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...
2019-09-09 7:00 AM EDT
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...
2019-09-04 5:00 PM EDT
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...
2019-09-03 7:00 AM EDT
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...
2019-08-27 5:00 PM EDT
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.The Top 100 Fastest-Growing Companies list is one of Business in Vancouver's signature annual features. It
2019-08-26 7:00 AM EDT