VANCOUVER, Jan. 8, 2012 /CNW/ - CIBT Education Group Inc. (NYSE AMEX: MBA and TSX: MBA) reports that it has granted stock options, pursuant to its stock option
plan, to certain of its employees, consultants, officers and directors
for the purchase of an aggregate of 3,120,000 common shares
representing approximately 4% of the company's issued and outstanding
share capital. The options vest over five years and are exercisable
for five years at a price of $0.24 per share.
About CIBT Education Group:
CIBT Education Group Inc. is an education management company focused on
the global education market. Listed on the Toronto Stock Exchange and
the NYSE Amex, CIBT Group owns and operates a network of business,
technical and language colleges and has cooperative joint programmes in
18 countries. Its subsidiaries include Sprott-Shaw Community College
(established in 1903), Sprott-Shaw Degree College, CIBT School of
Business China, and King George International College. Through these
subsidiaries, CIBT Group offers Western and Chinese accredited business
and management degrees, and programmes in college preparation,
automotive maintenance, information technology, hotel management and
tourism, English language training, English teacher certification, and
other career/vocational training. In addition to its wholly-owned
subsidiaries, CIBT Group is the exclusive licensee for the American
Hotel & Lodging Educational Institute (AHL-EI) in China and the
Philippines, and the WyoTech Automotive Institute for China. CIBT Group
also owns Irix Design Group, a leading design and advertising company
based in Vancouver, Canada.
ON BEHALF OF THE BOARD OF DIRECTORS
Vice-Chairman, President & CEO
Neither the NYSE Amex nor the Toronto Stock Exchange accepts
responsibility for the adequacy or accuracy of this news release.
SOURCE CIBT Education Group Inc.
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