TransAKT Ltd. (OTCPK:TAKD) announced a private placement of 39,854,567 common shares at $0.03 per share for gross proceeds of $1,195,637.01 on May 17, 2012. The company will issue 26 non-United States individuals in an offshore transaction relying on Regulation S of the Securities Act of 1933 and to one United States individual pursuant to the exemption from registration provided for under Rule 506 of Regulation D, promulgated under the United States Securities Act of 1933. On May 17, 2012, TransAKT Ltd. closed the transaction.