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

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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GEC® Flagship Project in Richmond Receives Third Reading Approval

July 23, 2018

Vancouver, B.C., July 23rdth, 2018 - CIBT Education Group Inc. (TSX: MBA, OTCQX International: MBAIF) (“CIBT” or the “Company”) is pleased to report that one of its real estate investment projects (the “Project”), to be located in Richmond, BC has received Third Reading approval by Richmond City Council. The approvals are based on a community development plan of several high-rise towers to be located at the city centre of Richmond, B.C.  This GEC® flagship education real...

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

July 20, 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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CIBT Reports Financial Results for Third Quarter of Fiscal 2018

July 16, 2018

Vancouver, B.C., July 16, 2018 - 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 interim financial statements and related Management’s Discussion and Analysis for its third quarter ended May 31, 2018 (collectively, the “Q3 Filing”).  To review the Q3 Filing, please visit CIBT’s profile at www.sedar.com. The following is selected financial operating results for the nine months ended May...

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CIBT Named One of Top 100 Public Companies in B.C. by Business in Vancouver Newspaper

June 25, 2018

June 25th, 2018, Vancouver, BC: CIBT Education Group Inc. (“CIBT” or the “Company”) (TSX: MBA, OTCQX International: MBAIF) reports that the Company was named “BIV Top 100 Public Companies in B.C. in 2018” in the June 19th 2018 edition of Business in Vancouver Newspaper. CIBT was ranked no. 78 among the top 100 public companies in British Columbia, with revenue growth of 48.5% from 2016 to 2017. About CIBT Education Group: CIBT Education Group Inc....

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CIBT Reports Completion of $15 Million Equity Raise for Global Education City (Richmond) Project

April 30, 2018

Vancouver, BC – April 30, 2018 – CIBT Education Group Inc. (“CIBT” or the “Company”) (TSX: MBA, OTCQX International: MBAIF) is pleased to report the successful completion by Global Education City (Richmond) II Limited Partnership of the phase II $15 million equity raise for Global Education City® (Richmond), the eighth GEC® location, described in CIBT’s news releases of April 3, 2018 and March 21, 2018.  Total equity received for Global Education City® (Richmond) so far...

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CIBT Appoints New Director

April 23, 2018

Vancouver, BC – April 23, 2018 – CIBT Education Group Inc. (TSX: MBA, OTCQX International: MBAIF) is pleased to announce the appointment of Mr. Morris Chen to its Board of Directors. Mr. Chen is a successful and experienced entrepreneur who engages in many real estate development projects in Metro Vancouver, and several cities in the United States. During his free time, Mr. Chen is actively involved in various not-for-profit associations. He chairs the North America...

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