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.