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 7, 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 4-32 - Reply to Exchange's Query

Subject of the Disclosure
Reply to the Exchange Query
Description of the Disclosure
Additional information regarding MPAV transactions
Information Requested
1. Please refer to the attached document showing the effects in the Company’s ownership structure and capital structure before and after the transaction 2. There will be no change in the Company’s business and will continue to engage in the business of a full-line of coconut products including coconut water, desiccated coconuts, coconut milk powder, coconut milk/cream, reduced fat coconut, sweetened coconut, coconut oil, and other coconut products. 3. The Company does not see any effect on its business, financial condition and operations. 4. At this time, the Company does not see any change in the composition of its directors and management. 5. After closing of the transactions, MPAV will be entitled to exercise their rights under the law as a stockholder, including the right to nominate a director and representation in the board committees. Based on information provided by the selling shareholders, upon closing, MPAV will have the right to nominate 1 director of the Company and representation in board committees and MPAV may also assign a senior finance representative whose functions shall be determined by the Company in consultation with MPAV. 6. Please refer to the attached charts showing the founders' shares before and after the transaction. The founders of AXLM, composed of Romeo I. Chan, Henry J. Raperoga, Paul Rene Z. Tayag, Armando R. Nañawa, Vicente T. Mills, Jr. and Preciosa D. Castillo, through their companies, are still the controlling shareholders acting in cooperation with each other. Further, on closing, MPAV will enter into an agreement with their companies relating to the shareholdings, operation and management of ARC. The transaction is subject to compliance with the Rules of the Philippine Stock Exchange and requirements of the Securities Regulation Code and its Implementing Rules and Regulations, including the relevant provision of SRC IRR Rule 19 (Tender Offers), if applicable.