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Plank Ventures Ltd. — Regulatory Filings 2021
Sep 21, 2021
47753_rns_2021-09-20_f0f7fa17-6998-480a-9355-d8996be62f37.pdf
Regulatory Filings
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FORM 51-102F3
MATERIAL CHANGE REPORT
Item 1. Name and Address of Company
Plank Ventures Ltd. (the “ Company ” or “ Plank ”) Suite 1080 – 789 W. Pender Street, Vancouver, BC V6C 1H2
Item 2. Date of Material Change
September 15, 2021.
- Item 3. News Release
The new release was disseminated through the news dissemination services of TheNewswire on September 20, 2021 and was filed under the Company’s profile on SEDAR (www.sedar.com).
- Item 4. Summary of Material Change
In its news release dated September 20, 2021 the Company announced that it invested $300,000 into CodeZero Technologies Inc., a Vancouver-based technology company.
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Item 5. Full Description of Material Change
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Item 5.1 Full Description of Material Change
In its news release dated September 20, 2021, the Company announced that it invested $300,000 into CodeZero Technologies Inc. (“ CodeZero ”). CodeZero issued a convertible promissory note in the amount of $300,000 to Plank (the “ Note ”). The Note is due on November 15, 2022 and provides for 6% annual interest rate. The Note is eligible to be converted into equity of CodeZero at a 20% discount to the next round of financing by CodeZero.
For more information please view the news release issued by Plank on September 20, 2021 available under Plank’s profile on SEDAR (www.sedar.com).
Item 5.2 Disclosure for Restructuring Transactions
Not Applicable
Item 6.
Reliance on subsection 7.1(2) or (3) of National Instrument 51-102
Not applicable.
- Item 7. Omitted Information
The undersigned is aware of no information of a material nature that has been omitted.
Item 8. Executive Officer
Mr. Laurie Baggio, President, CEO & Director of the Company, is knowledgeable about the material change and this report. He can be contacted at (604) 805-7498.
Item 9. Date of Report
Dated September 20, 2021 at Vancouver, British Columbia