SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)

Jun 29, 2022

2. SEC Identification Number

CS201013282

3. BIR Tax Identification No.

007-851-927-000

4. Exact name of issuer as specified in its charter

AXELUM RESOURCES CORP.

5. Province, country or other jurisdiction of incorporation

Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

ICS Bldg. Tiano-Montalvan Sts., Cagayan de Oro City Postal Code 9000

8. Issuer's telephone number, including area code

02-88510715

9. Former name or former address, if changed since last report

N/A

10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA

Title of Each Class	Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common	3,803,227,500

11. Indicate the item numbers reported herein

9

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

Axelum Resources Corp.AXLM

PSE Disclosure Form 4-30 - Material Information/Transactions References: SRC Rule 17 (SEC Form 17-C) and
Sections 4.1 and 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
Amended Dividend Policy
Background/Description of the Disclosure
The Board of Directors of Axelum Resources Corp. (the ‘Company’) approved on 29 June 2022 the following amended dividend policy: “The Company hereby adopts a dividend policy of distributing up to 15% of the reported net income of the immediately preceding fiscal year, payable primarily in cash within 30 days from the declaration date, subject to the financial condition, operational requirements, and future expansion plans and programs of the Company. The Company’s Board of Directors (BOD), in its discretion, may also decide to declare dividends to be payable in property or shares instead of in cash. The Company may declare dividends only out of its unrestricted retained earnings, which represent the net accumulated earnings of the Company with its capital unimpaired which are not appropriated for any other purpose. Any regular cash or stock dividend declaration shall be subject to the exclusion of any retained earnings for expansion, if any, or other purposes. In the case of stock dividends, it should have been approved by at least 2/3 of the Company’s total outstanding capital stock at a regular or special meeting called for the purpose. The Company shall likewise conduct a periodic review of the available unrestricted balance of retained earnings for purposes of earmarking any surplus thereof for future capital expenditures or for distributing the same as special cash or stock dividends. The payment of cash dividends shall be subject to the approval by the BOD and will depend, among others, upon the Company’s earnings, cash flow, financial condition, future expansion plans and programs, and operational requirements. The BOD shall periodically review, amend or update the foregoing dividend policy.”
Other Relevant Information
None