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.
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
kindergarten programs, primary and secondary schools, and 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.
Toby Chu
Chairman, President and Chief Executive Officer
CIBT Education Group Inc.
SOURCE CIBT Education Group Inc.