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

CIBT Subsidiary Reports Oversubscribed Equity Raise

October 19, 2020

Vancouver, B.C., October 19th, 2020 - CIBT Education Group Inc. (TSX: MBA, OTCQX International: MBAIF) ("CIBT" or the "Company") is pleased to report that one of its recently formed subsidiary limited partnerships (“Project 11”) has received an additional C$2.613 million of subscriptions, with additional subscriptions of $2.7 million expected to be received before the end of October 2020.   If all expected subscriptions are received, Project 11 will have raised total equity of C$18.33 million, including...

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CIBT Subsidiary Advances Closing Conditions for the Acquisition of Two Buildings

October 1, 2020

Vancouver, B.C., October 1st, 2020 - CIBT Education Group Inc. (TSX: MBA, OTCQX International: MBAIF) ("CIBT" or the "Company") is pleased to report that one of its new subsidiary limited partnerships has removed subject conditions and advanced an additional deposit for the acquisition of two residential buildings in Metro Vancouver (“Project 11”), first disclosed in the Company’s news release of June 9th, 2020.   The Company also reports the receipt of mortgage approval by a leading...

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CIBT places No. 334 on The Globe and Mail’s second-annual ranking of Canada’s Top Growing Companies

September 25, 2020

Vancouver, B.C., September 25th, 2020 - CIBT Education Group Inc. (TSX: MBA, OTCQX International: MBAIF) ("CIBT" or the "Company") is pleased to announce it placed No. 334 on the 2020 Report on Business ranking of Canada’s Top Growing Companies.  Canada’s Top Growing Companies ranks Canadian companies on three-year revenue growth.  CIBT earned its spot with a three-year growth of 97%.   “We are honored to be named one of Canada’s Top Growing Companies by the Globe...

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CIBT RANKS #33 ON THE 2020 BUSINESS IN VANCOUVER LIST OF TOP 100 FASTEST-GROWING COMPANIES IN B.C.

September 10, 2020

Vancouver, B.C., September 10th, 2020 - CIBT Education Group Inc. (TSX: MBA, OTCQX International: MBAIF) ("CIBT" or the "Company") is pleased to report that the Company is named one of Top 100 Fastest-Growing Companies in the August 31st, 2020 edition of Business in Vancouver. The Top 100 Fastest-Growing Companies list is one of Business in Vancouver’s signature annual features. It recognizes B.C. companies with the greatest percentage of revenue growth over the past five fiscal years....

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CIBT Education Group Subsidiary Receives CA$13.1M Investment

September 8, 2020

Vancouver, B.C., September 8th, 2020 - CIBT Education Group Inc. (TSX: MBA, OTCQX International: MBAIF) ("CIBT" or the "Company") is pleased to report that one of its subsidiary limited partnerships has received a US$10 million investment (approximately C$13.1 million).  The funds will be used by the new subsidiary to acquire two rental apartment buildings located in Vancouver, announced by CIBT on June 9th, 2020.  Details of the acquisition target, closing date and other information will be...

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CIBT Education Group Subsidiaries Receive $4.9 Million in Investments

September 1, 2020

Vancouver, B.C., September 1st, 2020 - CIBT Education Group Inc. (TSX: MBA, OTCQX International: MBAIF) ("CIBT" or the "Company") is pleased to report that its subsidiary, GEC Oakridge Limited Partnership, received a $3.9 million investment for the GEC® Oakridge project from an institutional investor last month. The total subscription funds received by this subsidiary to date, including this latest subscription, is $19.66 million. The rezoning application for this project is progressing according to schedule. The planning...

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CIBT Education Group Explores Potential to Spin-Off its Real Estate Subsidiary

August 24, 2020

Vancouver, B.C., August 24th, 2020 - CIBT Education Group Inc. (TSX: MBA, OTCQX International: MBAIF) ("CIBT" or the "Company") is pleased to announce the commencement of a review process to explore opportunities to enhance shareholder value. The objective of this undertaking is to evaluate opportunities to unlock the value of its wholly-owned education-real estate subsidiary, Global Education City Holdings Inc. (“Global Holdings”), by potentially spinning it off as a separately listed entity on a recognized North...

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Sprott Shaw College Celebrates its 2020 Graduating class with an Online Ceremony – first ever in 117 years

August 19, 2020

Vancouver, B.C., August 19th, 2020 - CIBT Education Group Inc. (TSX: MBA, OTCQX International: MBAIF) ("CIBT" or the "Company") is pleased to report that on Thursday August 13th, its subsidiary, Sprott Shaw College, held an online graduation ceremony for the 1,500 students in the 2020 graduating class from sixteen campuses across British Columbia, the first ever online graduation ceremony in its 117 years of history. Due to the health authority’s restrictions, Sprott Shaw College was not...

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