Latest Northsight Capital (NCAP) Headlines Ku
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Posted On: 03/10/2014 6:14:40 PM
Latest Northsight Capital (NCAP) Headlines
Kuboo Subsidiary, Northsight Capital, Receives Preliminary Investor Commitments for Approximately $500,000 in Funding
Marketwire - Mon Mar 10, 9:04AM CDT
Kuboo, Inc., (OTC Pink: SGTB) subsidiary Northsight Capital, Inc., (OTCBB: NCAP) announced today that it has received verbal commitments from prospective investors with respect to the private investment of approximately $500,000 into the company. Upon receipt of these funds, the company will have satisfied the funding condition contained in its recently executed LOI (as amended) with respect to its planned acquisition of approximately 7,000 marijuana/cannabis/hemp domains. The company anticipates that it will be able to close the planned acquisition within approximately thirty days of receipt of the $500K funding. The first $100,000 was received by the company on Friday, March 7. However, since the company has not yet received executed subscription agreements for the balance, there is no guarantee that investors will follow through on their verbal commitments.
Kuboo, Inc. and Northsight Capital Announce a Letter of Intent for Northsight to Acquire Approximatley 7,000 Marijuana Related Domains
Marketwire - Tue Mar 04, 8:47AM CST
Kuboo, Inc., (OTC Pink: SGTB) dba Safe Communications, Inc. ("Safe"), and Northsight Capital, Inc. (OTCBB: NCAP) (OTCQB: NCAP), announced today that Northsight Capital ("NCAP"), Safe's 80% owned subsidiary, has signed a letter of intent to acquire approximately 7,000 domains, all in the marijuana/cannabis/hemp space. NCAP is expected to change its name to "The Marijuana Advertising Group" after completion of the transaction. Safe is expected to retain approximately ten percent of the fully diluted equity of NCAP, after giving effect to the acquisition and related transactions, including anticipated initial funding in the amount of $1 million, while the seller of the Domains is expected to own about 80% of NCAP after completion of these transactions. Following completion of the proposed acquisition, Safe anticipates spinning off to its shareholders all of its shares of NCAP, subject to compliance with applicable securities and other laws.
Kuboo Subsidiary, Northsight Capital, Receives Preliminary Investor Commitments for Approximately $500,000 in Funding
Marketwire - Mon Mar 10, 9:04AM CDT
Kuboo, Inc., (OTC Pink: SGTB) subsidiary Northsight Capital, Inc., (OTCBB: NCAP) announced today that it has received verbal commitments from prospective investors with respect to the private investment of approximately $500,000 into the company. Upon receipt of these funds, the company will have satisfied the funding condition contained in its recently executed LOI (as amended) with respect to its planned acquisition of approximately 7,000 marijuana/cannabis/hemp domains. The company anticipates that it will be able to close the planned acquisition within approximately thirty days of receipt of the $500K funding. The first $100,000 was received by the company on Friday, March 7. However, since the company has not yet received executed subscription agreements for the balance, there is no guarantee that investors will follow through on their verbal commitments.
Kuboo, Inc. and Northsight Capital Announce a Letter of Intent for Northsight to Acquire Approximatley 7,000 Marijuana Related Domains
Marketwire - Tue Mar 04, 8:47AM CST
Kuboo, Inc., (OTC Pink: SGTB) dba Safe Communications, Inc. ("Safe"), and Northsight Capital, Inc. (OTCBB: NCAP) (OTCQB: NCAP), announced today that Northsight Capital ("NCAP"), Safe's 80% owned subsidiary, has signed a letter of intent to acquire approximately 7,000 domains, all in the marijuana/cannabis/hemp space. NCAP is expected to change its name to "The Marijuana Advertising Group" after completion of the transaction. Safe is expected to retain approximately ten percent of the fully diluted equity of NCAP, after giving effect to the acquisition and related transactions, including anticipated initial funding in the amount of $1 million, while the seller of the Domains is expected to own about 80% of NCAP after completion of these transactions. Following completion of the proposed acquisition, Safe anticipates spinning off to its shareholders all of its shares of NCAP, subject to compliance with applicable securities and other laws.
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