Azimut Exploration Inc

Azimut Exploration Inc. is a Canadian mineral exploration company trading on Toronto's TSX Venture Exchange.The Company specializes in project generation supported by exploration expertise and partnership development. Targets are generated through the advanced processing of large geoscientific databases (the “Big Data” approach).Azimut holds a major gold and base metal portfolio in the mining-friendly province of Québec, Canada. Azimut's strategy allows it to be essentially self-financing, having received about $1 million per year in cash and share considerations since 2004, which covers most of the internal expenditures.The Company maintains a rigorous financial discipline to limit shareholder dilution, ending Q2 2016 with $1.1 million in working capital, no debt and 37.6 million shares issued (41.4 million fully diluted) of which 43% are held by insiders and institutional shareholders.