Extension of Loans Payable

About this update from Planet Ventures Inc

Extension of Loans Payable (TheNewswire)       Vancouver, B.C. – June 29th, 2026 – TheNewswire - Plank Ventures Ltd. (“Plank” or the “Company”) (CSE:PLNK) announces that it plans to extend the maturity of existing loans the Company has with Lanebury Growth Capital Ltd. (“Lanebury”), Cascadia Junk Removals Inc., Phoenix Ventures Inc. (“Phoenix”) and Code Consulting Limited.   Extension of Repayment Terms of Loans from Lanebury Growth Capital Ltd., Cascadia Junk Removals Inc., Phoenix Ventures Inc. and Code Consulting Limited.   The Company has entered into agreement with Lanebury Growth Capital Ltd. that on June 29th, 2026, they will extend a loan which was due to mature on June 30th, 2026 to mature on December 31st, 2026. 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 $4,308,251 CAD.   The Company has also entered into agreement with Cascadia Junk Removals Inc., US C-Corp, that on June 29th, 2026, they will extend a loan which was due to mature on June 30th, 2026 to mature on December 31st, 2026. 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 $300,000 USD.   The Company has also entered into agreement with Phoenix Ventures Inc. that on June 29th, 2026, they will extend a loan which was due to mature on June 30th, 2026 to mature on December 31st, 2026. The interest rate of the loan shall remain at 12% annual. The loan was entered into on December 31st, 2024 for the original principal amount of $412,602 CAD.   The Company has also entered into agreement with Phoenix Ventures Inc. that on June 29th, 2026, they will extend a loan which was due to mature on June 30th, 2026 to mature on December 31st, 2026. The interest rate of the loan shall remain at 12% annual. The loan was entered into on January 14th, 2025 for the original principal amount of $50,000 CAD.   The Company has also entered into agreement with Code Consulting Limited that on June 29th, 2026, they will extend a loan which was due to mature on June 30th, 2026 to mature on December 31st, 2026. The interest rate of the loan shall remain at 12% annual. The loan was entered into on December 31st, 2...

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