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

GEC® Flagship Project GEC Education Mega Center™ Receives First & Second Reading Approval by Surrey City Council

October 5, 2017

Vancouver, B.C., October 5th, 2017 - CIBT Education Group Inc. (TSX: MBA, OTCQX International: MBAIF) (“CIBT” or the “Company”) is pleased to report that the GEC® flagship education real-estate project GEC Education Mega Center™ (“Education Mega Center”) received First and Second Reading approvals by Surrey City Council on Monday October 2nd. These approvals are part of a series of 5 approvals required by Surrey City Bylaws to construct the Education Mega Center. On July 31st 2017,...

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CIBT Education Group Provides Fiscal 2017 Corporate Update and Outlook for Fiscal 2018

September 12, 2017

Vancouver, B.C., September 7th, 2017 - CIBT Education Group Inc. (TSX: MBA, OTCQX International: MBAIF) (“CIBT” or the “Company”) is pleased to provide a shareholder update from the CEO on notable progress achieved in the fiscal year ending August 31st 2017 (“Fiscal 2017”). The Company continues to successfully integrate their education business with the fast growing GEC® branded student housing portfolio, the aggregate value of which $600 million. CIBT continues to add value to a...

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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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