Nemex Resources Limited (ASX: NXR) announced that it has entered into a conditional subscription agreement of 36,000,000 shares at a price of AUD 0.02 per share for gross proceeds of AUD 720,000 to Guangdong Huaxiazhongjing Fund Management Co Ltd on November 30, 2017. Completion of the transaction and the issue of the securities are conditional upon Guangdong Huaxiazhongjing Fund Management Co Ltd obtaining all necessary regulatory approvals for the transfer of the funds from the Chinese regulatory authority. Guangdong Huaxiazhongjing Fund Management Co Ltd has agreed to further subscribe for 400 million shares at an issue price of not less than 2 cents per Share to raise AUD 8,000,000, subject to and conditional upon: identification of a suitable investment opportunity on acceptable acquisition terms; approval by the company’s shareholders at a general meeting if such approval is required in accordance with ASX Listing Rules; satisfaction of ASX Listing Rule 11.1.3 as required by ASX.