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)

Feb 6, 2023

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	3,798,405,500

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
Issuance of redeemable preferred shares
Background/Description of the Disclosure
Please be advised that during its special meeting held on February 6, 2023, the Board of Directors of Axelum Resources Corp. (the “Company”) approved the following: a. The issuance of Two Hundred Million (200,000,000) redeemable preferred shares of stock in favor of Metro Pacific Agro Ventures, Inc. (“MPAV”) representing 5% stake (post transaction) in the Company for a total consideration of Php500,000,000, subject to compliance with certain conditions; b. The execution of the Agreement to Subscribe (the “Agreement”) between the Company and MPAV, including the execution and delivery of the Subscription Agreement and all other transaction documents at the relevant time; and c. The designation of authorized signatories and representatives to give effect to the aforementioned resolutions. On the same day, the Company entered into the Agreement with MPAV. The redeemable preferred shares to be issued are voting, participate in dividends, redeemable at the option of the Company, convertible at the option of the holder at the rate of 1 common share for 1 redeemable preferred share, reissuable, and have preference in the event of any liquidation or dissolution.
Other Relevant Information
None