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

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

November 9, 2020

Vancouver, B.C., November 9th, 2020 - CIBT Education Group Inc. (TSX: MBA, OTCQX International: MBAIF) ("CIBT" or the "Company") is pleased to provide an update on the Company’s normal course issuer bid (“NCIB”). From March 12, 2020, to November 2, 2020, the Company purchased 2,122,200 of its common shares through a normal course issuer bid at a weighted average price of $0.55 per share. These purchases were effected through the TSX and other Canadian marketplaces/alternative market...

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CIBT Education Subsidiaries Receive Approval from Government of Canada to Resume International Students Enrollment

November 4, 2020

Vancouver, B.C., November 4th, 2020 - CIBT Education Group Inc. (TSX: MBA, OTCQX International: MBAIF) ("CIBT" or the "Company") is pleased to announce that its education subsidiaries, Sprott Shaw College and Sprott Shaw Language College, have received approval from the British Columbia Ministry of Education and the Government of Canada to resume accepting international students from selected countries.  Such approval is only granted to schools  with a COVID-19 readiness plan accepted by their home province as...

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CIBT Group Provides Update on its GEC® Branded Real Estate Portfolio

November 3, 2020

Vancouver, B.C., November 3rd, 2020 - CIBT Education Group Inc. (TSX: MBA, OTCQX International: MBAIF) ("CIBT" or the "Company"), a leading education and student housing provider, is pleased to provide an update on its GEC® branded real estate portfolio.   The total GEC® branded portfolio comprises 11 projects, 16 buildings and over 1.5 million square feet of net rentable space. Upon completing the projects below, the total number of student beds will be approximately 3,260, with...

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CIBT Subsidiary Completes the Acquisition of the 15th and 16th GEC® Branded Buildings for $48.5 Million

October 28, 2020

Vancouver, B.C., October 27th, 2020 - CIBT Education Group Inc. (TSX: MBA, OTCQX International: MBAIF) ("CIBT" or the "Company") is pleased to announce that its newest subsidiary limited partnership, GEC® Marine Gateway Limited Partnership (“Project 11”), has completed the acquisition of two residential rental buildings collectively called GEC® Marine Gateway (“MC1 and MC2”) located at the corner of Cambie Street, West 64th Avenue and South West Marine Drive in Vancouver.   The cost of the acquisition...

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CIBT Subsidiary Reports Oversubscribed Equity Raise

October 19, 2020

Vancouver, B.C., October 19th, 2020 - CIBT Education Group Inc. (TSX: MBA, OTCQX International: MBAIF) ("CIBT" or the "Company") is pleased to report that one of its recently formed subsidiary limited partnerships (“Project 11”) has received an additional C$2.613 million of subscriptions, with additional subscriptions of $2.7 million expected to be received before the end of October 2020.   If all expected subscriptions are received, Project 11 will have raised total equity of C$18.33 million, including...

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CIBT Subsidiary Advances Closing Conditions for the Acquisition of Two Buildings

October 1, 2020

Vancouver, B.C., October 1st, 2020 - CIBT Education Group Inc. (TSX: MBA, OTCQX International: MBAIF) ("CIBT" or the "Company") is pleased to report that one of its new subsidiary limited partnerships has removed subject conditions and advanced an additional deposit for the acquisition of two residential buildings in Metro Vancouver (“Project 11”), first disclosed in the Company’s news release of June 9th, 2020.   The Company also reports the receipt of mortgage approval by a leading...

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CIBT places No. 334 on The Globe and Mail’s second-annual ranking of Canada’s Top Growing Companies

September 25, 2020

Vancouver, B.C., September 25th, 2020 - CIBT Education Group Inc. (TSX: MBA, OTCQX International: MBAIF) ("CIBT" or the "Company") is pleased to announce it placed No. 334 on the 2020 Report on Business ranking of Canada’s Top Growing Companies.  Canada’s Top Growing Companies ranks Canadian companies on three-year revenue growth.  CIBT earned its spot with a three-year growth of 97%.   “We are honored to be named one of Canada’s Top Growing Companies by the Globe...

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CIBT RANKS #33 ON THE 2020 BUSINESS IN VANCOUVER LIST OF TOP 100 FASTEST-GROWING COMPANIES IN B.C.

September 10, 2020

Vancouver, B.C., September 10th, 2020 - CIBT Education Group Inc. (TSX: MBA, OTCQX International: MBAIF) ("CIBT" or the "Company") is pleased to report that the Company is named one of Top 100 Fastest-Growing Companies in the August 31st, 2020 edition of Business in Vancouver. 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 years....

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CIBT Education Group Subsidiary Receives CA$13.1M Investment

September 8, 2020

Vancouver, B.C., September 8th, 2020 - CIBT Education Group Inc. (TSX: MBA, OTCQX International: MBAIF) ("CIBT" or the "Company") is pleased to report that one of its subsidiary limited partnerships has received a US$10 million investment (approximately C$13.1 million).  The funds will be used by the new subsidiary to acquire two rental apartment buildings located in Vancouver, announced by CIBT on June 9th, 2020.  Details of the acquisition target, closing date and other information will be...

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CIBT Education Group Subsidiaries Receive $4.9 Million in Investments

September 1, 2020

Vancouver, B.C., September 1st, 2020 - CIBT Education Group Inc. (TSX: MBA, OTCQX International: MBAIF) ("CIBT" or the "Company") is pleased to report that its subsidiary, GEC Oakridge Limited Partnership, received a $3.9 million investment for the GEC® Oakridge project from an institutional investor last month. The total subscription funds received by this subsidiary to date, including this latest subscription, is $19.66 million. The rezoning application for this project is progressing according to schedule. The planning...

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