Latest Cibt Education Group Inc. (MBAIF) Headlines
CIBT Reduces Its Total Issued and Outstanding Shares for the Second Time in Six Months
Business Wire - Fri Feb 21, 8:00AM CST
(TSX: MBA / OTCQX: MBAIF) CIBT Education Group Inc. ("CIBT Group") reports that it is cancelling 865,600 common shares which had been repurchased pursuant to a normal course issuer bid. The total number of issued and outstanding shares becomes 65,068,520 common shares, upon cancellation of these shares.
CIBT Reports Normal Course Issuer Bid
Business Wire - Thu Feb 20, 8:00AM CST
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 3,000,000 of its common shares, representing approximately 4.6% of the 65,079,920 common shares which were issued and outstanding as at the close of business on February 11, 2014, to a maximum aggregate acquisition cost of approximately $1,000,000. 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 Group's business and future business prospects.
CIBT Signs Global Recruitment Agreement with Pythagoras Academy
Business Wire - Tue Feb 04, 8:00AM CST
CIBT Education Group Inc. (TSX: MBA, OTCQX International: MBAIF) ("CIBT Group") is pleased to announce that it has entered into an agreement with Pythagoras Academy to become its exclusive global recruitment agent. CIBT Group's recruitment subsidiary, Global Education Alliance ("GEA"), will utilize its network of agents in 18 countries to identify, pre-screen and recruit international students from around the world to attend Pythagoras Academy in Greater Vancouver, Canada.
CIBT Announces Director Election Results and Approval of Alteration of Articles
Business Wire - Fri Jan 24, 6:24PM CST
CIBT Education Group Inc. (TSX: MBA, OCTQX International: MBAIF) ("CIBT Group") reports the voting results of the election of directors at its annual general meeting held today pertaining to the fiscal year ended August 31, 2013, as required by Toronto Stock Exchange. All of the director nominees, as listed in the management information circular dated November 29, 2013, were elected. Voting as to each of the director nominees was as follows:
ACT360 Solutions Announces Student Recruiting Expansion with Sprott Shaw College
Marketwire - Thu Jan 16, 7:16AM CST
ACT360 Solutions Ltd. (TSX VENTURE: AKM), a provider of Internet-based testing and international marketing programs for higher education, announced a student recruiting agreement with Sprott Shaw College, a subsidiary of CIBT Education Group Inc. (TSX: MBA)(OTCQX: MBAIF).
CIBT to Establish Two Additional Student Hotel Units in Greater Vancouver
Business Wire - Tue Jan 07, 8:00AM CST
CIBT Education Group Inc. (TSX: MBA, OCTQX International: MBAIF) ("CIBT Group") is pleased to announce that its newly established student housing investment and management arm, Global Education City Holdings Inc. ("GEC") has signed a memorandum of understanding ("MOU") with a Vancouver real estate developer to establish two student housing projects in Vancouver and Richmond respectively. These two new projects are named GEC Langara and GEC Capstan. The aggregate development budget for these two projects is $48 million.
CIBT Completes Sale of Canadian Language School Subsidiaries for $13.5 Million
Business Wire - Wed Sep 18, 8:00AM CDT
CIBT Education Group Inc. (TSX: MBA/U.S OTCQX: MBAIF) ("CIBT Group") is pleased to report that it has completed the sale of its subsidiaries King George International College & King George International Business College for $13.5 million. The purchase price was paid in cash and promissory note for $9.5 million on closing and $4 million six months from the closing date, both payments subject to certain adjustments.
Loyalist Closes Acquisition of King George International College
Marketwire - Wed Sep 18, 6:31AM CDT
Loyalist Group Limited ("Loyalist") (TSX VENTURE: LOY) is pleased to announce that, on September 17, 2013, it has completed the acquisition of KGIC Language College (2010) Corp. ("KGIC"), an accredited and licensed English-as-a-second-language (ESL) school, and KGIC Business College (2010) Corp. ("KGIBC"), a registered career college, in Toronto, Vancouver, and Victoria from CIBT Education Group Inc. and CIBT School of Business & Technology Corp. KGIC and KGIBC have a total of 8 campuses across Canada, in Halifax, Toronto, Vancouver and Victoria. This transaction represents the largest acquisition Loyalist has completed to date.
CIBT Sells One of its Subsidiaries for $13.5 Million
Business Wire - Tue Sep 03, 8:00AM CDT
CIBT Education Group Inc. (TSX: MBA/U.S OTCQX: MBAIF) ("CIBT" or "Company") is pleased to report that it has signed a definitive agreement with Loyalist Group Limited ("Loyalist") (TSXV.LOY) to sell one of CIBT's subsidiaries, King George International College & King George International Business College (collectively "KGIC"), for $13.5 million, subject to certain adjustments. The purchase price in this all cash transaction is payable in two installments, $9.5 million on closing and $4 million six months from the closing date. Closing is expected to occur shortly. Included in the purchase and sale agreement is a binding term sheet setting out the material terms of a business arrangement between Loyalist and CIBT under which CIBT will continue operating all KGIC operations in China as exclusive licensee.
CIBT Reduces Number of Shares Issued and Outstanding
Business Wire - Mon Aug 19, 8:00AM CDT
CIBT Education Group Inc. ("CIBT Group") (TSX: MBA / OTCQX: MBAIF) reports that it has cancelled 6,015,224 common shares which had been repurchased pursuant to normal course issuer bids. The total number of shares issued and outstanding becomes 65,934,120 common shares, a decrease of 8% from 71,949,344 shares prior to the cancellation.
CIBT Reduces Its Total Issued and Outstanding Shares for the Second Time in Six Months
Business Wire - Fri Feb 21, 8:00AM CST
(TSX: MBA / OTCQX: MBAIF) CIBT Education Group Inc. ("CIBT Group") reports that it is cancelling 865,600 common shares which had been repurchased pursuant to a normal course issuer bid. The total number of issued and outstanding shares becomes 65,068,520 common shares, upon cancellation of these shares.
CIBT Reports Normal Course Issuer Bid
Business Wire - Thu Feb 20, 8:00AM CST
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 3,000,000 of its common shares, representing approximately 4.6% of the 65,079,920 common shares which were issued and outstanding as at the close of business on February 11, 2014, to a maximum aggregate acquisition cost of approximately $1,000,000. 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 Group's business and future business prospects.
CIBT Signs Global Recruitment Agreement with Pythagoras Academy
Business Wire - Tue Feb 04, 8:00AM CST
CIBT Education Group Inc. (TSX: MBA, OTCQX International: MBAIF) ("CIBT Group") is pleased to announce that it has entered into an agreement with Pythagoras Academy to become its exclusive global recruitment agent. CIBT Group's recruitment subsidiary, Global Education Alliance ("GEA"), will utilize its network of agents in 18 countries to identify, pre-screen and recruit international students from around the world to attend Pythagoras Academy in Greater Vancouver, Canada.
CIBT Announces Director Election Results and Approval of Alteration of Articles
Business Wire - Fri Jan 24, 6:24PM CST
CIBT Education Group Inc. (TSX: MBA, OCTQX International: MBAIF) ("CIBT Group") reports the voting results of the election of directors at its annual general meeting held today pertaining to the fiscal year ended August 31, 2013, as required by Toronto Stock Exchange. All of the director nominees, as listed in the management information circular dated November 29, 2013, were elected. Voting as to each of the director nominees was as follows:
ACT360 Solutions Announces Student Recruiting Expansion with Sprott Shaw College
Marketwire - Thu Jan 16, 7:16AM CST
ACT360 Solutions Ltd. (TSX VENTURE: AKM), a provider of Internet-based testing and international marketing programs for higher education, announced a student recruiting agreement with Sprott Shaw College, a subsidiary of CIBT Education Group Inc. (TSX: MBA)(OTCQX: MBAIF).
CIBT to Establish Two Additional Student Hotel Units in Greater Vancouver
Business Wire - Tue Jan 07, 8:00AM CST
CIBT Education Group Inc. (TSX: MBA, OCTQX International: MBAIF) ("CIBT Group") is pleased to announce that its newly established student housing investment and management arm, Global Education City Holdings Inc. ("GEC") has signed a memorandum of understanding ("MOU") with a Vancouver real estate developer to establish two student housing projects in Vancouver and Richmond respectively. These two new projects are named GEC Langara and GEC Capstan. The aggregate development budget for these two projects is $48 million.
CIBT Completes Sale of Canadian Language School Subsidiaries for $13.5 Million
Business Wire - Wed Sep 18, 8:00AM CDT
CIBT Education Group Inc. (TSX: MBA/U.S OTCQX: MBAIF) ("CIBT Group") is pleased to report that it has completed the sale of its subsidiaries King George International College & King George International Business College for $13.5 million. The purchase price was paid in cash and promissory note for $9.5 million on closing and $4 million six months from the closing date, both payments subject to certain adjustments.
Loyalist Closes Acquisition of King George International College
Marketwire - Wed Sep 18, 6:31AM CDT
Loyalist Group Limited ("Loyalist") (TSX VENTURE: LOY) is pleased to announce that, on September 17, 2013, it has completed the acquisition of KGIC Language College (2010) Corp. ("KGIC"), an accredited and licensed English-as-a-second-language (ESL) school, and KGIC Business College (2010) Corp. ("KGIBC"), a registered career college, in Toronto, Vancouver, and Victoria from CIBT Education Group Inc. and CIBT School of Business & Technology Corp. KGIC and KGIBC have a total of 8 campuses across Canada, in Halifax, Toronto, Vancouver and Victoria. This transaction represents the largest acquisition Loyalist has completed to date.
CIBT Sells One of its Subsidiaries for $13.5 Million
Business Wire - Tue Sep 03, 8:00AM CDT
CIBT Education Group Inc. (TSX: MBA/U.S OTCQX: MBAIF) ("CIBT" or "Company") is pleased to report that it has signed a definitive agreement with Loyalist Group Limited ("Loyalist") (TSXV.LOY) to sell one of CIBT's subsidiaries, King George International College & King George International Business College (collectively "KGIC"), for $13.5 million, subject to certain adjustments. The purchase price in this all cash transaction is payable in two installments, $9.5 million on closing and $4 million six months from the closing date. Closing is expected to occur shortly. Included in the purchase and sale agreement is a binding term sheet setting out the material terms of a business arrangement between Loyalist and CIBT under which CIBT will continue operating all KGIC operations in China as exclusive licensee.
CIBT Reduces Number of Shares Issued and Outstanding
Business Wire - Mon Aug 19, 8:00AM CDT
CIBT Education Group Inc. ("CIBT Group") (TSX: MBA / OTCQX: MBAIF) reports that it has cancelled 6,015,224 common shares which had been repurchased pursuant to normal course issuer bids. The total number of shares issued and outstanding becomes 65,934,120 common shares, a decrease of 8% from 71,949,344 shares prior to the cancellation.
