TransAKT Ltd. (OTCPK:TAKD) announced a private placement of common shares for gross proceeds of $9,300,784.9 on September 16, 2013. The company entered into subscription agreements with 57 individual investors to issue 30,986 shares at $0.03 per share, 4,017,557 shares at $0.04 per share, 29,768,176 shares at $0.045 per share, 21,961,580 shares at $0.05 per share, 4,525,102 shares at $0.06 per share, 80,375,000 shares at $0.08 per share. The company paid $500,000 as commission to an individual for the transaction. The company expected to receive gross proceeds of up to $10,000,000.

On September 16, 2013, TransAKT Ltd. closed the transaction.