Nemex Resources (ASX:NXR) has signed a binding heads of...

Nemex Resources (ASX:NXR) has signed a binding heads of agreement to acquire the remaining 60% interest in Wavefront Biometric Technologies Pty Ltd.

The purchase consideration will be the issue of a number of NXR shares that will result in Nemex holding 49% of the company’s issued capital immediately following settlement.

In May, the company noted that confidential commercialisation activities are underway with international mobile device manufacturers.

Any commercialisation agreement with a large mobile device manufacturer would be a significant price catalyst.

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