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News - CIBT

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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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CIBT Reports Financial Results for Second Quarter of Fiscal 2018

April 13, 2018

Vancouver, B.C., April 13, 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 second quarter ended February 28, 2018 (collectively, the “Q2 Filing”). To review the Q2 Filing, please visit CIBT’s profile at www.sedar.com. The following is selected financial operating results for the six months ended February...

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CIBT Reports Successful Completion of Phase 1 Equity Raise by GEC® Real Estate Investment Limited Partnership

April 3, 2018

Vancouver, BC – April 3, 2018 – CIBT Education Group Inc. (“CIBT” or the “Company”) (TSX: MBA, OTCQX International: MBAIF) is pleased to report the successful completion by a GEC® real estate investment limited partnership of the phase 1 $30 million equity raise for this Global Education City® project, the eighth GEC® location, described in CIBT’s news release of March 21, 2018. It is expected that an additional $50 million in equity will be raised...

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CIBT Reports Signing of Purchase & Development Agreement to Develop Second Global Education City® Project

March 21, 2018

Vancouver, BC – March 21st, 2018 – CIBT Education Group Inc. (“CIBT” or the “Company”) (TSX: MBA, OTCQX International: MBAIF) is pleased to announce that one of its real estate investment limited partnerships (the “LP”) has entered into a definitive Purchase and Development Agreement (“PDA”) with a Vancouver developer to purchase and develop a second Global Education City® project in Metro Vancouver. Total project value is approximately $230 million inclusive of FF&E (furniture, fixture &...

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CIBT Increases Ownership Interest in Downtown Vancouver GEC® Project

March 19, 2018

Vancouver, B.C. March 19th, 2018 - CIBT Education Group Inc. (TSX: MBA, OTCQX International: MBAIF) (“CIBT” or the “Company”) is pleased to report that pursuant to the Company’s news release of January 24th, 2018, it has completed the buy-out of the former majority owner of the limited partnership that owned one of the GEC® branded downtown Vancouver properties (the “Project”). As a result of a contemporaneous transaction, CIBT increased its ownership interest, from 20% to...

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