Northsight Capital, Inc. (OTCPK:NCAP) signed a preliminary agreement to acquire 80% of stake in Westcliff Technologies on November 11, 2017. In related transaction, Northsight is also acquiring 49% of Westcliff Initial Coin Offering and wallet platforms for the combined consideration of 18 million restricted shares of common stock and cash of $3,000,000 to be paid out over a 36 month period, or $83,333 per month. The first payment of $83,333 will be due upon the closing of the acquisition. The acquisition transaction is subject to among other conditions, board approval, Northsight Capital receipt of $3 million in funding, and the negotiation and execution of a definitive purchase agreement.