(TheNewswire)
Vancouver, B .C. – TheNewswire - March 28 th , 2023 - Plank Ventures Ltd. (“Plank” or the “Company”) (CSE:PLNK) announces that ithas entered into a loan agreement with Karve IT Ltd. .(“ Karve IT ”) for total proceeds of $150,000 CAD, to be issued in twoequal distributions of $75,000. The first distribution is due uponsigning, the second is available to Karve IT on request. The loan ispayable on demand, bears interest at a monthly rate of 2% compoundedmonthly, and can be pre-paid in full. The loanwill be used to fund general working capital requirements of KarveIT.
About Karve IT
Karve IT builds SaaS Franchise Management software forthe home services industry with a focus on smart data tooling andimproving the operations life cycle through workflows.
About Plank Ventures Ltd.
Plank is an investment company targeting investmentsand business opportunities in the technology arena, focusing onearly-stage start-up companies that already have developed a customerand revenue base and were seeking funding for expansion.
ON BEHALF OF THE BOARD OFDIRECTORS
“Laurie Baggio”
CEO and Director
For additional information please contact:
Laurie Baggio, CEO Tel: 778 300-7565
All statements in this pressrelease, other than statements of historical fact, are“forward-looking information” with respect to the Company, Karve IT Ltd ., and theirrespective business withinthe meaning of applicable securities laws, including the business plans and prospects of theCompany . The Company provide s forward-looking statements for the purpose of conveying informationabout current expectations and plans relating to the future andreaders are cautioned that such statements may not be appropriate forother purposes. By its nature, this information is subject to inherentrisks and uncertainties that may be general or specific and which giverise to the possibility that expectations, forecasts, predictions,projections or conclusions will not prove to be accurate, thatassumptions may not be correct and that objectives, strategic goalsand priorities will not be achieved. These risks and uncertaintiesinclude but are not limited those identified and reported in the Company’s public filings under its SEDAR profile at www.sedar.com. Although the Company ha s attempted to identifyimportant factors that could cause actual actions, events or resultsto differ materially from those described in forward-lookinginformation, there may be other factors that cause actions, events orresults not to be as anticipated, estimated or intended. There can beno assurance that such information will prove to be accurate as actualresults and future events could differ materially from thoseanticipated in such statements. The Company disclaim s any intention or obligation to update orrevise any forward-looking information, whether as a result of newinformation, future events or otherwise unless required bylaw .
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