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CIBT Education Group Inc.: CIBT Subsidiary Plans to Raise $60 Million Equity for Construction of GEC Education Mega Center CIBT or the Company ) reports that its subsidiary, GEC Education Center Limited Partnership, plans to raise total equity of $60 million to fund the construction of GEC Education Mega Center® (the Project ). The financing of the Project is expected to be progressive in that the offering price of each unit offering will increase in phases consistent with the construction progress. GEC Education Mega Center® represents one of our biggest flagship projects and has received much interest from the real estate investment communities both domestic and abroad. During the past 18 months and amid the pandemic, CIBT and its subidiaries successfully completed nearly $33 million in equity and convertible-debt financing, and received over $0.5 billion in mortgage financing between 2015 - 2020. These experiences and contacts have led us to discussions with several in

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