TransAct Energy Corp. was formed as a Nevada corporation on March 15, 2006. The initial strategy was to acquire energy leases whether they were oil and gas, geothermal, wind, solar, run of river, or marine. Our first acquisition was an oil and gas lease interest in Alberta, Canada. We spent the next two years packaging other properties in Alberta and working towards financing the same. During this period the company also became a reporting company to the United States Security Exchange Commission.
The company filed an S1 Registration statement initiating a subscription to the company’s stock in order to process the company for trading.. Transact has completed its minimum raise under the registration statement of two hundred and fifty thousand USD and closed escrow. In January 2010, TransAct completed the registration process and came to trade as (TEGY).
In 2008 the company started working with Dr. Mory Ghomshei to create a geothermal power plants and technologies division, promoting geothermal energy in North America and South West Asia.
2010 saw the company launch its “Energy from Waste” division establishing relations with more than a dozen global municipalities and in 2011 engaged the worlds only emissions free energy from waste technology.
TransAct Energy Corp. is a development stage company listed on the OTC Pinks as TEGY.