Stargreen Holdings, LLC cancelled the acquisition of Northsight Capital, Inc. in a reverse merger transaction.

Stargreen Holdings, LLC signed a non-binding letter of intent to acquire Northsight Capital, Inc. (OTCPK:NCAP) in a reverse merger transaction on November 14, 2016. As part of transaction, Northsight Capital is expected to issue 210 million shares of common stock in connection with the transaction. In addition, Northsight Capital is expected to issue to the management team warrants to purchase 10% of its fully diluted common stock, with vesting to be based upon performance milestones. The closing of the transaction is subject to various conditions, including satisfactory completion of due diligence, negotiation of definitive agreements, Stargreen consummating at closing the minimum $5 million funding on mutually agreeable terms and satisfaction prior to closing of Northsight Capital's preexisting liabilities. The non-binding letter of intent expires on March 31, 2017. As of April 13, 2017, the closing is extended until April 30, 2017. Stargreen Holdings, LLC cancelled the acquisition of Northsight Capital, Inc. (OTCPK:NCAP) in a reverse merger transaction on May 4, 2017. Stargreen Holdings did not raise the minimum $2.5 million for the transaction.