White Fox Ventures Inc. (AWAW): Breathe eCig Corp. Successfully Restruc...

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Monday, 01/04/2016 7:23:35 PM

Monday, January 04, 2016 7:23:35 PM

Breathe eCig Corp. Successfully Restructures $115,000.00 Convertible Debt

PR Newswire

NEW YORK, January 4, 2016

NEW YORK, January 4, 2016 /PRNewswire/ --

Breathe eCig Corp. (OTCQB: BVAP) ("Breathe" or the "Company"), an electronic cigarette industry innovator and pioneer, has today announced that it has successfully restructured convertible debt with EMA Financial LLC.

The Company has reached a formal agreement with EMA Financial LLC ("EMA"), whereby EMA has agreed to an extension enabling Breathe to fully repay the outstanding convertible debt held in exchange for a one time cash payment of $170,600 USD on or before July 1, 2016 ("the Extension Date").

Breathe CEO Mr. Josh Kimmel expressed, "After retiring over $721,000 USD in convertible notes over the past three months, this was an important step for the Company, allowing Breathe to focus on its core business fundamentals."