Northsight Capital, Inc. (OTCPK:NCAP) announced a private placement of a convertible promissory note for gross proceeds of $58,000 on June 25, 2018. The note carries a fixed coupon of 10% per annum and would mature on or about September 25, 2019. The note is convertible into common stock, commencing six months after the issue date, at a variable conversion price equal to a 39% discount to the market price of the common stock. The note may be prepaid at any time during the 180 day period following issuance, subject to payment of a variable premium ranging between 12% to 37% for redemptions between 30 and 180 days after the issuance date. After 180 days, the note may not be prepaid. The company issued the note pursuant to exemption provided under Regulation D. The transaction included participation from a single investor.