NXChain Inc. (OTCPK:NXCN) announced that it has entered into a subscription agreement for a private placement of 8,000,000 common shares at $0.01 per share for gross proceeds of $800,000 on April 20, 2016. The transaction included participation from existing investors, M1 Advisors, LLC which invested $2,830 and Havanti AS which invested $77,170 in the transaction. The company issued the securities pursuant to exemption provided under Regulation D and section 4(2) of the Securities Act of 1933.