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

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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CIBT Group Reports Short Selling Volume

June 24, 2019

Vancouver, BC  - June 24th, 2019  - CIBT Education Group Inc. (“CIBT” or the “Company”) (TSX: MBA, OTCQX International: MBAIF) has noted the recent decrease in the share price of the Company and reports the following short selling position as published by the TSX.  The total short position between May 31st, 2019 to June 14th, 2019, increased by 407,032 shares, from 26,651 to 433,683 shares. Date Total Short Position Total Volume Net Change Last Traded...

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CIBT Named One of Top 100 Public Companies in B.C. by Business in Vancouver Newspaper

June 20, 2019

Vancouver, BC - June 20th, 2019 - CIBT Education Group Inc. (“CIBT” or the “Company”) (TSX: MBA, OTCQX International: MBAIF) reports that the Company was named “Top 100 Public Companies in B.C. in 2019” in the June 18th 2019 edition of Business in Vancouver Newspaper.  CIBT was ranked no. 74 among the top 100 public companies operating in British Columbia, with revenue growth of 39.8% from $53.578 million in fiscal 2017 to $74.9 million in...

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CIBT Reports Receipt of US$8 Million Subscription by GEC Oakridge II Limited Partnership

June 18, 2019

Vancouver, BC – June 18th, 2019 – CIBT Education Group Inc. (“CIBT”) (TSX: MBA, OTCQX International: MBAIF) is pleased to report that GEC Oakridge II Limited Partnership has received a conditional subscription from an overseas investment fund for an equity investment of US$8 million (approx. CAD$10.7 million). Upon closing of the subscription, the net proceeds (after payment of CIBT’s development fee) will be invested by GEC Oakridge II Limited Partnership into GEC Oakridge Limited Partnership,...

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CIBT Reports Resumption of Normal Course Issuer Bid

June 13, 2019

Vancouver, BC – June 13th, 2019 – CIBT Education Group Inc. (“CIBT”) (TSX: MBA, OTCQX International: MBAIF) reports the resumption of its normal course issuer bid announced in its news release of December 11, 2018.  During the period from December 14, 2018 until December 13, 2019, CIBT may purchase up to 2,000,000 of its common shares, representing approximately 2.55% of the 78,285,040 common shares which were issued and outstanding as at the close of business...

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CIBT and Subsidiary Limited Partnership Close $12 Million in Financings

June 4, 2019

Vancouver, BC., June 04, 2019 – CIBT Education Group Inc. (“CIBT” or the “Company”) (TSX: MBA, OTCQX International: MBAIF) is pleased to provide the following corporate finance updates on the Company and Global Education City (Richmond) Limited Partnership: a) CIBT has closed two tranches of its private placement of convertible debentures announced on May 1, 2019, raising aggregate cash proceeds of approximately C$8.2 million; and b) Global Education City (Richmond) Limited Partnership has raised cash...

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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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