Nemex Resources Ltd. (ASX:NXR) announced that it has entered into an agreement for private placement of 6,000,000 shares at AUD 0.05 per share for gross proceeds of AUD 300,000 on November 5, 2014. The transaction will include participation from a group of Hong Kong based professional investors. The company will also issue 6,000,000 attaching options which can be exercised at AUD 0.05 per share on or before December 31, 2015. The company will also issue additional 5,000,000 options with same terms to the investors for introducing the company to their network of institutional and high net worth investors. The transaction is subject to shareholders' approval which will be obtained at the annual general meeting to be held on November 27, 2014.

On November 27, 2014, Nemex Resources Ltd. closed the transaction. The company issued 966,000 shares to an external consultant as part remuneration for services provided.