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Axelum Resources Corp.AXLM

PSE Disclosure Form 4-29 - Disbursement of Proceeds and Progress Report References: Memorandum No. 626 - 2007 dated December 20, 2007
Section 4.4 of the Revised Disclosure Rules

• Annual Report
• Quarterly Report
• OthersDisbursement of proceeds from IPO

Subject of the Disclosure
Disbursement of proceeds from IPO
Background/Description of the Disclosure
In compliance with the PSE's Notice of Approval in connection with the Company's listing application, we advise that the Company has disbursed the amount of Php800 Million from the proceeds of its IPO as partial payment for its loan with Metrobank. The Company made this disbursement now instead of the scheduled disbursement stated in the Use of Proceeds, which is in 2020, to save on interest cost.
Other Relevant Information
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