chatAND, Inc. (OTCBB:CHAA) announced that it has entered into a subscription agreement for a private placement of up to 50,000 units at a price of $10 per unit for gross proceeds for $500,000 on March 16, 2014. Each unit consists of 100 common shares, 100 B warrants to purchase common shares at an exercise price of $0.10 per share, and 100 C warrants to purchase common shares at an exercise price of $0.15 per share. Each B warrants and C warrants is exercisable for a term of three years and shall contain standard anti-dilution protection and a cashless exercise provision that will be effective following a one-year holding period. The company will issue the securities pursuant to exemption provided under Regulation D. The minimum investment accepted from any outside investor will be $100. Richard I. Anslow of Ellenoff Grossman & Schole LLP will act as legal advisor to the company.

As of March 28, 2014, the company announced that it has issued 26,500 units for gross proceeds of $265,000 in funding from four investors.

As of March 31, 2014, the company has issued 36,500 units for gross proceeds of $365,000. Existing investor Harborview Value Master Fund L.P has subscribed 20,000 units.

On April 8, 2014, chatAND, Inc. closed the transaction. The company has issued remaining 13,500 units for gross proceeds of $135,000.