CIBT Education Group Inc.: CIBT Subsidiary Plans to Raise $60 Million Equity for Construction of GEC Education Mega Center
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 rec...