Brief: CIBT To Raise Up To Approximately C$10 Million Through Issuance Of Convertible Debentures

Global Education Communities

01/05/2019 23:08

May 1 (Reuters) - CIBT Education Group Inc  MBA.TO :
    * CIBT TO RAISE UP TO APPROXIMATELY C$10 MILLION THROUGH
ISSUANCE
OF CONVERTIBLE DEBENTURES
    * CIBT EDUCATION GROUP INC - DEBENTURES WILL MATURE 24
MONTHS
AFTER ISSUANCE
    * CIBT EDUCATION GROUP INC - DEBENTURES WILL CARRY AN ANNUAL
COUPON OF 8-9%.
    * CIBT EDUCATION - PRINCIPAL SUM WILL BE CONVERTIBLE INTO
COMMON
SHARES BEFORE MATURITY DATE AT A CONVERSION PRICE OF ABOUT
$0.76-$0.80 PER SHARE

Source text for Eikon:  ID:nCNWhSpssa 
Further company coverage:  MBA.TO 

 ((Reuters Messaging: Reuters.Briefs@thomsonreuters.com))