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Cibt Education Group Inc. J (T:MBA)

Business Focus: N/A

Apr 17, 2023 07:00 am ET
CIBT Announces Change of Name to Global Education Communities Corp
VANCOUVER, BC / ACCESSWIRE / April 17, 2023 / CIBT Education Group Inc. (the "Company" or "GEC Corp.") (TSX:MBA)(OTCQX:MBAIF) is pleased to announce that it will change its name from CIBT Education Group Inc. to Global Education Communities Corp. It is expected that trading in the Company's shares on the Toronto Stock Exchange will commence under the new name and trading symbol ‘GEC' effective at the open of trading on April 20, 2023 and on the OTCQX International under the symbol ‘GECSF'. Until then, the Compan
Apr 14, 2023 05:45 pm ET
CIBT Reports 2023 Second Quarter Financial Results
VANCOUVER, BC / ACCESSWIRE / April 14, 2023 / CIBT Education Group Inc. ("CIBT" or the "Company") (TSX:MBA)(OTCQX:MBAIF) is pleased to report that it has filed on SEDAR its consolidated financial statements ("Q2 2023 Financial Statements") and related management's discussion and analysis ("MD&A") for its second quarter of fiscal 2023 ended February 28, 2023 (collectively, the "Q2 Filing"). The following is selected financial information for
Mar 21, 2023 07:00 am ET
CIBT to Participate in North American Investment for Student Housing & University Real Estate "SHURE" Conference
VANCOUVER, BC / ACCESSWIRE / March 21, 2023 / CIBT Education Group Inc. ("CIBT" or the "Company") (TSX:MBA)(OTCQX International:MBAIF), is pleased to announce that the Company's CEO, Toby Chu, will participate in an exclusive interview hosted by CAPRE's North American Investment for Student Housing & University Real Estate ("SHURE") Conference on April 20, 2023.
Mar 17, 2023 07:00 am ET
CIBT Education Group Inc. Reports Normal Course Issuer Bid
VANCOUVER, BC / ACCESSWIRE / March 17 2023 / CIBT Education Group Inc. (TSX:MBA)(OTCQX: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 3,374,877 of its common shares, representing approximately 5% of the 67,497,540 common shares which were issued and outstanding as at the close of business on March 10, 2023 (net of shares purchased under the previous NCIB but not yet cancelled), to a
Feb 21, 2023 07:00 am ET
CIBT's GEC King Edward Project is Near Completion
VANCOUVER, BC / ACCESSWIRE / February 21, 2023 / CIBT Education Group Inc. ("CIBT" or the "Company") (TSX:MBA)(OTCQX:MBAIF) is pleased to report that GEC® King Edward has entered the final stages of its completion phase. The occupancy inspection of the project is expected to start in March 2023. The leasehold improvement and furniture installation will follow issuance of the occupancy permit.
Feb 13, 2023 07:00 am ET
CIBT Subsidiary Featured in Richmond News and DailyHive
VANCOUVER, BC / ACCESSWIRE / February 13, 2023 / CIBT Education Group Inc. (TSX:MBA)(OTCQX:MBAIF) ("CIBT" or the "Company") is pleased to report that one of its flagship projects, GEC® CyberCity in Richmond, British Columbia, has been featured in "Richmond News" and also "Dailyhive", two online news portals, in articles titled "Two towers proposed for Richmond riverfront" on February 8, 2023, and "Waterfront student housing and office complex planned near SkyTrain Aberdeen
Feb 10, 2023 06:00 pm ET
CIBT Education Group Inc. Reports Director Election Results
VANCOUVER, BC / ACCESSWIRE / February 10, 2023 / CIBT Education Group Inc. (TSX:MBA)(OTCQX: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 January 3, 2023, were elected. Proxy voting as to each of the director nominees was as follows:
Jan 16, 2023 05:45 pm ET
CIBT Reports 2023 First Quarter Financial Results
VANCOUVER, BC / ACCESSWIRE / January 16, 2023 / CIBT Education Group Inc. (" CIBT " or the " Company ") (TSX:MBA)(OTCQX:MBAIF) 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 2023 ended November 30, 2022 (collectively, the " Q1 Filing "). The following is selected financial information for the three months ended November 30, 2022 (" Q1 2023 ") and compar
Nov 29, 2022 10:00 pm ET
CIBT Reports Financial Results for Fiscal Year Ended August 31, 2022
VANCOUVER, BC / ACCESSWIRE / November 29, 2022 / CIBT Education Group Inc. ("CIBT" or the "Company") (TSX:MBA, OTCQX International:MBAIF) reports that it has filed on SEDAR its annual audited consolidated financial statements (the "Annual Financial Statements") and related Management's Discussion & Analysis (the "MD&A") (collectively, the "2022 Financial Report") for the fiscal year ended August 31, 2022 ("Fiscal 2022
Oct 07, 2022 05:00 pm ET
CIBT Subsidiary Commences Legal Action Against Romspen Investment Corporation
VANCOUVER, BC / ACCESSWIRE / October 7, 2022 / CIBT Education Group Inc. (TSX:MBA)(OTCQX International:MBAIF) ("CIBT" or the "Company") reports that the Company's subsidiary, GEC (Richmond) GP Inc. ("GEC Richmond"), and the limited partnership of which it is the general partner, Global Education City (Richmond) Limited Partnership, have filed a notice of civil claim with the Supreme Court of BC commencing legal action against a mortgage lender, Romspen Investment Corporation, alleging breach of co
Sep 26, 2022 07:00 am ET
CIBT Subsidiary Global Education City Holdings Featured in DailyHive News
VANCOUVER, BC / ACCESSWIRE / September 26, 2022 / CIBT Education Group Inc. (TSX:MBA), (OTCQX:MBAIF) ("CIBT" or the "Company") is pleased to report that the Company's wholly-owned subsidiary, Global Education City Holdings Inc ("GECH") has been featured in "Dailyhive", an online news portal, in an article titled, "200 beds of student housing to open at King Edward SkyTrain station in Vancouver in 2023", on September 20th, 2022.
Sep 15, 2022 05:15 pm ET
CIBT Provides Update on its Portfolio of Academic Assets and Real Estate Investments
VANCOUVER, BC / ACCESSWIRE / September 15, 2022 / CIBT Education Group Inc. (TSX:MBA, OTCQX International:MBAIF) ("CIBT" or the "Company") is pleased to provide the following updates on its portfolio of academic assets and real estate investments.
Sep 14, 2022 05:00 pm ET
Global Education City Holdings Featured in STOREYS Newsletter
VANCOUVER, BC / ACCESSWIRE / September 14, 2022 / CIBT Education Group Inc. (TSX:MBA, OTCQX International:MBAIF) ("CIBT" or the "Company") is pleased to report that the Company's wholly-owed subsidiary, Global Education City Holdings Inc. , has been featured in "STOREYS", an online real estate news portal, in an article titled "Back to School, Back to the Harsh Realities of the Vancouver Rental Market" on September 8th, 2022.
Jul 14, 2022 06:15 pm ET
CIBT Reports Financial Results for Third Quarter of Fiscal 2022
VANCOUVER, BC / ACCESSWIRE / July 14, 2022 / CIBT Education Group Inc. (TSX:MBA)(OTCQX: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 third quarter of fiscal 2022 ended May 31, 2022 (collectively, the " Q3 Filing "). The following is selected financial information for the nine months ended May 31, 2022 (" Q3 2022 ") and comparative results
Apr 13, 2022 06:00 pm ET
CIBT Reports Financial Results for Second Quarter of Fiscal 2022
VANCOUVER, BC / ACCESSWIRE / April 13, 2022 / CIBT Education Group Inc. (TSX:MBA)(OTCQX: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 second quarter of fiscal 2022 ended February 28, 2022 (collectively, the " Q2 Filing "). The following is selected financial information for the six months ended February 28, 2022 (" Q2 2022 ") and comparati
Apr 08, 2022 06:15 pm ET
CIBT Provides Update on One of Its Real Estate Investments in Richmond, BC
VANCOUVER, BC / ACCESSWIRE / April 8, 2022 / CIBT Education Group Inc. (TSX:MBA)(OTCQX:MBAIF) ("CIBT" or the "Company") provides the following update on one of its real estate investments in Richmond, B.C.
Mar 21, 2022 05:00 pm ET
CORRECTION FROM SOURCE: CIBT Reports Normal Course Issuer Bid
This Press Release Replaces the Press Release Issued on March 17, 2022 to Provide a More Accurate Percentage of the Maximum Number of Shares Authorized for Buy-Back
Mar 17, 2022 07:00 am ET
CIBT Reports Normal Course Issuer Bid
VANCOUVER, BC / ACCESSWIRE / March 17, 2022 / CIBT Education Group Inc. (TSX:MBA)(OTCQX: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 3,423,000 of its common shares, representing approximately 4.999% of the 68,460,740 common shares which were issued and outstanding as at the close of business on March 16, 2022 (net of shares purchased under the previous NCIB but not yet cancelled),
Jan 28, 2022 07:00 pm ET
CIBT Education Group Inc. Reports Director Election Results
VANCOUVER, BC / ACCESSWIRE / January 28, 2022 / CIBT Education Group Inc. (TSX.V:MBA)(OTCQX: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 9, 2021, were elected. Proxy voting as to each of the director nominees was as follows:
Jan 14, 2022 05:00 pm ET
CIBT Reports Financial Results for First Quarter of Fiscal 2022
VANCOUVER, BC / ACCESSWIRE / January 14, 2022 / CIBT Education Group Inc. (TSX:MBA)(OTCQX: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 2022 ("F2022") ended November 30, 2021 (collectively, the "Q1 Filing"). The following is selected financial information for the three months ended November 30, 2021 ("Q1 20
Nov 29, 2021 07:15 pm ET
CIBT Reports Financial Results for Fiscal Year Ended August 31, 2021
VANCOUVER, BC / ACCESSWIRE / November 29, 2021 / CIBT Education Group Inc. ("CIBT" or the "Company") (TSX:MBA)(OTCQX:MBAIF) reports that it has filed on SEDAR its annual audited consolidated financial statements (the "Annual Financial Statements") and related Management's Discussion & Analysis (the "MD&A") (collectively, the "2021 Financial Report") for the fiscal year ended August 31st, 2021 ("Fiscal 2021
Oct 25, 2021 07:00 am ET
CIBT Provides Business Updates on its Education Segment
VANCOUVER, BC / ACCESSWIRE / October 25, 2021 / CIBT Education Group Inc. ("CIBT" or the "Company") (TSX:MBA, OTCQX:MBAIF) is pleased to provide the following updates on the Company's education segment prepared by Victor Tesan, President of Sprott Shaw College and Chief Operating Officer of CIBT's Education Services Division.
Sep 09, 2021 05:00 pm ET
CIBT Provides Update on its Portfolio of Academic Assets and Real Estate Investments
VANCOUVER, BC / ACCESSWIRE / September 9, 2021 / CIBT Education Group Inc. (TSX:MBA)(OTCQX:MBAIF) ("CIBT" or the "Company") is pleased to provide the following updates on its portfolio of academic assets and real estate investments.
Sep 07, 2021 07:00 am ET
CIBT Recognized in Various Top 100 Lists by Business in Vancouver Newspaper
VANCOUVER, BC / ACCESSWIRE / September 7, 2021 / CIBT Education Group Inc. (TSX:MBA)(OTCQX:MBAIF) ("CIBT" or the "Company") is pleased to report that the Company is named one of the Top 100 Fastest-Growing Companies in British Columbia in the August 30th, 2021 issue of the Business in Vancouver ("BIV") newspaper. The Company was also named one of the Top 100 Public Companies in British Columbia in the August 2021 edition of BIV's Book of Lists magazine. Additionally, the C
Sep 02, 2021 07:00 am ET
CIBT Featured in the Globe and Mail Newspaper
VANCOUVER, BC / ACCESSWIRE / September 2, 2021 / CIBT Education Group Inc. (TSX:MBA)(OTCQX:MBAIF) ("CIBT" or the "Company") reports that one of its flagship projects, GEC Education Mega Center® in Surrey, British Columbia, has been featured in "The Globe and Mail" in an article titled "In Vancouver, ‘mega' education centre sets the grade".
Sep 01, 2021 05:55 pm ET
CIBT Comments on the Current State of Richmond Atmosphere Project
VANCOUVER, BC / ACCESSWIRE / September 1, 2021 / Toby Chu, Chairman and CEO of CIBT Education Group Inc. (TSX:MBA)(OTCQX:MBAIF) ("CIBT" or the "Company"), has issued a statement in response to a news article recently published about the ongoing development and delays of the Atmosphere Project in Richmond, B.C.
Jul 15, 2021 07:00 am ET
CIBT Reports Financial Results for Third Quarter of Fiscal 2021
VANCOUVER, BC / ACCESSWIRE / July 15, 2021 / CIBT Education Group Inc. (TSX:MBA)(OTCQX: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 third quarter of fiscal 2021 ended May 31, 2021 (collectively, the " Q3 Filing "). The following is selected financial information for the nine months ended May 31, 2021 (" Q3 2021 ") and comparative results
Jul 06, 2021 07:00 am ET
CIBT Provides Update on Its $60 Million Raise for the GEC Education Mega Center Project
VANCOUVER, BC / ACCESSWIRE / July 6, 2021 / CIBT Education Group Inc. (TSX:MBA)(OTCQX:MBAIF) ("CIBT" or the "Company") reports that further to its news release dated March 2, 2021 regarding its plans to raise $60 million for the GEC® flagship project, the Education Mega Center (the "Project"), a subsidiary of the Company has signed a non-binding term sheet with an independently owned mortgage lender and investment fund manager committing up to $50 million by way of loans and an equity or equi
May 31, 2021 07:00 am ET
CIBT & Subsidiaries Receive $8.9 Million in Equity and Bond Subscriptions
VANCOUVER, BC / ACCESSWIRE / May 31, 2021 / CIBT Education Group Inc. (TSX:MBA)(OTCQX:MBAIF) ("CIBT" or the "Company") is pleased to report that the Company and its various subsidiaries have received a total of $8.9 million from its corporate finance activities including limited partnership investments and corporate bond subscriptions during the period from March 1, 2021 to May 28, 2021.
May 25, 2021 07:00 am ET
CBRE Commences Marketing Launch to Monetize a Portion of CIBT’s Real Estate Portfolio
VANCOUVER, BC / ACCESSWIRE / May 25, 2021 / CIBT Education Group Inc. (TSX:MBA)(OTCQX:MBAIF) ("CIBT" or the "Company") is pleased to report that CBRE Limited ("CBRE"), a leading Canadian real estate brokerage and the top-ranked firm for commercial real estate investment sales globally, has formally started its marketing campaign to exclusively list for sale six highly desirable GEC® rental buildings.
Apr 19, 2021 07:00 am ET
CIBT Announces Subsidiary's Plan to Monetize Six GEC Branded Buildings
VANCOUVER, BC / ACCESSWIRE / April 19, 2021 / CIBT Education Group Inc. (TSX:MBA)(OTCQX:MBAIF) ("CIBT" or the "Company") is pleased to announce the signing of an exclusive agency agreement between their wholly-owned subsidiary, Global Education City Holdings Inc. ("Global Holdings"), and CBRE Limited ("CBRE"), a leading Canadian real estate brokerage and the top-ranked firm for commercial real estate investment sales globally, to exclusively list for sale six highly desirable GEC® rental buildings locate
Apr 14, 2021 05:15 pm ET
CIBT Reports Financial Results for Second Quarter of Fiscal 2021
VANCOUVER, BC / ACCESSWIRE / April 14, 2021 / CIBT Education Group Inc. (TSX:MBA)(OTCQX: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 second quarter of fiscal 2021 ended February 28, 2021 (collectively, the "Q2 Filing"). The following is selected financial information for the six months ended February 28, 2021 ("Q2 2021") and comparative results ("Q2 2020"). Ple
Mar 02, 2021 07:00 am ET
CIBT Subsidiary Plans to Raise $60 Million Equity for Construction of GEC Education Mega Center
VANCOUVER, BC / ACCESSWIRE / March 2, 2021 / CIBT Education Group Inc. (TSX:MBA)(OTCQX:MBAIF) ("CIBT" or the "Company") reports that its subsidiary, GEC Education Center Limited Partnership, plans to raise total equity of $60 million to fund the construction of GEC Education Mega Center® (the "Project"). The financing of the Project is expected to be progressive in that the offering price of each unit offering will increase in phases consistent with the construction progress.
Feb 23, 2021 05:00 pm ET
CIBT’s GEC Education Mega Center Receives City Council Approval at Third Public Hearings
VANCOUVER, BC / ACCESSWIRE / February 23, 2021 / CIBT Education Group Inc. (TSX:MBA)(OTCQX:MBAIF) ("CIBT" or the "Company") is pleased to report that its flagship project, GEC Education Mega Center® (the "Project"), received approval from Surrey City Council at the third Public Hearing on February 22, 2021. The Project will now proceed to the Enactment of Bylaw. The Company will prepare the Development Permit application, followed by the Building Permit application. Construction of the Project is expected to comme
Feb 12, 2021 07:00 am ET
CIBT Reports an Amendment to its Normal Course Issuer Bid
VANCOUVER, BC / ACCESSWIRE / February 12, 2021 / CIBT Education Group Inc. (TSX:MBA)(OTCQX:MBAIF) ("CIBT") reports that it has received approval from Toronto Stock Exchange ("TSX") to increase the maximum number of shares that may be purchased under its current normal course issuer bid (the "Current NCIB"), from 3,000,000 to 3,727,177 common shares representing 5% of the 74,543,540 common shares that were issued and outstanding as at the close of business on March 6, 2020, to a maximum aggregate acquisiti
Feb 10, 2021 07:00 am ET
CIBT’s GEC Education Mega Center(R) Receives City Council Approval at First and Second Public Hearings
VANCOUVER, BC / ACCESSWIRE / February 10, 2021 / CIBT Education Group Inc. (TSX:MBA)(OTCQX:MBAIF) ("CIBT" or the "Company") is pleased to report that its flagship project, GEC Education Mega Center® (the "Project"), received approval from Surrey City Council at the first and second Public Hearings held on February 8, 2021. The Project is scheduled to proceed to the third Public Hearing on February 22, 2021, followed by the Enactment of Bylaw. The Company will start the Development Permit application process after the Enactment of B
Jan 20, 2021 05:00 pm ET
CIBT’s GEC Oakridge Project Receives City Council Public Hearing Approval
VANCOUVER, BC / ACCESSWIRE / January 20, 2021 / CIBT Education Group Inc. (TSX:MBA)(OTCQX:MBAIF) ("CIBT" or the "Company") is pleased to report that its subsidiary, GEC Oakridge Acquisition Limited Partnership, received approval for its GEC® Oakridge project (the "Project") from Vancouver City Council at the Public Hearing held on January 19, 2021. The Project will now enter the Final Reading phase - the Enactment of Bylaw. The Company will start the Development Permit application process immediately. After the Final Rea
Jan 15, 2021 05:05 pm ET
CIBT Education Group Inc. Reports Director Election Results
VANCOUVER, BC / ACCESSWIRE / January 15, 2021 / CIBT Education Group Inc. (TSX:MBA, OTCQX: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 November 30, 2020, were elected. Proxy voting as to each of the director nominees was as follows:
Jan 14, 2021 05:25 pm ET
CIBT Reports Financial Results for First Quarter of Fiscal 2021
VANCOUVER, BC / ACCESSWIRE / January 14, 2021 / CIBT Education Group Inc. (TSX:MBA)(OTCQX: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 2021 ended November 30, 2020 (collectively, the "Q1 Filing"). The following is selected financial information for the three months ended November 30, 2020 ("Q1 2021") and comparative results. Please refer to the Q1 Filing in its en
Jan 05, 2021 07:00 am ET
CIBT Provides Update on GEC King Edward Project
VANCOUVER, BC / ACCESSWIRE / January 5, 2021 / CIBT Education Group Inc. (TSX:MBA)(OTCQX:MBAIF) ("CIBT" or the "Company") is pleased to provide an update on the GEC King Edward® project (the "Project"). In October 2017, GEC King Edward Limited Partnership acquired three parcels of land to develop student-centric rental apartments to be combined with allocated floors for Vancouver's burgeoning corporate housing sector. The Project received rezoning approval on January 21, 2020 and the development permit on September 9, 2020. On October 16, 2020, the
Jan 04, 2021 05:00 pm ET
CIBT’s Sprott Shaw College and Covenant House Vancouver Launch Scholarship Program for Homeless and At-Risk Youth
VANCOUVER, BC / ACCESSWIRE / January 4, 2021 / CIBT Education Group Inc. (TSX:MBA)(OTCQX:MBAIF) ("CIBT" or the "Company") is pleased to announce that its wholly-owned education subsidiary, Sprott Shaw College, has formed a collaborative effort with Covenant House Vancouver, a youth social services organization, to establish a scholarship program (the "Program") with a scholarship fund of $0.5 million expandable up to $1 million over two years.
Dec 02, 2020 07:00 am ET
CIBT's Education Mega Center Receives ADP Approval
VANCOUVER, BC / ACCESSWIRE / December 2, 2020 / CIBT Education Group Inc. (TSX:MBA)(OTCQX:MBAIF) ("CIBT" or the "Company") is pleased to report that one of its flagship projects, GEC® Education Mega Center ("EMC") in Surrey, British Columbia has received conditional approval at the Advisory Design Panel public hearing on November 19th, 2020. Such approval is subject to the satisfaction of specific recommendations to enhance the design of EMC and complete other minor adjustments. None of the conditions are material. The planning dep
Dec 01, 2020 06:00 pm ET
CIBT Education Group Reports C$7M Investment Commitment for GEC Oakridge
VANCOUVER, BC / ACCESSWIRE / December 1, 2020 / CIBT Education Group Inc. (TSX:MBA)(OTCQX:MBAIF) ("CIBT" or the "Company") is pleased to report that an investor has agreed to invest a total of $7 million in two tranches into the GEC® Oakridge project. The first tranche of $3.5 million has closed, with the second tranche to close on or before May 31, 2021.
Dec 01, 2020 05:00 pm ET
CIBT Reports Financial Results for Fiscal Year Ended August 31, 2020
VANCOUVER, BC / ACCESSWIRE / December 1, 2020 / CIBT Education Group Inc. ("CIBT" or the "Company") (TSX:MBA)(OTCQX:MBAIF) reports that it has filed on SEDAR its annual audited consolidated financial statements (the "Annual Financial Statements") and related Management's Discussion & Analysis (the "MD&A") (collectively, the "2020 Financial Report") for the fiscal year ended August 31, 2020 ("Fiscal 2020"). This news release should be read in conjunction with the 2020
Nov 09, 2020 07:00 am ET
CIBT Provides Update on Its Normal Course Issuer Bid (Share Buy-Back)
VANCOUVER, BC / ACCESSWIRE / November 9, 2020 / CIBT Education Group Inc. (TSX:MBA)(OTCQX:MBAIF) ("CIBT" or the "Company") is pleased to provide an update on the Company's normal course issuer bid ("NCIB"). From March 12, 2020, to November 2, 2020, the Company purchased 2,122,200 of its common shares through a normal course issuer bid at a weighted average price of $0.55 per share. These purchases were effected through the TSX and other Canadian market places/alternative market places. The Company has cancelled an aggregate of 9,128,800 common
Nov 04, 2020 07:00 am ET
CIBT Education Subsidiaries Receive Approval from Government of Canada to Resume International Students Enrollment
VANCOUVER, BC / ACCESSWIRE / November 4, 2020 / CIBT Education Group Inc. (TSX:MBA)(OTCQX:MBAIF) ("CIBT" or the "Company") is pleased to announce that its education subsidiaries, Sprott Shaw College and Sprott Shaw Language College, have received approval from the British Columbia Ministry of Education and the Government of Canada to resume accepting international students from selected countries. Such approval is only granted to schools with a COVID-19 readiness plan accepted by their home province as part of a partial border re-opening.
Nov 03, 2020 07:00 am ET
CIBT Group Provides Update on its GEC(R) Branded Real Estate Portfolio
VANCOUVER, BC / ACCESSWIRE / November 3, 2020 / CIBT Education Group Inc. (TSX:MBA)(OTCQX:MBAIF) ("CIBT" or the "Company"), a leading education and student housing provider, is pleased to provide an update on its GEC® branded real estate portfolio.
Oct 27, 2020 07:10 pm ET
CIBT Subsidiary Completes the Acquisition of the 15th and 16th GEC(R) Branded Buildings for $48.5 Million
VANCOUVER, BC / ACCESSWIRE / October 27, 2020 / CIBT Education Group Inc. (TSX:MBA)(OTCQX:MBAIF) ("CIBT" or the "Company") is pleased to announce that its newest subsidiary limited partnership, GEC® Marine Gateway Limited Partnership ("Project 11"), has completed the acquisition of two residential rental buildings collectively called GEC® Marine Gateway ("MC1 and MC2") located at the corner of Cambie Street, West 64th Avenue and South West Marine Drive in Vancouver.
Oct 19, 2020 07:00 am ET
CIBT Subsidiary Reports Oversubscribed Equity Raise
VANCOUVER, BC / ACCESSWIRE / October 19, 2020 / CIBT Education Group Inc. (TSX:MBA)(OTCQX: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.
Oct 01, 2020 05:00 pm ET
CIBT Subsidiary Advances Closing Conditions for the Acquisition of Two Buildings
VANCOUVER, BC / ACCESSWIRE / October 1, 2020 / CIBT Education Group Inc. (TSX:MBA)(OTCQX: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.
Sep 25, 2020 09:00 am ET
CIBT Places No. 334 on the Globe and Mail’s Second-Annual Ranking of Canada's Top Growing Companies
VANCOUVER, BC / ACCESSWIRE / September 25, 2020 / CIBT Education Group Inc. (TSX:MBA)(OTCQX: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%.
Sep 10, 2020 07:00 am ET
CIBT Ranks #33 on the 2020 Business in Vancouver List of Top 100 Fastest-Growing Companies in BC
VANCOUVER, BC / ACCESSWIRE / September 10, 2020 / CIBT Education Group Inc. (TSX:MBA)(OTCQX: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.
Sep 08, 2020 07:00 am ET
CIBT Education Group Subsidiary Receives CA$13.1M Investment
VANCOUVER, BC / ACCESSWIRE / September 8, 2020 / CIBT Education Group Inc. (TSX:MBA)(OTCQX: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 announced shortly. Assuming the acquisition completes, the GEC&
Sep 01, 2020 07:00 am ET
CIBT Education Group Subsidiaries Receive $4.9 Million in Investments
VANCOUVER, BC / ACCESSWIRE / September 1, 2020 / CIBT Education Group Inc. (TSX:MBA)(OTCQX: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 department is expecting to submit o
Aug 24, 2020 07:00 am ET
CIBT Education Group Explores Potential to Spin-Off Its Real Estate Subsidiary
VANCOUVER, BC / ACCESSWIRE / August 24, 2020 / CIBT Education Group Inc. (TSX:MBA)(OTCQX:MBAIF) ("CIBT" or the "Company") is pleased to announce the commencement of a review process to explore opportunities to enhance shareholder value.
Aug 19, 2020 06:00 pm ET
Sprott Shaw College Celebrates Its 2020 Graduating Class with an Online Ceremony - First Ever in 117 Years
VANCOUVER, BC / ACCESSWIRE / August 19, 2020 / CIBT Education Group Inc. (TSX:MBA)(OTCQX: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 history
Jul 14, 2020 06:30 pm ET
CIBT Reports Financial Results for Third Quarter of Fiscal 2020
VANCOUVER, BC / ACCESSWIRE / July 14, 2020 / CIBT Education Group Inc. (TSX:MBA)(OTCQX: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 third quarter of fiscal 2020 ended May 31, 2020 (collectively, the "Q3 Filing"). The following is selected financial information for the nine months ended May 31, 2020 ("Q3 2020") and comparative results. Please refer to the Q3 Filing in its entirety, which is available under CIBT'
Jun 09, 2020 07:00 pm ET
CIBT Subsidiary Signs Formal Agreement to Purchase the 15th and 16th GEC Branded Buildings in Metro Vancouver
VANCOUVER, BC / ACCESSWIRE / June 9, 2020 / CIBT Education Group Inc. (TSX:MBA)(OTCQXl:MBAIF) ("CIBT" or the "Company") is pleased to report that one of its subsidiaries has signed a binding agreement to purchase two apartment buildings located in Metro Vancouver ("GEC® Project #11"). This transaction marks the eleventh GEC® branded project in Metro Vancouver comprising, upon closing, a total of sixteen buildings located in Burnaby, Vancouver, Richmond and Surrey. This transaction scheduled to close in August 2020,
May 26, 2020 05:35 pm ET
CIBT Group Provides Answers to Frequently Asked COVID-19 Related Questions
VANCOUVER, BC / ACCESSWIRE / May 26, 2020 / CIBT Education Group Inc. (TSX:MBA)(OTCQX:MBAIF) ("CIBT" or the "Company") provides the following answers to questions frequently asked by our shareholders with respect to the impact of COVID-19 on the Company.
May 21, 2020 03:31 pm ET
CIBT Group Pledges its Support to Take a Stand Against Racism
via NEWMEDIAWIRE -- CIBT Education Group Inc. (TSX: MBA, OTCQX International: MBAIF) ("CIBT" or the "Company") pledges its support to take a stand against racism.  The following statement was issued today by the Business Council of British...
May 21, 2020 03:22 pm ET
CIBT Group Pledges its Support to Take a Stand Against Racism
VANCOUVER, BC / ACCESSWIRE / May 21, 2020 / CIBT Education Group Inc. (TSX:MBA)(OTCQX:MBAIF) ("CIBT" or the "Company") pledges its support to take a stand against racism. The following statement was issued today by the Business Council of British Columbia:
May 21, 2020 03:16 pm ET
CIBT Group Pledges its Support to Take a Stand Against Racism
Vancouver, British Columbia--(Newsfile Corp. - May 21, 2020) - CIBT Education Group Inc. (TSX: MBA) (OTCQX: MBAIF) ("CIBT" or the "Company") pledges its support to take a stand against racism. The following statement was issued today by the Business Council of British Columbia:
May 04, 2020 07:00 am ET
CIBT Named One of The Americas' Fastest Growing Companies 2020 by Financial Times
via NEWMEDIAWIRE ‒ CIBT Education Group Inc. (TSX: MBA, OTCQX International: MBAIF) ("CIBT" or the "Company") is pleased to report that the Company was ranked number 372 among the Americas' Top 500 Fastest-Growing Companies 2020 by the Financial...
May 04, 2020 07:00 am ET
CIBT Named One of The Americas' Fastest Growing Companies 2020 by Financial Times
Vancouver, British Columbia--(Newsfile Corp. - May 4, 2020) - CIBT Education Group Inc. (TSX: MBA) (OTCQX: MBAIF) ("CIBT" or the "Company") is pleased to report that the Company was ranked number 372 among the Americas' Top 500 Fastest-Growing Companies 2020 by the Financial Times. The ranking included companies from across the United States, Canada, Mexico, and South America, including Brazil and Colombia. This prestigious ranking comes at an unprecedented time for many companies, yet highlights the innovation and creativity these 500 businesses possess enabling them to thrive within their respective sectors.
Apr 15, 2020 05:00 pm ET
Sprott Shaw College Joins the Fight Against COVID-19
via NEWMEDIAWIRE -- Sprott Shaw College (“Sprott Shaw”) announces that it will join the fight against COVID-19.  Sprott Shaw will donate approximately 5,000 pieces of medical supplies to the healthcare sector in Metro Vancouver.  Also, Sprott Shaw...
Apr 15, 2020 05:00 pm ET
Sprott Shaw College Joins the Fight Against COVID-19
Vancouver, British Columbia--(Newsfile Corp. - April 15, 2020) - Sprott Shaw College ("Sprott Shaw") announces that it will join the fight against COVID-19. Sprott Shaw will donate approximately 5,000 pieces of medical supplies to the healthcare sector in Metro Vancouver. Also, Sprott Shaw has organized qualified staff, healthcare faculty members and student volunteers in fighting the frontline battles at hospitals, senior care homes, and other community centres. Collectively, Sprott Shaw has donated gloves, surgical and N95 masks, alcohol swabs, face shields, and other protective medical supplies that hospitals such as the Vancouver General Hospital and the Royal Inland Hospital may urgently need.
Apr 15, 2020 07:00 am ET
CIBT Announces New Appointments to the Executive Team
via NEWMEDIAWIRE -- CIBT Education Group Inc. (TSX: MBA, OTCQX International: MBAIF) ("CIBT" or the "Company") is pleased to announce the following appointments to its executive team. Mr. Victor Tesan, currently President of Sprott Shaw College,...
Apr 15, 2020 07:00 am ET
CIBT Announces New Appointments to the Executive Team
Vancouver, British Columbia--(Newsfile Corp. - April 15, 2020) - CIBT Education Group Inc. (TSX: MBA) (OTCQX: MBAIF) ("CIBT" or the "Company") is pleased to announce the following appointments to its executive team.
Apr 14, 2020 07:06 pm ET
CIBT Reports Financial Results for Second Quarter of Fiscal 2020
Vancouver, British Columbia--(Newsfile Corp. - April 14, 2020) - CIBT Education Group Inc. (TSX: MBA) (OTCQX: 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 second quarter of fiscal 2020 ending February 29, 2020 (collectively, the "Q2 Filing"). The following is selected financial information for the second quarter of fiscal 2020 ended February 29, 2020 ("Q2 2020") and comparative results. Please refer to the Q2 Filing in its entirety, which is available under CIBT's profile at www.sedar.com.
Apr 14, 2020 06:38 pm ET
CIBT Reports Financial Results for Second Quarter of Fiscal 2020
via NEWMEDIAWIRE -- 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...
Apr 01, 2020 07:00 am ET
CIBT Provides Update on Student Housing Operations
via NEWMEDIAWIRE -- CIBT Education Group Inc. (TSX: MBA, OTCQX International: MBAIF) ("CIBT" or the "Company"), is pleased to provide a corporate update to investors regarding the operational status of its GEC® student housing portfolio and the...
Apr 01, 2020 07:00 am ET
CIBT Provides Update on Student Housing Operations
Vancouver, British Columbia--(Newsfile Corp. - April 1, 2020) - CIBT Education Group Inc. (TSX: MBA) (OTCQX: MBAIF) ("CIBT" or the "Company"), is pleased to provide a corporate update to investors regarding the operational status of its GEC® student housing portfolio and the impact of the outbreak of COVID-19 on the student housing operations.
Mar 27, 2020 07:00 am ET
CIBT Featured in the Globe and Mail Newspaper
via NEWMEDIAWIRE -- CIBT Education Group Inc. (TSX: MBA, OTCQX International: MBAIF) ("CIBT" or the "Company") reports that the Company was featured in the March 25, 2020 issue of the Globe and Mail newspaper in an article titled: "Student housing...
Mar 27, 2020 07:00 am ET
CIBT Featured in the Globe and Mail Newspaper
Vancouver, British Columbia--(Newsfile Corp. - March 27, 2020) - CIBT Education Group Inc. (TSX: MBA) (OTCQX: MBAIF) ("CIBT" or the "Company") reports that the Company was featured in the March 25, 2020 issue of the Globe and Mail newspaper in an article titled: "Student housing companies expanding despite pandemic." To view the article, please visit the Globe and Mail website at https://www.theglobeandmail.com/real-estate/vancouver/article-student-housing-companies-expanding-despite-pandemic/
Mar 17, 2020 07:49 pm ET
CIBT Subsidiary Closes on GEC Oakridge Land Purchase
Vancouver, British Columbia--(Newsfile Corp. - March 17, 2020) - CIBT Education Group Inc. (TSX: MBA) (OTCQX: 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.
Mar 17, 2020 07:43 pm ET
CIBT Subsidiary Closes on GEC Oakridge Land Purchase
via NEWMEDIAWIRE -- 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...
Mar 09, 2020 07:54 pm ET
CORRECTION FROM SOURCE: CIBT Reports Normal Course Issuer Bid
Vancouver, British Columbia--(Newsfile Corp. - March 9, 2020) -  CIBT Education Group Inc. (TSX: MBA) (OTCQX: 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 NCIB is being implemented because management believes that purchases under the NCIB constitute a desirable use of its funds on the basis that recent market prices of the common shares do not, and at certain times during the course of the NCIB may not, fully reflect the value of CIBT's business and future business prospects.
Mar 09, 2020 06:57 pm ET
Update: CIBT Reports Normal Course Issuer Bid
via NEWMEDIAWIRE -- 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...
Mar 09, 2020 05:00 pm ET
CIBT Reports Normal Course Issuer Bid
via NEWMEDIAWIRE -- 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...
Mar 09, 2020 05:00 pm ET
CIBT Reports Normal Course Issuer Bid
Vancouver, British Columbia--(Newsfile Corp. - March 9, 2020) - CIBT Education Group Inc. (TSX: MBA) (OTCQX: 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 NCIB is being implemented because management believes that purchases under the NCIB constitute a desirable use of its funds on the basis that recent market prices of the common shares do not, and at certain times during the course of the NCIB may not, fully reflect the value of CIBT's business and future business prospects.
Mar 05, 2020 06:23 pm ET
CIBT Education Group Provides Business Update Relating to the Coronavirus Outbreak
Vancouver, British Columbia--(Newsfile Corp. - March 5, 2020) - CIBT Education Group Inc. (TSX: MBA) (OTCQX: 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.
Mar 05, 2020 06:12 pm ET
CIBT Education Group Provides Business Update Relating to the Coronavirus Outbreak
via NEWMEDIAWIRE -- 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...
Mar 02, 2020 07:00 am ET
CIBT Education Group Provides Project Financing Update
via NEWMEDIAWIRE – 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 and its GEC® portfolio. As of the second...
Mar 02, 2020 07:00 am ET
CIBT Education Group Provides Project Financing Update
Vancouver, British Columbia--(Newsfile Corp. - March 2, 2020) - CIBT Education Group Inc. (TSX: MBA) (OTCQX: MBAIF) ("CIBT" or the "Company") is pleased to provide the following update relating to various financing activities for CIBT and its GEC® portfolio.
Feb 18, 2020 05:00 pm ET
CIBT Education Group Provides Corporate Update on GEC Projects
via NEWMEDIAWIRE -- 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....
Feb 18, 2020 05:00 pm ET
CIBT Education Group Provides Corporate Update on GEC Projects
Vancouver, British Columbia--(Newsfile Corp. - February 18, 2020) - CIBT Education Group Inc. (TSX: MBA) (OTCQX: 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.
Feb 14, 2020 07:42 pm ET
CIBT Education Group Inc. Reports Director Election Results
Vancouver, British Columbia--(Newsfile Corp. - February 14, 2020) - CIBT Education Group Inc. (TSX: MBA) (OTCQX: 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:
Feb 14, 2020 07:31 pm ET
CIBT Education Group Inc. Reports Director Election Results
via NEWMEDIAWIRE – 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...
Jan 14, 2020 07:00 am ET
CIBT Reports Financial Results for First Quarter of Fiscal 2020
via NEWMEDIAWIRE - 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...
Jan 14, 2020 07:00 am ET
CIBT Reports Financial Results for First Quarter of Fiscal 2020
Vancouver, British Columbia--(Newsfile Corp. - January 14, 2020) - CIBT Education Group Inc. (TSX: MBA) (OTCQX: 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 2020 ended November 30, 2019 ("Q1 2020") and comparative results. Please refer to the Q1 Filing in its entirety, which is available under CIBT's profile at www.sedar.com. All figures are in thousands of Canadian dollars except share and per share data unless otherwise noted.
Dec 03, 2019 07:00 am ET
CIBT Subsidiary Limited Partnership Signs Formal Agreement to Sell Property for $70 Million
via NEWMEDIAWIRE -- CIBT Education Group Inc. (“CIBT” or the “Company”) (TSX: MBA, OTCQX International: MBAIF) is pleased to report that one of its limited partnership subsidiaries has signed a formal purchase and sale agreement to sell one of its...
Dec 03, 2019 07:00 am ET
CIBT Subsidiary Limited Partnership Signs Formal Agreement to Sell Property for $70 Million
Vancouver, British Columbia--(Newsfile Corp. - December 3, 2019) - CIBT Education Group Inc. (TSX: MBA) (OTCQX: MBAIF) ("CIBT" or the "Company") is pleased to report that one of its limited partnership subsidiaries has signed a formal purchase and sale agreement to sell one of its GEC® branded properties (the "Property") for $70 million. As part of the transaction, Global Education City Management Corp., a wholly-owned subsidiary of the Company, will enter into a master lease agreement with the purchaser to continue operating the Property under GEC® brand and generate rental income for ten years. The sale is expected to close in May 2020, subject to the satisfaction of a number of conditions. Additional details will be provided following the removal of the conditions precedent in January 2020.
Dec 02, 2019 05:00 pm ET
CIBT Reports Financial Results for Fiscal Year Ended August 31, 2019
via NEWMEDIAWIRE -- CIBT Education Group Inc. (“CIBT” or the “Company”) (TSX: MBA, OTCQX International: MBAIF) is pleased to report that it has filed on SEDAR its annual audited consolidated financial statements (the “Annual Financial Statements”)...
Dec 02, 2019 05:00 pm ET
CIBT Reports Financial Results for Fiscal Year Ended August 31, 2019
Vancouver, British Columbia--(Newsfile Corp. - December 2, 2019) -  CIBT Education Group Inc. (TSX: MBA) (OTCQX: MBAIF) ("CIBT" or the "Company") is pleased to report that it has filed on SEDAR its annual audited consolidated financial statements (the "Annual Financial Statements") and related Management's Discussion & Analysis ("MD&A") (collectively, the "2019 Financial Report") for the fiscal year ended August 31, 2019 ("Fiscal 2019"). This news release should be read in conjunction with the 2019 Financial Report in its entirety. To review the 2019 Financial Report, please visit CIBT's profile at www.sedar.com.
Nov 29, 2019 07:49 pm ET
CIBT Provides Update on its Normal Course Issuer Bid (Share Buy-Back)
Vancouver, British Columbia--(Newsfile Corp. - November 29, 2019) - CIBT Education Group Inc. (TSX: MBA) (OTCQX: MBAIF) ("CIBT" or the "Company") wishes to announce the suspension of the Company's normal course issuer bid (share buy-back) which commenced December 14, 2018, in order to allow the Company to pursue a certain transaction. Since December 14, 2018, the Company has purchased a total of 2.643 million common shares from the open market.
Nov 29, 2019 07:20 pm ET
CIBT Provides Update on its Normal Course Issuer Bid (Share Buy-Back)
via NEWMEDIAWIRE – CIBT Education Group Inc. (“CIBT” or the “Company”) (TSX: MBA, OTCQX International: MBAIF) wishes to announce the suspension of the Company’s normal course issuer bid (share buy-back) which commenced December 14, 2018, in order...
Nov 20, 2019 05:00 pm ET
CIBT Ranks #35 on the 2019 Business in Vancouver Top 100 Most Profitable Companies in B.C. List
Vancouver, British Columbia--(Newsfile Corp. - November 20, 2019) - CIBT Education Group Inc. (TSX: MBA) (OTCQX: MBAIF) ("CIBT" or the "Company") reports that the Company was named one of the "Top 100 most profitable companies in B.C." in the November 12th edition of Business in Vancouver. CIBT was ranked no.35 among the top 100 most profitable companies in B.C. with net income of $45.371 million in fiscal year 2018.
Nov 20, 2019 05:00 pm ET
CIBT Ranks #35 on the 2019 Business in Vancouver Top 100 Most Profitable Companies in B.C. List
via NEWMEDIAWIRE -- CIBT Education Group Inc. (“CIBT” or the “Company”) (TSX: MBA, OTCQX International: MBAIF) reports that the Company was named one of the “Top 100 most profitable companies in B.C.” in the November 12th edition of Business in...
Oct 07, 2019 05:00 pm ET
CIBT Named One of Top 100 National and Global Companies Operating in B.C. by Business in Vancouver
via NEWMEDIAWIRE -- CIBT Education Group Inc. (“CIBT” or the “Company”) (TSX: MBA, OTCQX International: MBAIF) reports that the Company was named one of the “Top 100 national and global companies operating in B.C. in 2019” in the October 1-7th,...
Oct 07, 2019 05:00 pm ET
CIBT Named One of Top 100 National and Global Companies Operating in B.C. by Business in Vancouver
Vancouver, British Columbia--(Newsfile Corp. - October 7, 2019) - CIBT Education Group Inc. (TSX: MBA) (OTCQX: MBAIF) ("CIBT" or the "Company") reports that the Company was named one of the "Top 100 national and global companies operating in B.C. in 2019" in the October 1-7th, 2019 edition of Business in Vancouver. CIBT was ranked no. 55 among the top 100 national and global companies operating in British Columbia, with 629 worldwide employees and 600 B.C. employees in 2019.
Sep 09, 2019 07:00 am ET
CIBT Reports Completion of Property Financing and Mortgage Renewals of over $80 Million by Subsidiary Limited Partnerships
via NEWMEDIAWIRE – CIBT Education Group Inc. (“CIBT” or the “Company”) (TSX: MBA, OTCQX International: MBAIF) is pleased to report that three of its subsidiary limited partnerships (the “LPs”) have completed four property financings and mortgage...
Sep 09, 2019 07:00 am ET
CIBT Reports Completion of Property Financing and Mortgage Renewals of over $80 Million by Subsidiary Limited Partnerships
Vancouver, British Columbia--(Newsfile Corp. - September 9, 2019) - CIBT Education Group Inc. (TSX: MBA) (OTCQX: MBAIF) ("CIBT" or the "Company")  is pleased to report that three of its subsidiary limited partnerships (the "LPs") have completed four property financings and mortgage renewals over the past 10 weeks. The LPs are GEC King Edward II Limited Partnership, GEC Granville Limited Partnership and GEC Education Mega Center Limited Partnership. The total value of property financing and mortgage renewals upon completion exceeds $80 million. The property financing funds were raised through an acquisition loan for GEC Education Mega Center Limited Partnership. The other LPs completed their respective mortgage renewals at discounted interest rates, and the Company anticipates a substantial decrease in finance costs in the future.
Sep 04, 2019 05:00 pm ET
CIBT Reports Receipt of CAD$10 Million Subscriptions by GEC Oakridge Limited Partnership
via NEWMEDIAWIRE -- CIBT Education Group Inc. (“CIBT” or the “Company”) (TSX: MBA, OTCQX International: MBAIF) is pleased to report the completion of investments in an aggregate of CAD$10 million into one of CIBT’s subsidiary limited partnerships,...
Sep 04, 2019 05:00 pm ET
CIBT Reports Receipt of CAD$10 Million Subscriptions by GEC Oakridge Limited Partnership
Vancouver, British Columbia--(Newsfile Corp. - September 4, 2019) - CIBT Education Group Inc. (TSX: MBA) (OTCQX: MBAIF) ("CIBT" or the "Company") is pleased to report the completion of investments in an aggregate of CAD$10 million into one of CIBT's subsidiary limited partnerships, GEC Oakridge Limited Partnership. These subscriptions are a modification of the ones announced in the Company's news release of June 18, 2019. The Company earned a development fee which it has used to acquire additional units of GEC Oakridge Limited Partnership.
Sep 03, 2019 07:00 am ET
CIBT Subsidiary Takes Possession of GEC Education Mega Center Land
via NEWMEDIAWIRE – CIBT Education Group Inc. (TSX: MBA, OTCQX International: MBAIF) (“CIBT” or the “Company”) is pleased to report that its subsidiary, GEC Education Mega Center Limited Partnership, has completed the purchase of land for the...
Sep 03, 2019 07:00 am ET
CIBT Subsidiary Takes Possession of GEC Education Mega Center Land
Vancouver, British Columbia--(Newsfile Corp. - September 3, 2019) - CIBT Education Group Inc. (TSX: MBA) (OTCQX: MBAIF) ("CIBT" or the "Company") is pleased to report that its subsidiary, GEC Education Mega Center Limited Partnership, has completed the purchase of land for the development of GEC Education Mega Center® ("EMC") in Surrey, B.C. The total land purchase price was $22.6 million, or $56 per buildable square foot, plus carrying costs and development fees. This project is well below the cost of comparable properties in the neighboring area where a property adjacent to the EMC project was sold for $106 per buildable square foot in December 2018.
Aug 27, 2019 05:00 pm ET
CIBT Increases its Normal Course Issuer Bid
Vancouver, British Columbia--(Newsfile Corp. - August 27, 2019) - CIBT Education Group Inc. (TSX: MBA) (OTCQX: MBAIF) ("CIBT Group") reports that it has received approval from the Toronto Stock Exchange (the "TSX") to increase the maximum number of shares that may be purchased under its current normal course issuer bid ("NCIB"), from 2,000,000 to 3,910,000 of its common shares representing approximately 5% of the 78,285,040 common shares which were issued and outstanding as at the close of business on December 6, 2018, to a maximum aggregate acquisition cost of approximately $3,000,000. As of August 16th, 2019, a total of 1,874,000 common shares had been purchased under the current NCIB, and as of August 22nd, 2019, a total of 1,996,500 common shares have been purchased under the current NCIB.
Aug 27, 2019 05:00 pm ET
CIBT Increases its Normal Course Issuer Bid
via NEWMEDIAWIRE -- CIBT Education Group Inc. (TSX:MBA, OTCQX International: MBAIF) (“CIBT Group”) reports that it has received approval from the Toronto Stock Exchange (the “TSX”) to increase the maximum number of shares that may be purchased...
Aug 26, 2019 07:00 am ET
CIBT Ranks #49 on the 2019 Business in Vancouver Top 100 Fastest-growing Companies in B.C. List
Vancouver, British Columbia--(Newsfile Corp. - August 26, 2019) - CIBT Education Group Inc. (TSX: MBA) (OTCQX: MBAIF) ("CIBT" or the "Company") is pleased to report that the Company is named one of the Top 100 Fastest-Growing Companies in Business in Vancouver published on August 20th, 2019.
Jul 15, 2019 05:00 pm ET
CIBT Reports Financial Results for Third Quarter of Fiscal 2019
VANCOUVER, July 15, 2019 /CNW/ - 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 third quarter ended May 31, 2019 (collectively, the "Q3 Filing").  The following is selected financial information for the nine months ended May 31, 2019, and comparative period. Please refer to the Q3 Filing in its entirety which is available under CIBT's profile at www.sedar.com.
Jul 11, 2019 05:00 pm ET
CIBT Reports Decrease in Short-Selling Volume by Nearly One-Half
VANCOUVER, July 11, 2019 /CNW/ - CIBT Education Group Inc. ("CIBT" or the "Company") (TSX: MBA, OTCQX International: MBAIF) reports the following update on the short-selling position in CIBT's shares as published by the TSX.  The total short position between June 15th, 2019 to June 30th, 2019 decreased substantially from 433,683 shares to 191,411 shares.  Last traded price as of July 8th, 2019 was $0.72, an increase of 44% in share value between June 14th and July 8th,  while the short position decreased by 242,272 shares.
Jun 24, 2019 05:00 pm ET
CIBT Expands its Strategy to Include Management of Third Party Properties
VANCOUVER, June 24, 2019 /CNW/ - CIBT Education Group Inc. ("CIBT" or the "Company") (TSX: MBA, OTCQX International: MBAIF) is pleased to report that one of the Company's wholly owned subsidiaries, Global Education City Management Corp ("GEC Management"), has signed a master lease (the "Agreement") with a Vancouver based real estate developer for a residential rental property to be constructed in Metro Vancouver.  The lease is for a term of twenty-one years at discounted market-rental rates.  The project will be named GEC® Kingsway.
Jun 24, 2019 08:35 am ET
Growth Public Company Investor Presentations Now Available for On-Demand Viewing
Individual and institutional investors as well as advisors are invited to log-on to VirtualInvestorConferences.com to view presentations
Jun 24, 2019 07:00 am ET
CIBT Group Reports Short Selling Volume
VANCOUVER, June 24, 2019 /CNW/ - CIBT Education Group Inc. ("CIBT" or the "Company") (TSX: MBA, OTCQX International: MBAIF) has noted the recent decrease in the share price of the Company and reports the following short selling position as published by the TSX.  The total short position between May 31st, 2019 to June 14th, 2019, increased by 407,032 shares, from 26,651 to 433,683 shares.
Jun 20, 2019 05:00 pm ET
CIBT Named One of Top 100 Public Companies in B.C. by Business in Vancouver Newspaper
VANCOUVER, June 20, 2019 /CNW/ - CIBT Education Group Inc. ("CIBT" or the "Company") (TSX: MBA, OTCQX International: MBAIF) reports that the Company was named "Top 100 Public Companies in B.C. in 2019" in the June 18th 2019 edition of Business in Vancouver Newspaper. CIBT was ranked no. 74 among the top 100 public companies operating in British Columbia, with revenue growth of 39.8% from $53.578 million in fiscal 2017 to $74.9 million in fiscal 2018, net income growth from $8.284 million in fiscal 2017 to $45.371 million in fiscal 2018, and asset growth from $166.682 million as at August 31,
Jun 18, 2019 05:00 pm ET
CIBT Reports Receipt of US$8 Million Subscription by GEC Oakridge II Limited Partnership
VANCOUVER, June 18, 2019 /CNW/ - CIBT Education Group Inc. ("CIBT") (TSX: MBA, OTCQX International: MBAIF) is pleased to report that GEC Oakridge II Limited Partnership has received a conditional subscription from an overseas investment fund for an equity investment of US$8 million (approx. CAD$10.7 million). Upon closing of the subscription, the net proceeds (after payment of CIBT's development fee) will be invested by GEC Oakridge II Limited Partnership into GEC Oakridge Limited Partnership, the operating entity for the GEC Oakridge project. The closing of this investment is expected to oc
Jun 14, 2019 03:19 pm ET
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Jun 13, 2019 05:00 pm ET
CIBT Reports Resumption of Normal Course Issuer Bid
VANCOUVER, June 13, 2019 /CNW/ - CIBT Education Group Inc. ("CIBT") (TSX: MBA, OTCQX International: MBAIF) reports the resumption of its normal course issuer bid announced in its news release of December 11, 2018.  During the period from December 14, 2018 until December 13, 2019, CIBT may purchase up to 2,000,000 of its common shares, representing approximately 2.55% of the 78,285,040 common shares which were issued and outstanding as at the close of business on December 6, 2018, to a maximum aggregate acquisition cost of approximately $2,000,000. 
Jun 04, 2019 07:00 am ET
CIBT and Subsidiary Limited Partnership Close $12 Million in Financings
VANCOUVER, June 4, 2019 /CNW/ - CIBT Education Group Inc. ("CIBT" or the "Company") (TSX: MBA, OTCQX International: MBAIF) is pleased to provide the following corporate finance updates on the Company and Global Education City (Richmond) Limited Partnership:
May 21, 2019 07:00 am ET
CIBT Provides Update on GEC Flagship Project GEC Education Mega Center
VANCOUVER, May 21, 2019 /CNW/ - CIBT Education Group Inc. (TSX: MBA, OTCQX International: MBAIF) ("CIBT" or the "Company") is pleased to provide the following updates relating to its Education Mega Center® project in Surrey, B.C.
May 01, 2019 05:00 pm ET
CIBT to raise up to approximately C$10 million through issuance of convertible debentures
VANCOUVER, May 1, 2019 /CNW/ - CIBT Education Group Inc. ("CIBT" or the "Company") (TSX: MBA, OTCQX International: MBAIF) reports that it plans to raise up to approximately C$10 million through a private placement of convertible debentures. The debentures will mature 24 months after issuance (unless extended in accordance with the provisions thereof) and will carry an annual coupon of 8-9%. The outstanding principal sum will be convertible into common shares before the maturity date at a conversion price, currently anticipated to be approximately $0.76-$0.80 per share, which will be determin
Apr 25, 2019 04:12 pm ET
CIBT Provides Update on the Normal Course Issuer Bid (Share Buy-Back)
VANCOUVER, April 25, 2019 /CNW/ - CIBT Education Group Inc. (TSX: MBA, OTCQX International: MBAIF) ("CIBT" or the "Company") wishes to announce the suspension of the Company's normal course issuer bid (share buy-back) which commenced December 14, 2018, in order to allow the Company to pursue certain transactions.  Since December 14th, 2018, the Company purchased a total of 1.76 million shares from the open market pending cancellation.
Apr 15, 2019 05:46 pm ET
CIBT Reports Financial Results for Second Quarter of Fiscal 2019
VANCOUVER, April 15, 2019 /CNW/ - 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, 2019 (collectively, the "Q2 Filing").  The following is selected financial information for the six months ended February 28, 2019 and comparative period. Please refer to the Q2 Filing in its entirety which is available under CIBT's profile at www.sedar.com.
Apr 03, 2019 07:00 am ET
CIBT Provides Update on Global Education City Richmond
VANCOUVER, April 3, 2019 /CNW/ - CIBT Education Group Inc. (TSX: MBA, OTCQX International: MBAIF) ("CIBT" or the "Company") is pleased to report that deposit requirements for the Global Education City® project in Richmond, BC ("GEC Richmond" or the "Project") have been completed by Global Education City (Richmond) Limited Partnership (the "LP"). A total of $60 million has been paid since February 2018. 
Feb 19, 2019 07:00 pm ET
CIBT Executes Financial Advisory Agreement
VANCOUVER, BC / ACCESSWIRE / February 19, 2019 / CIBT Education Group Inc. (TSX: MBA, OTCQX International: MBAIF) ("CIBT" or the "Company") wishes to clarify that, with reference to its news release of February 12th, 2019, the agreement signed by the Company is a financial advisory agreement with a licensed financial adviser for the purpose of conducting a feasibility study in respect of a proposed dual listing of the Company's shares in Asia.
Feb 12, 2019 07:00 am ET
CIBT Plans Dual Listing on a Senior Stock Exchange in Asia
VANCOUVER, BC / ACCESSWIRE / February 12, 2019 / CIBT Education Group Inc. (TSX: MBA, OTCQX International: MBAIF) ("CIBT" or the "Company") is pleased to announce plans to seek a dual listing ("Dual Listing") on a senior stock exchange in Asia. The Dual Listing requires a series of listing application reviews, sponsorship requirements by a local licensed sponsor as well as underwriters to support the listing application. CIBT has signed a sponsorship agreement with a licensed sponsor and engaged local legal counsel to undertake a preliminary revie
Jan 25, 2019 08:15 pm ET
CIBT Education Group Inc. Reports Director Election Results
VANCOUVER, BC / ACCESSWIRE / January 25, 2019 / 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 17, 2018, were elected. Proxy voting as to each of the director nominees was as follows:
Jan 14, 2019 03:46 pm ET
CIBT Reports Financial Results for First Quarter of Fiscal 2019
VANCOUVER, BC / ACCESSWIRE / January 14, 2019 / 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 ended November 30, 2018 (collectively, the "Q1 Filing"). The following is selected financial information for the first quarter of fiscal 2019 ended November 30, 2018 ("Q1 2019") and comparative results. Please refer to the Q1 Filing in its entiret
Jan 07, 2019 07:00 am ET
CIBT Subsidiary Signs Agreement to Purchase Three Parcels of Lands to develop GEC Oakridge for $103 Million
VANCOUVER, BC / ACCESSWIRE / January 7, 2019 / CIBT Education Group Inc. ("CIBT" or the "Company") (TSX: MBA, OTCQX International: MBAIF) is pleased to announce the signing of three property purchase agreements for an aggregate purchase price of $30.3 million. These lands will be the site of the development of a highrise serviced apartment (the "Project") near the corner of Cambie Street and West 42nd Avenue in Vancouver, to be owned by GEC Oakridge Limited Partnership (formerly named GEC Langara Limited Partnership) in which a subsidiary of CIBT
Jan 03, 2019 07:00 am ET
CIBT Provides Update on Global Education City (Richmond)
VANCOUVER, BC / ACCESSWIRE / January 3, 2019 / CIBT Education Group Inc. (TSX: MBA), (OTCQX: MBAIF) ("CIBT" or the "Company") is pleased to report that one of its real estate investment projects, Global Education City® (Richmond) (the "Project"), located in Richmond, BC received its Development Permit in November 2018 and began excavation and site preparation during December 2018. The approvals are based on a community development plan under which seven high rise towers are to be established
Dec 11, 2018 04:30 pm ET
CIBT Reports Normal Course Issuer Bid
VANCOUVER, BC / ACCESSWIRE / December 11, 2018 / CIBT Education Group Inc. (TSX: MBA, OTCQX International: MBAIF) ("CIBT Group") 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 2,000,000 of its common shares, representing approximately 2.55% of the 78,285,040 common shares which were issued and outstanding as at the close of business on December 6, 2018, to a maximum aggregate acquisition cost of ap
Nov 30, 2018 01:49 am ET
CIBT Reports Financial Results for Fiscal Year Ended August 31, 2018
VANCOUVER, BC / ACCESSWIRE / November 29, 2018 / CIBT Education Group Inc. ("CIBT" or the "Company") (TSX: MBA, OTCQX International: MBAIF) is pleased to report that it has filed on SEDAR its annual audited consolidated financial statements (the "Annual Financial Statements") and related Management's Discussion & Analysis ("MD&A") (collectively, the "2018 Financial Report") for the fiscal year ended August 31, 2018 ("Fiscal
Nov 01, 2018 07:00 am ET
CIBT Subsidiary Signs Formal Agreement to Acquire the 9th GEC Branded Property
VANCOUVER, BC / ACCESSWIRE / November 1st, 2018 / CIBT Education Group Inc. ("CIBT" or the "Company") (TSX: MBA, OTCQX International: MBAIF) is pleased to announce the signing of a formal Purchase and Sale Agreement for the purchase by GEC Langara Limited Partnership of two parcels of land to develop a highrise serviced apartment (the "Project") near the corner of Cambie Street and 49th Avenue in Vancouver. The Project, named GEC® Langara, is located at the centre of the City of Vancouver and is approximately 20 feet from the Langara SkyTrain
Oct 30, 2018 07:00 am ET
CIBT Named One of Top 100 National and/or Global Companies in B.C. by Business in Vancouver Newspaper
Vancouver, BC / ACCESSWIRE / October 30th, 2018 / CIBT Education Group Inc. ("CIBT" or the "Company") (TSX: MBA,OTCQX International: MBAIF) reports that the Company was named "Top 100 national and/or global companiesoperating in B.C. in 2018" in the October 16th 2018 edition of Business in Vancouver Newspaper.CIBT was ranked no. 71 among the top 100 national and/or global companies operating inBritish Columbia, with 500 B.C. employees in 2018.
Oct 01, 2018 07:00 am ET
CIBT Subsidiary Signs Offer-to-Purchase to Acquire and Develop the 9th GEC Branded Property
Vancouver, British Columbia (FSCwire) - CIBT Education Group Inc. (“CIBT” or the “Company”) (TSX: MBA, OTCQX International: MBAIF) is pleased to announce the signing of a letter of intent for the purchase by one of its real estate investment limited partnerships (the “LP”) of two parcels of land to develop a serviced apartment highrise (the “Project”) along the Cambie Street corridor designed for students and a growing population of technology workers in Metro Vancouver.  The Project is expected to have a gross building area of approximately 63,000 square feet. The total development budget for this Project, including land, construction, FFE (furniture, fixture & equipment) and financing costs, will be approximately $60 million, assuming the Project proceeds. 
Sep 10, 2018 07:00 am ET
CIBT Subsidiary Featured as a News Story by CBC, CityTV, Breakfast TV and Omni TV
Vancouver, British Columbia (FSCwire) - CIBT Education Group Inc. (“CIBT” or the “Company”) (TSX: MBA, OTCQX International: MBAIF) reports that the Company’s wholly owned subsidiary, Global Education City Holdings Inc (“GEC”), was featured as a news story by CBC Television, CBC online, CityTV, Breakfast TV on September 5th, 2018 and Omni TV on August 29th, 2018. 
Sep 04, 2018 07:00 am ET
CIBT Reports Sale of Ground Floor Commercial Units at one of its GEC Branded Properties & Provides Summary Update
Vancouver, British Columbia (FSCwire) - 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 completed the sale of four commercial ground floor units at one of the GEC® branded properties (the “Property”) for gross proceeds of $6 million before leasehold improvements subsidy, realtor’s commission and closing adjustments.  Net proceeds from the sale are approximately $5.5 million.
Aug 28, 2018 07:00 am ET
CIBT Reports Completion of GEC Pearson Acquisition for $42.5 Million
Vancouver, British Columbia (FSCwire) - CIBT Education Group Inc. (“CIBT” or the “Company”) (TSX: MBA, OTCQX International: MBAIF) is pleased to report the completion of the purchase of GEC® Pearson, one of the GEC® new construction projects. Global Education City Management Corp. (“Global Management”) took possession of the building on behalf of GEC Pearson Limited Partnership on August 27th, 2018 and commenced operations immediately.
Aug 27, 2018 07:00 am ET
CIBT Ranks #79 on the 2018 Business in Vancouver 100 Fastest-Growing Companies in B.C. List
Vancouver, British Columbia (FSCwire) - CIBT Education Group Inc. (“CIBT” or “Company”) (TSX: MBA, OTCQX International: MBAIF) is pleased to report that the Company is named one of Business in Vancouver's Top 100 Fastest Growing Companies.
Aug 14, 2018 04:00 pm ET
CIBT Reports Completion of Sale of a GEC® Project for $55.5 Million
Vancouver, British Columbia (FSCwire) - 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 February 2015 for $29.5 million.  An additional $6 million was spent on a variety of value added services such as rezoning, re-design and retrofit for higher density usage and approximately $0.5 million will be spent on certain upgrades in the coming few months. 
Aug 13, 2018 07:00 am ET
CIBT Education Group Reduces Issued and Outstanding Shares Six Times in Five Years
Vancouver, British Columbia (FSCwire) - 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.
Aug 01, 2018 07:00 am ET
GEC® Pearson Receives Occupancy Permits
Vancouver, British Columbia (FSCwire) - 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.
Jul 23, 2018 07:00 am ET
GEC® Flagship Project in Richmond Receives Third Reading Approval
Vancouver, British Columbia (FSCwire) - 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 estate project, named Global Education City® Richmond, will be comprised of one office tower and two high rise residential towers.
Jul 20, 2018 07:00 am ET
CIBT Confirms Subject Removal on the Sale of a GEC® Project for $55.5 Million
Vancouver, British Columbia (FSCwire) - 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 this transaction, CIBT and the other limited partners will exit this project with a profit of approximately $20 million after an investment period of 41 months. This GEC® project was acquired by the limited partnership in February 2015 for $29.5 million.  An additional $6 million was spent on a variety of value added services such as rezoning, re-design and retrofit for higher density usage and approximately $0.5 million will be spent on certain upgrades before closing. 
Jul 16, 2018 01:26 pm ET
CIBT Reports Financial Results for Third Quarter of Fiscal 2018
Vancouver, British Columbia (FSCwire) - 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 31, 2018 and the comparative prior year period.  Please refer to the Q3 Filing in its entirety.
Jun 25, 2018 04:15 pm ET
CIBT Named One of Top 100 Public Companies in B.C. by Business in Vancouver Newspaper
Vancouver, British Columbia (FSCwire) - 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.
Apr 30, 2018 07:00 am ET
CIBT Reports Completion of $15 Million Equity Raise for Global Education City (Richmond) Project
Vancouver, British Columbia (FSCwire) - 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 is $45 million.   It is expected that an additional $35 million in equity will be raised in three installments between July and December 2018.  Total equity size for Global Education City® (Richmond) is expected to be $80 million.
Apr 23, 2018 07:00 am ET
CIBT Appoints New Director
Vancouver, British Columbia (FSCwire) - 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 Investment and Trade Promotion Association which aims to promote investment, trade and cooperation between China and Canada, and between China and the USA, and to strengthen business relations between Chinese and North American enterprises.
Apr 13, 2018 05:06 pm ET
CIBT Reports Financial Results for Second Quarter of Fiscal 2018
Vancouver, British Columbia (FSCwire) - 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 28, 2018 and comparative -prior year period.  Please refer to the Q2 Filing in its entirety.
Apr 03, 2018 07:00 am ET
CIBT Reports Successful Completion of Phase 1 Equity Raise by GEC® Real Estate Investment Limited Partnership
Vancouver, British Columbia (FSCwire) - 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 in four installments between April and December 2018.
Mar 21, 2018 07:00 am ET
CIBT Reports Signing of Purchase and Development Agreement to Develop Second Global Education City® Project
Vancouver, British Columbia (FSCwire) - 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  & equipment).   Pursuant to the PDA, the developer will construct one office tower and two residential towers for CIBT’s newest flagship project totalling over 412,000 square feet.  These three towers are a portion of a planned residential complex (the “Complex”) consisting of several towers, with over 1.5 million square feet of residential, commercial, retail and parking space.  The total development budget for the site is over $600 million. The portion to be acquired by the LP will house up to 15 schools, education agents, supporting services, and approximately 1,200 beds for domestic and international students. 
Mar 19, 2018 07:00 am ET
CIBT Increases Ownership Interest in Downtown Vancouver GEC® Project
Vancouver, British Columbia (FSCwire) - 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 47%, in this GEC® branded project.    
Mar 12, 2018 07:00 am ET
CIBT Reports Referral Fee Agreements to Raise $60 million for New Flagship Project
Vancouver, British Columbia (FSCwire) - CIBT Education Group Inc. (TSX: MBA, OTCQX International: MBAIF) is pleased to announce that one of its real estate investment limited partnerships (the “LP”) has entered into referral fee agreements with a real estate development group (the “Group”) for an equity raise of up to $60 million for a new flagship project called Global Education City (Richmond) (the “Project”).  The Group has advanced an initial deposit of $5 million, with the first closing of $25 million expected to occur on or about March 30th 2018.  The balance of $30 million is expected to be invested in various tranches from April to December 2018.  
Mar 07, 2018 07:00 am ET
CIBT Arranges Sale of Ground Floor Commercial Strata Units of GEC® Burnaby Heights
Vancouver, British Columbia (FSCwire) - CIBT Education Group Inc. (TSX: MBA, OTCQX International: MBAIF) is pleased to announce that one of its real estate investment limited partnerships has entered into a formal Purchase and Sale Agreement to sell four commercial ground floor units at GEC® Burnaby Heights for $6 million.  The closing is expected to be held on or before May 31, 2018.
Jan 26, 2018 07:00 pm ET
CIBT Reports Director Election Results
Vancouver, British Columbia (FSCwire) - 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 5, 2017, were elected.  Proxy voting as to each of the director nominees was as follows:
Jan 25, 2018 07:00 am ET
CIBT Named to 2018 OTCQX® Best 50
Vancouver, British Columbia (FSCwire) - CIBT Education Group Inc. (TSX: MBA, OTCQX International: MBAIF) is pleased to announce it has been named to the 2018 OTCQX® Best 50, a ranking of top performing companies traded on the OTCQX Best Market last year.  CIBT was ranked in 8th position on the Best 50 list.
Jan 24, 2018 07:00 am ET
CIBT Subsidiary To Increase Ownership Of Downtown Vancouver Property
Vancouver, British Columbia (FSCwire) - CIBT Education Group Inc. (TSX: MBA, OTCQX International: MBAIF) (“CIBT” or the “Company”) is pleased to report that its wholly owned subsidiary, Global Education City Holdings Inc. (“Global Education  Holdings”) has entered into a Purchase and Sale Agreement with the majority owner of the limited partnership that owns one of the GEC® branded downtown Vancouver properties to acquire that partner’s equity interest.  This transaction is expected to close in March 2018.
Jan 15, 2018 04:00 pm ET
CIBT Reports Financial Results for First Quarter of Fiscal 2018
Vancouver, British Columbia (FSCwire) - 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 ended November 30, 2017 (collectively, the “Q1 Filing”).  To review the Q1 Filing, please visit CIBT’s profile at www.sedar.com. The following is selected financial information for the first quarter of fiscal 2018 ended November 30, 2017 (“Q1 2018”) and comparative results.  Please refer to the Q1 Filing in its entirety.
Dec 18, 2017 07:00 am ET
CIBT Education Group to Enter E-Commerce Market via GECLiving.com
Vancouver, British Columbia (FSCwire) - CIBT Education Group Inc. (TSX:MBA, OTCQX International: MBAIF) (“CIBT”) is pleased to report that it has commenced development of its future e-commerce platform called GECliving.com (“GEC Living”).  GEC Living is an on-line web portal and mobile application supporting Apple and Android platforms.
Dec 12, 2017 07:00 am ET
CIBT Reports Normal Course Issuer Bid
Vancouver, British Columbia (FSCwire) - CIBT Education Group Inc. (TSX:MBA, OTCQX International: MBAIF) (“CIBT Group”) 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 2,000,000 of its common shares, representing approximately 2.55% of the 78,402,350 common shares which were issued and outstanding as at the close of business on December 6, 2017, to a maximum aggregate acquisition cost of approximately $1,500,000. The NCIB is being implemented because management believes that purchases under the NCIB constitute a desirable use of its funds on the basis that recent market prices of the common shares do not, and at certain times during the course of the NCIB may not, fully reflect the value of CIBT Group’s business and future business prospects.
Dec 11, 2017 07:00 am ET
CIBT Named One of Top 100 Most Profitable Companies in B.C by Business in Vancouver Newspaper
Vancouver, British Columbia (FSCwire) - CIBT Education Group Inc. (“CIBT” or the “Company”) (TSX: MBA, OTCQX International: MBAIF) reports that the Company was named “BIV Top 100 Most Profitable Companies in B.C” in the November 14th 2017 edition of Business in Vancouver Newspaper.  CIBT was ranked no. 67th among the 100 most profitable companies in British Columbia. 
Dec 08, 2017 09:00 pm ET
CIBT Subsidiary Takes Legal Action Against Trademark Violator
Vancouver, British Columbia (FSCwire) - CIBT Education Group Inc. (“CIBT” or the “Company”) (TSX: MBA, OTCQX International: MBAIF) reports that its subsidiary Global Education City Management Corp. (GEC), has this week commenced action in the Federal Court of Canada (Vancouver registry) against several defendants seeking an injunction and other remedies for breach of GEC’s trademarks, and for the tort of passing off.  The defendants include New Continental Developments Inc. (“NCI”), related companies, and officers, directors and managers of those companies.
Nov 30, 2017 10:00 pm ET
CIBT Reports Financial Results for Fiscal Year Ended August 31, 2017
Vancouver, British Columbia (FSCwire) - CIBT Education Group Inc. (“CIBT” or the “Company”) (TSX: MBA, OTCQX International: MBAIF) is pleased to report that it has filed on SEDAR its annual audited consolidated financial statements and related Management’s Discussion & Analysis (“MD&A”) (collectively, the “2017 Financial Report”) for the fiscal year ended August 31, 2017 (“Fiscal 2017”).  To review these filings, please visit CIBT’s profile at www.sedar.com. 
Nov 28, 2017 07:00 am ET
GEC® Flagship Project GEC Education Mega Center® Receives Third Reading Approval by Surrey City Council
Vancouver, British Columbia (FSCwire) - CIBT Education Group Inc. (TSX: MBA, OTCQX International: MBAIF) (“CIBT” or the “Company”) is pleased to report that the GEC® flagship education real estate project GEC Education Mega Center® (“Education Mega Center”) has received Advisory Design Panel (“ADP”) and First, Second and Third Reading approvals by Surrey City Council as of  Monday, November 6th.  These approvals are part of a series of 5 approvals required by Surrey City Bylaws to construct the Education Mega Center.  On July 31st, 2017, the Education Mega Center project received ADP approval, followed by the First and Second Reading Approvals on October 2nd.  A Public Hearing was held and Third reading approved on November 6th, 2017.  Fourth and Final reading is slated for December 2017.  Once Fourth reading is achieved, a Development Permit and Building Permit will become issuable in the following months and construction will begin accordingly.  See pages 20 and 21 of the minutes of the Surrey City Council meeting which can be viewed here: www.surrey.ca/bylawsandcouncillibrary/MIN_RCPH_2017_11_06.pdf