Plank Ventures Ltd. announced that it plans to extend the maturity of existing loans the Company has with Lanebury Growth Capital Ltd, Phoenix Ventures Inc, Cascadia Junk Removals Inc. and Code Consulting Limited. The Company has entered into agreement with Lanebury Growth Capital Ltd. that on December 29th, 2023, they will extend a loan which was originally due to mature on December 31st, 2023 to mature on June 30th, 2024. The interest rate of the loan shall remain at 12% annual.

The loan was entered into on September 30th, 2023 for the original principal amount of CAD 4,308,251. The Company has also entered into agreement with Phoenix Ventures Inc. that on December 29th, 2023, they will extend a loan which was originally due to mature on December 31st, 2023 to mature on June 30th, 2024. The interest rate of the loan shall remain at 12% annual.

The loan was entered into on September 30th, 2023 for the original principal amount of CAD 216,232 . The Company has also entered into agreement with Cascadia Junk Removals Inc. that on December 29th, 2023, they will extend a loan which was originally due to mature on December 31st, 2023 to mature on June 30th, 2024. The interest rate of the loan shall remain at 12% annual.

The loan was entered into on August 30th, 2018 for the original principal amount of USD 300,000 . The Company has also entered into agreement with Code Consulting Limited that on December 29th, 2023, they will extend a loan which was originally due to mature on December 31st, 2023 to mature on June 30th, 2024. The interest rate of the loan shall increase to 12% annual.

The loan was entered into on December 13th, 2022 for the original principal amount of CAD 200,000.