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Axelum Resources Corp.AXLM

PSE Disclosure Form 17-3 - Request for Extension to File SEC Form 17-A References: SRC Rule 17, SEC Memorandum Circular No. 7 Series of 2008 and
Section 17.2 and 17.8 of the Revised Disclosure Rules

For the fiscal year ended Dec 31, 2019
Deadline of Submission of Annual Report Apr 14, 2020
Reason for requesting extension to submit Annual Report

Pursuant to SEC Memorandum Circular NO. 5, Series of 2020 and the subsequent Notice dated March 18, 2020 issued by the SEC, AXELUM RESOURCES CORP. (the “Company”) has requested for an extension of time to file and submit its Annual Report (SEC Form 17-A), the Audited Financial Statements, and the Sustainability Report, all for the period ended 31 December 2019 (collectively, the “Reports”).

The Company could not finalize and complete the Reports because of the Enhanced Community Quarantine and the Stringent Social Distancing Measures imposed by the government in connection with the COVID-19 pandemic, over the entire Luzon, including the National Capital Region. The government likewise imposed travel restrictions and bans and ordered suspension of business operations which resulted in the inability to perform and complete certain audit procedures, severely limited mobility of persons, including employees of the Company and third persons needed to finalize and complete the Reports, and caused delay in the completion of the Reports due to lacking or missing information or documents. Clearly, these factors are beyond the control of the Company.

Other Relevant Information

Amended to include SEC Form 17-LC (COVID 19) approved by SEC on March 31, 2020 in lieu of a written request.

The Company undertakes to submit the report within fifteen (15) calendar days after the prescribed deadline or upon submission of the report to the Securities and Exchange Commission, whichever is earlier. The Company understands that failure to comply with the undertaking may result to the imposition of applicable penalty/ies and/or sanction/s.

Filed on behalf by:
Name Dominic Isberto
Designation Compliance Officer