EXHIBIT 23.2

                                  LABONTE & CO.
                     C H A R T E R E D A C C O U N T A N T S
              610 - 938 Howe Street, Vancouver, BC, Canada, V6Z 1N9
   Telephone (604) 682-2778 Facsimile (604) 689-2778 Email info@labonteco.com

August 26, 2003

U.S.  Securities and Exchange Commission
Division of Corporate Finance
450 Fifth Street, N.W.
Washingtion, D.C. 20549

Dear Sir/Madame:

Re: Transax  International Limited (formerly  Vega-Atlantic  Corporation) - Form
S-8 Registration of 4,500,000 shares of common stock

We hereby  consent to the  incorporation  by reference  therein of our Auditors'
Report  dated  June 3,  2003 to the  Stockholders  and Board of  Directors  with
respect to the consolidated  financial statements of the Company included in its
annual report filed with the U.S.  Securities  and Exchange  Commission  for the
fiscal year ended March 31, 2003 on Form 10-KSB.

Sincerely,

"LaBonte & Co."

LaBonte & Co.,
Chartered Accountants


c.c. Transax International Limited