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:B.C. business and community leaders take a stand against racismWe Say No to Hate… It Must Stop NowAs business and community leaders, British Columbians, and human beings we cannot sit idly by. What we condone, we...
2020-05-21 3:16 PM EDT
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...
2020-05-04 7:00 AM EDT
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...
2020-04-15 5:00 PM EDT
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.Mr. Victor Tesan, currently President of Sprott Shaw College, is appointed Chief Operating Officer and President of Education Services of CIBT Education Group Inc. Mr. Tesan will oversee all the education-related businesses in Canada, totalling 20 campus locations of Sprott Shaw...
2020-04-15 7:00 AM EDT
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")...
2020-04-14 7:06 PM EDT
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.MANAGEMENT COMMENTARYWith COVID-19 numbers continuing to rise across the globe and in Canada, CIBT Education Group is pleased to report that, to date,...
2020-04-01 7:00 AM EDT
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...
2020-03-27 7:00 AM EDT
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. During the past year, GEC®...
2020-03-17 7:49 PM EDT
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...
2020-03-09 7:54 PM EDT
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...
2020-03-09 5:00 PM EDT
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.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...
2020-03-05 6:23 PM EST
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.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 millionGEC®...
2020-03-02 7:00 AM EST
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."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....
2020-02-18 5:00 PM EST
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:Votes in FavourVotes Withheld Morris Chen
2020-02-14 7:42 PM EST
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")...
2020-01-14 7:00 AM EST
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...
2019-12-03 7:00 AM EST
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...
2019-12-02 5:00 PM EST
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.About CIBT Education Group:CIBT Education Group...
2019-11-29 7:49 PM EST
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.About CIBT Education Group:CIBT Education Group Inc. is one of the largest...
2019-11-20 5:00 PM EST
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.About CIBT...
2019-10-07 5:00 PM EDT