AI assistant
Plank Ventures Ltd. — Interim / Quarterly Report 2021
Mar 11, 2021
47753_rns_2021-03-10_83d575d0-cce0-4bb5-aa9a-4bb8c967ef3d.pdf
Interim / Quarterly Report
Open in viewerOpens in your device viewer
PLANK VENTURES LTD. 1080-789 West Pender Street Vancouver, BC V6E 4R7
via SEDAR
March 10, 2021
British Columbia Securities Commission Alberta Securities Commission
RE: Plank Ventures Ltd. – Amended and Restated Condensed Consolidated Interim Financial Statements and Amended and Restated Management Discussion and Analysis for the three-month ended October 31, 2020
Plank Ventures Ltd. (the “ Company ”) is filing its Amended and Restated Condensed Consolidated Interim Financial Statements and Amended and Restated Management Discussion and Analysis (together, the “ Amended Interim Filings ”) for the three-month ended October 31, 2020, accompanied by the officers’ certifications Form 52-109F2R in connection with the amendments as described below.
The Company’s auditor Dale Matheson Carr-Hilton LaBonte LLP, Professional Chartered Accountants (“ DMCL ”), at the request of the Company, has completed its review of the Company’s Condensed Consolidated Interim Financial Statements and Management Discussion and Analysis for the interim period ended October 31, 2020, dated and filed on SEDAR on December 30, 2020. Upon completion of the review, DMCL noted an error in the accounting for the October 2020 purchase of 777,777 Series B Convertible Preferred Shares of Votigo Inc. The correction of this error resulted in an increase to non-controlling interest of $161,893 and a decrease to retained earnings of $161,893. In addition, the fair value of the purchase option was reduced by $23,482 to account for the reduction it its fair value with a corresponding increase in net loss for the period.. The Amended Interim Filings have been amended to reflect this change.
The rest of the Amended Interim Filings remain unchanged.
Yours truly,
PLANK VENTURES LTD.
Per: /s/ Laurie Baggio
Laurie Baggio President, CEO and Director