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

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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Luxury hotel in downtown Vancouver converted to house international students

February 3, 2017

BY YVONNE ZACHARIAS, POSTMEDIA NEWS This is just the beginning, says CEO of CIBT Education Group Vancouver and Richmond can expect to see a number of new international student housing projects after the first one opened its doors at Howe and Drake near the downtown core. A company called CIBT Education Group and an offshore partner have purchased the 17-storey Viva Suites luxury hotel at 1311 Howe St. with plans to renovate it floor by...

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Sprott Shaw College Appointed as Managing Agent of KGIC Inc. Schools

January 26, 2017

January 26th , 2017, Vancouver, BC: CIBT Education Group Inc. (“CIBT”) (TSX: MBA, OTCQX International: MBAIF) reports that its wholly owned subsidiary, Sprott-Shaw Degree College Corp. (“Sprott Shaw”) has been appointed by BDO Canada Limited, court appointed interim receiver of KGIC Inc., to act as its managing agent. Acting as managing agent, Sprott Shaw will supervise and direct the management and operation of the business operated by KGIC Inc. and its subsidiaries (the “KGIC Group”),...

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CIBT Reports Purchase of Senior Secured Debt, Completion of Private Placement & Suspension of Share Buy-back

January 25, 2017

January 25th , 2017, Vancouver, BC: CIBT Education Group Inc. (“CIBT”) (TSX: MBA, OTCQX International: MBAIF) reports that a subsidiary of CIBT (the “CIBT Subsidiary”) has completed a Debt Assignment Agreement (the “Transaction”) to purchase from a Canadian bank (the “Bank”) approximately $12.3 million of secured debt (the “Debt”) for $3.1 million. The Debt is owed to the Bank by a group of colleges with 19 locations operating in British Columbia and Ontario (the “Debtor”)....

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CIBT Reports Financial Results for First Quarter Ending November 30, 2016

January 17, 2017

Vancouver, B.C., January 16th, 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 first quarter ending November 30, 2016 (“Q1 2017”). Reference should be made to the filing in its entirety which may be obtained under CIBT’s profile at www.sedar.com. The following is a summary of the...

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