Northsight Capital, Inc. (OTCPK:NCAP) signed non-binding memorandum of terms to acquire Crush Mobile Apps, LLC on May 8, 2017. Northsight Capital, Inc. (OTCPK:NCAP) signed a definitive agreement to acquire all of the outstanding membership interests of Crush Mobile Apps, LLC from a group of shareholders for $0.8 million on August 8, 2017. The deal is structured as a cash and stock transaction. As a part of the consideration, Northsight Capital will issue an aggregate of 4.9 million shares with each seller to receive a pro-rata number of said shares based on his/her/its proportionate interest in the membership interests of Crush Mobile, except that Yossi Shemesh shall be paid $1,876 in cash for his membership interest, Adam Gottlieb shall be paid $625 in cash for his membership interest and Robert Feinstein shall be paid $2,778 in cash for his membership interest. Northsight Capital will also issue 3 million shares to Crush Mobile’s creditors which shall be in full and complete satisfaction of $0.3 million of indebtedness owing by the Crush Mobile to creditors. Also, Northsight Capital, Inc. will pay $80,000 in cash to Itay Koren, in full and complete satisfaction of all indebtedness owing by Crush Mobile. Upon the closing, the Crush Mobile management team will take over our day to day operations, with the Crush Mobile current Chief Executive Officer, Sonya Kreizman, taking over as Northsight Capital’s interim Chief Executive Officer. The transaction is subjected to due diligence investigation, fund raising of $0.5 million by Northsight Capital, Inc. and execution of definitive agreement. As of January 4, 2018, the funding condition was waived. The deal is expected to close on June 1, 2017. As of May 15, 2017, the transaction is expected to close around June 15, 2017. As of August 8, 2017, the transaction is expected to be close around September 30, 2017. David H. Feinberg of Feinberg Law Group LLC acted as the legal advisor to Crush Mobile Apps, LLC on the transaction.