Electronic Cigarettes International Group Ltd fka ECIGQ

[MADDSTACKER]

Here you go brother..
The Company achieved the following progress in key areas:

An agreement has been reached with approximately 85% of the senior note holders to extend the length of their note by an additional 18 months, reduce the interest rate to 8%, affix their conversion price, and eliminate the ratchet provision on their warrants.
Existing investors agreed to provide short-term working capital to continue to fund the Company’s growth and operational requirements.
Sources for a larger infusion of long-term growth capital have been identified, and ECIG is working with these investors to structure an agreement that will allow the Company to proceed with its global expansion strategy.