Vancouver, B.C. – TheNewswire - June 16th, 2025 – Plank Ventures Ltd. (CSE: PLNK) (“Plank” or the “Company”) announces sale of its investment in ThinkCX Technologies Inc. (“ThinkCX”) as part of a broader acquisition of ThinkCX by, an arm’s length third party.

Plank originally acquired 945,945 units of ThinkCX on August 30, 2018, for aggregate consideration of $350,000. Each unit was comprised of one Series 1 Class A preferred share and one Series 1 Class A preferred share purchase warrant. The warrants expired unexercised.

Under the terms of the transaction, the Buyer has agreed to acquire all outstanding shares of ThinkCX. Plank is participating in the transaction alongside other shareholders pursuant to the terms of its original investment. As a result, Plank will receive aggregate consideration of $1,015,536.28, representing a price of approximately $1.0736 per share. The consideration will be paid in the form of cash, and the transaction closed on June 9, 2025.

The transaction is expected to result in a gain of approximately $665,536.28 for Plank. Plank supports the process and believes the outcome aligns with its strategy of unlocking shareholder value through opportunistic exits from its early-stage technology investments.

 

About Plank Ventures Ltd.

Plank is an investment company targeting investments and business opportunities in the technology arena, focusing on early-stage start-up companies that already have developed a customer and revenue base and were seeking funding for expansion.

  

ON BEHALF OF THE BOARD OF DIRECTORS

 

“Laurie Baggio”

CEO and Director

 

For additional information please contact:

 

Laurie Baggio, CEO Tel:  778 300-7565

 

Forward Looking Statements

Other than statements of historical fact, all statements included in this news release, including, without limitation, statements regarding future plans and objectives of Plank are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Factors that could cause actual results to differ materially from those expected by Plank are those risks described herein and from time to time, in the filings made by Plank with Canadian securities regulators. Those filings can be found on the Internet at: http://www.sedar.com under the profile of Plank. Investors must not rely on the forward-looking statements.