After several expeditions to South America, Pizarro secured his stay in Peru with the Capitulation on 6 July 1529 [REF].
In an attempt to claim Quito ahead of Belalcázar, in August 1534 De Almagro founded a city on the shores of Laguna de Colta (Colta Lake) in the foothills of Chimborazo, some 55km south of present-day Quito, and named it "Santiago de Quito."