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.
About CIBT Education
Group:
CIBT Education Group Inc. is one of the largest education, and
student housing investment companies in Canada focused on the global education market
since 1994. Listed on the Toronto Stock Exchange and U.S
OTCQX International, CIBT owns business and language colleges,
student housing properties, recruitment centres and corporate
offices at 43 locations in Canada
and abroad. Total annual enrollment for the group exceeds
12,000 students. Its education providers include Sprott Shaw College (established in 1903),
Sprott Shaw Language College, Vancouver International College and CIBT School of
Business. Through these schools, CIBT offers business and
management programs in healthcare, hotel management, language
training, and over 150 career, language and vocational
programs. CIBT owns Global Education City Holdings Inc., an
investment holding and development company focused on developing
education-related real estate such as student hotels, serviced
apartments and education super centres. Total portfolio and
development budget of projects under the GEC® brand is more than
C$1 billion. CIBT also owns
Global Education Alliance ("GEA") and Irix Design Group ("Irix
Design"). GEA recruits international students on behalf of many
elite kindergartens, primary and secondary schools, colleges and
universities in North America. Irix Design is a leading
design and advertising company based in Vancouver, Canada. Visit us online and
watch our corporate video at www.cibt.net.
SOURCE CIBT Education Group Inc.