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

CIBT Reports Receipt of Design Panel Approval to Construct GEC Education Mega Center™ in Surrey

July 31, 2017

Vancouver, B.C., July 31st, 2017 - CIBT Education Group Inc. (TSX: MBA, OTCQX International: MBAIF) (“CIBT” or the “Company”) is pleased to announce that the application to construct North America’s first and only Education Mega Center in downtown Surrey, B.C. has received approval of the Design Panel of the city’s planning department.  Staff will submit its recommendation to Surrey City Council for further approval on September 11th, 2017. The Design Panel approval was based on a...

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CIBT Reports Financial Results for Third Quarter Ended May 31, 2017

July 19, 2017

Vancouver, B.C., July 17, 2017 - 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 Analysis for its third quarter ended May 31st, 2017 (collectively, the “Q3 Filing”).  To review the Q3 Filing, please visit CIBT’s profile at www.sedar.com.  The following is a summary of the Q3 financial results ended May 31st, 2017.  Reference...

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CIBT Provides Update on GEC Pearson Student Centric Serviced Apartments

July 6, 2017

Vancouver, B.C., July 5th, 2017 - CIBT Education Group Inc. (TSX: MBA, OTCQX International: MBAIF) (“CIBT”) is pleased to report that in a recent appraisal report dated June 20th 2017, GEC Pearson, located on the south side of Vancouver, was appraised at up to $86.1 million, an increase of $42.1 million from our original purchase price of $41.5 million plus FFE (furniture fixture equipment) of $2.5 million in May 2014. "We are pleased to see that...

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CIBT Signs Agreement with TriView Capital to raise C$95 Million for the next phase of its two Flagship Projects

May 24, 2017

Vancouver, B.C., May 23rd, 2017 - CIBT Education Group Inc. (TSX: MBA, OTCQX International: MBAIF) (“CIBT” or the “Company”) is pleased to announce that it has signed a formal financial advisory agreement with TriView Capital Inc, an Exempt Market Dealer headquartered in Calgary, Alberta, as the lead syndicator to raise approximately $95 million for GEC Education Super Center Limited Partnership and GEC Education Mega Center Limited Partnership in two tranches over the next 18 months....

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CIBT Subsidiary Acquires Assets of KGIC Inc. (formerly Loyalist Group Ltd.)

March 16, 2017

March 16th, 2017, Vancouver, British Columbia: CIBT Education Group Inc. (“CIBT”) (TSX: MBA, OTCQX International: MBAIF) reports that court approval has been received to the acquisition by CIBT’s wholly owned subsidiary, CIBT Finance (2017) Corp. (“CIBT Finance”), to substantially acquire all of the operating assets of KGIC Inc., formerly named Loyalist Group Ltd. This acquisition will mark a new chapter in CIBT’s growth and expansion, adding to both the breadth and depth of programs currently...

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CIBT Reports Completion of Second Tranche of Private Placement

March 10, 2017

March 10, 2017, Vancouver, BC: CIBT Education Group Inc. (“CIBT”) (TSX: MBA, OTCQX International: MBAIF) reports that it has closed the second tranche of a private placement, raising approximately $861,000 by the issuance of 1,434,999 units at a price of $0.60 per unit. Each unit consists of one common share and one-half of one share purchase warrant, with each whole warrant entitling the holder to purchase one common share for a period of two years...

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CIBT Reports Completion of First Tranche of New Private Placement

February 24, 2017

January 26th , 2017, Vancouver, BC: CIBT Education Group Inc. (“CIBT”) (TSX: MBA, OTCQX International: MBAIF) reports that it has closed the first tranche of a private placement, raising approximately $1,357,400 million by the issuance of 2,262,333 units at a price of $0.60 per unit. The proceeds from this private placement are intended to be used to provide a fund for school acquisition and expansion. Each unit consists of one common share and one-half of...

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