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

CIBT Subsidiary Featured as a News Story by CBC, CityTV, Breakfast TV and Omni TV

September 10, 2018

September 10th, 2018, Vancouver, BC: CIBT Education Group Inc. (“CIBT” or the “Company”) (TSX: MBA, OTCQX International: MBAIF) reports that the Company’s wholly owned subsidiary, Global Education City Holdings Inc (“GEC”), was featured as a news story by CBC Television, CBC online, CityTV, Breakfast TV on September 5th, 2018  and Omni TV on August 29th 2018. A recorded version is available at the following link: http://www.cibt.net/news/ About CIBT Education Group: CIBT Education Group Inc. is...

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CIBT Reports Sale of Ground Floor Commercial Units at one of its GEC Branded Properties & Provides Summary Update

September 4, 2018

Vancouver, BC – September 4, 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 completed the sale of four commercial ground floor units at one of the GEC® branded properties (the “Property”) for gross proceeds of $6 million before leasehold improvements subsidy, realtor’s commission and closing adjustments.  Net proceeds from the sale are approximately...

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CIBT Reports Completion of GEC Pearson Acquisition for $42.5 Million

August 28, 2018

Vancouver, BC August 28th, 2018 – CIBT Education Group Inc. (“CIBT” or the “Company”) (TSX: MBA, OTCQX International: MBAIF) is pleased to report the completion of the purchase of GEC® Pearson, one of the GEC® new construction projects. Global Education City Management Corp. (“Global Management”) took possession of the building on behalf of GEC Pearson Limited Partnership on August 27th, 2018 and commenced operations immediately. GEC® Pearson was purchased for a total of $42.5 million,...

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CIBT Ranks #79 on the 2018 Business in Vancouver 100 Fastest-growing Companies in B.C. List

August 27, 2018

Vancouver, B.C., August 27th, 2018 - CIBT Education Group Inc. (“CIBT” or “Company”) (TSX: MBA, OTCQX International: MBAIF) is pleased to report that the Company is named one of Business in Vancouver's Top 100 Fastest Growing Companies. The Top 100 Fastest Growing Companies list is one of BIV’s signature annual features. It recognizes companies in the province with the greatest percentage change in revenue over the past five fiscal years. CIBT is ranked #79 with 5-year...

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CIBT Reports Completion of Sale of a GEC® Project for $55.5 Million

August 14, 2018

Vancouver, B.C. August 14th, 2018 - CIBT Education Group Inc. (TSX: MBA, OTCQX International: MBAIF) (“CIBT” or the “Company”) is pleased to report that one of the real estate limited partnerships in which it holds an interest has completed the sale of one of the GEC® branded Vancouver properties (the “Property”) for a gain of approximately $20 million after an investment period of 41 months. This GEC® project was acquired by the limited partnership in...

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CIBT Education Group Reduces Issued and Outstanding Shares Six Times in Five Years

August 13, 2018

Vancouver, BC August 13th, 2018 – CIBT Education Group Inc. (“CIBT” or the “Company”) (TSX: MBA, OTCQX International: MBAIF) reports that it has cancelled 721,000 common shares which had been repurchased pursuant to a normal course issuer bid (“NCIB”). At the close of business on August 9, 2018, immediately following the cancellation of these shares, CIBT’s issued and outstanding share capital stands at 78,185,040 common shares. During the past five years, CIBT has reduced its...

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GEC® Pearson Receives Occupancy Permits

August 1, 2018

Vancouver, BC August 1st, 2018 – CIBT Education Group Inc. (“CIBT” or the “Company”) (TSX: MBA, OTCQX International: MBAIF) is pleased to report that GEC® Pearson, one of the GEC® new construction projects, has received occupancy permits issued by the city of Vancouver. It is expected that Global Education City Management Corp. (“Global Management”) will take possession of the building on behalf of GEC Pearson Limited Partnership in the next two weeks. The purchase contract...

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CIBT Confirms Subject Removal on the Sale of a GEC® Project for $55.5 Million

July 23, 2018

Vancouver, B.C. July 20th, 2018 - CIBT Education Group Inc. (TSX: MBA, OTCQX International: MBAIF) (“CIBT” or the “Company”) is pleased to report that one of the real estate limited partnerships in which it holds an interest has executed a subject removal agreement pertaining to the sale of one of the GEC® branded Vancouver properties (the “Property”).  Closing of the purchase and sale is scheduled for the first week of August.  As a result of...

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