WhiteFox Ventures Inc. acquired Breathe eCig Corp. (OTCPK:BVAP) in a reverse merger transaction on April 1, 2016. As part of transaction, the Breathe eCig has announced the appointment of a new executive management team. Shinsuke Nakano has been appointed as Chairman of the Board and Chief Executive Officer; Takehiro Abe as Chief Operating Officer and Director. The outgoing Chief Executive Officer, Seth M. Shaw will continue to serve as its Interim Chief Financial Officer and as a Director. WhiteFox Ventures Inc. completed the acquisition of Breathe eCig Corp. (OTCPK:BVAP) in a reverse merger transaction on April 1, 2016. WhiteFox Ventures Inc. rescinded the acquisition of Breathe eCig Corp. (OTCPK:BVAP) in a reverse merger transaction on May 6, 2016. As a result of rescission of the deal, the investment from White Fox Ventures to Breathe is treated as private placement in an amount of $0.196 million by the issuance of 1.96 billion Breathe shares, representing 72% stake in Breathe.