc. (TSX: MBA, OTCQX International: MBAIF) (“CIBT” or the “Company”) is pleased to report that its subsidiary, GEC Education Mega Center Limited Partnership, has completed the purchase of land for the development of GEC Education Mega Center® (“EMC”) in Surrey, B.C.  The total land purchase price was $22.6 million, or $56 per buildable square foot, plus carrying costs and development fees. This project is well below...

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CIBT Increases its Normal Course Issuer Bid

August 27, 2019

August 27th, 2019: 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 increase the maximum number of shares that may be purchased under its current normal course issuer bid (“NCIB”), from 2,000,000 to 3,910,000 of its common shares representing approximately 5% of the 78,285,040 common shares which were issued and outstanding as at the close of business on December 6,...

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CIBT Ranks #49 on the 2019 Business in Vancouver Top 100 Fastest-growing Companies in B.C. List

August 26, 2019

Vancouver, B.C. - August 26th, 2019 - CIBT Education Group Inc. (“CIBT” or the “Company”) (TSX: MBA, OTCQX International: MBAIF) is pleased to report that the Company is named one of Top 100 Fastest-Growing Companies in Business in Vancouver published on August 20th 2019. The Top 100 Fastest-Growing Companies list is one of Business in Vancouver’s signature annual features. It recognizes B.C. companies with the greatest percentage of revenue growth over the past five fiscal...

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CIBT Reports Financial Results for Third Quarter of Fiscal 2019

July 15, 2019

Vancouver, B.C, July 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 financial statements and related management’s discussion and analysis for its third quarter ended May 31, 2019 (collectively, the “Q3 Filing”).  The following is selected financial information for the nine months ended May 31, 2019, and comparative period. Please refer to the Q3 Filing in its...

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CIBT Reports Decrease in Short-Selling Volume by Nearly One-Half

July 11, 2019

Vancouver, BC - July 11th, 2019 - CIBT Education Group Inc. (“CIBT” or the “Company”) (TSX: MBA, OTCQX International: MBAIF) reports the following update on the short-selling position in CIBT’s shares as published by the TSX. The total short position between June 15th, 2019 to June 30th, 2019 decreased substantially from 433,683 shares to 191,411 shares. Last traded price as of July 8th, 2019 was $0.72, an increase of 44% in share value between June...

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CIBT Expands its Strategy to Include Management of Third Party Properties

June 24, 2019

Vancouver, BC - June 24th, 2019 - CIBT Education Group Inc. (“CIBT” or the “Company”) (TSX: MBA, OTCQX International: MBAIF) is pleased to report that one of the Company’s wholly owned subsidiaries, Global Education City Management Corp (“GEC Management”), has signed a master lease (the “Agreement”) with a Vancouver based real estate developer for a residential rental property to be constructed in Metro Vancouver.  The lease is for a term of twenty-one years at discounted...

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