Rox Resources (ASX:RXL) said the ASX approved a waiver sought in relation to a share purchase plan launched on Nov. 14, under which the share purchase plan will not use the firm's available placement capacity under a listing rule and not require shareholder approval, according to a Monday Australian bourse filing.

The company applied for the waiver under the listing rule because the offer price of AU$0.35 per share under the share purchase plan was less than 80% of the five-day volume weighted average price per share before the announcement date of the share purchase plan on Nov. 14.

The waiver was provided on the conditions that the number of shares to be issued under the share purchase plan must not exceed 30% of the number of fully-paid ordinary shares of Rox already on issue, as well as the issue price of the shares offered under the share purchase plan being no less than AU$0.35 per share.