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CIBT Subsidiary Closes on GEC Oakridge Land Purchase

March 17, 2020

Vancouver, B.C., March 17th, 2020 - CIBT Education Group Inc. (TSX: MBA, OTCQX International: MBAIF) ("CIBT" or the "Company") is pleased to report that its subsidiary, GEC Oakridge Acquisition Limited Partnership has completed the purchase of three parcels of land designated for the GEC® Oakridge project (the “Project”). The total purchase price for the three parcels of land was $30.3 million, excluding closing costs and property transfer tax. During the past year, GEC® Oakridge continued to...

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CIBT Reports Normal Course Issuer Bid

March 9, 2020

March 10, 2020: CIBT Education Group Inc. (TSX:MBA, OTCQX International: MBAIF) (“CIBT”) reports that it has received approval from the Toronto Stock Exchange (the “TSX”) to commence a normal course issuer bid (“NCIB”) to purchase up to 3,000,000 of its common shares, representing approximately 4.024% of the 74,543,540 common shares which were issued and outstanding as at the close of business on March 6, 2020, to a maximum aggregate acquisition cost of approximately $3,000,000. The...

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CIBT Education Group Provides Business Update Relating to the Coronavirus Outbreak

March 5, 2020

Vancouver, B.C., March 5th, 2020 - CIBT Education Group Inc. (TSX: MBA, OTCQX International: MBAIF) ("CIBT" or the "Company") provides the following update relating to the Coronavirus (COVID-19) outbreak and its current impact on the Company's various business units. Education Business: Sprott Shaw College enrols over 4,000 domestic students in British Columbia throughout the year.  There is no impact on domestic student enrolment. Sprott Shaw College's international department and our recruitment division, Global Education Alliance, enrols...

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CIBT Education Group Provides Project Financing Update

March 2, 2020

Vancouver, B.C., March 2nd, 2020 - CIBT Education Group Inc. (TSX: MBA, OTCQX International: MBAIF) (“CIBT” or the “Company”) is pleased to provide the following update relating to various financing activities for CIBT anPreview postd its GEC® portfolio. As of the second quarter ending February 29th, 2020, the following financing activities were completed by CIBT and by CIBT subsidiaries in connection with GEC®: GEC® Education Mega Center completed mortgage re-financing of $33 million GEC® Oakridge completed...

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CIBT Education Group Provides Corporate Update on GEC Projects

February 18, 2020

Vancouver, B.C., February 18th, 2020 - CIBT Education Group Inc. (TSX: MBA, OTCQX International: MBAIF) (“CIBT” or the “Company”) is pleased to provide the following update relating to various student housing projects under development that are controlled by CIBT. “Below, we have highlighted our expansive and growing portfolio of student housing assets currently under development and the projected market value of each,” said Toby Chu, Chairman and CEO of CIBT Education Group. “With our core focus...

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CIBT Education Group Inc. Reports Director Election Results

February 14, 2020

Vancouver, BC, February 14, 2020 - CIBT Education Group Inc. (TSX: MBA, OTCQX International: MBAIF) (“CIBT”) reports the director election voting results from its annual general meeting held today.  All of the director nominees, as listed in the management information circular dated December 23, 2019, were elected.  Proxy voting as to each of the director nominees was as follows:   Votes in Favour Votes Withheld Morris Chen 93.82% 6.18% Toby Chu 93.72% 6.28% Tony David...

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CIBT Reports Financial Results for First Quarter of Fiscal 2020

January 14, 2020

CIBT Reports Financial Results for First Quarter of Fiscal 2020 Vancouver, B.C., January 14, 2020 - 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 and analysis for its first quarter of fiscal 2020 ended November 30, 2019 (collectively, the “Q1 Filing”). The following is selected financial information for the first quarter of fiscal...

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