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Unigold Inc., a Canadian gold miner, became the first North American company to list its shares on the Dubai International Financial Exchange, a day after port operator DP World said it will use the bourse for its IPO.

Toronto-based Unigold's shares trade on the TSX Venture Exchange and are now also tradable on the Dubai bourse through an electronic settlement link, the Dubai International Financial Exchange, or DIFX, said yesterday.

"Unigold's exploration in the Dominican Republic is yielding exciting gold prospects and this is an appropriate time to raise our profile with investors in the DIFX's region," Unigold president Ibrahim Eitani said. "We are also preparing to carry out activities in Saudi Arabia."

State-owned DP World said on Sunday it will sell about 20 per cent of its equity next month and then list on the DIFX.

UNIGOLD (UGD)

Close: 72¢, up 4¢

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