Northsight Capital raises $409,000 through private placement of stock

Company sells 1,636,000 restricted common shares at $0.25 in offering

By Devika Patel

Knoxville, Tenn., March 18 - Northsight Capital, Inc. settled a $409,000 private placement of stock between March 3 and March 17, according to an 8-K filed Tuesday with the Securities and Exchange Commission.

The company sold 1,636,000 restricted common shares at $0.25 apiece. The price per share reflects a 44.44% discount to $0.45, the Feb. 28 closing share price.

The Scottsdale, Ariz., company sells water products.

Issuer:	Northsight Capital, Inc.
Issue:	Restricted common stock
Amount:	$409,000
Shares:	1,636,000
Price:	$0.25
Warrants:	No
Settlement date:	Between March 3 and March 17
Stock symbol:	OTCBB: NCAP
Stock price:	$0.45 at close Feb. 28
Market capitalization:	$27.75 million

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