Unigold of Canada is first North American company to list on Dubai International Financial Exchange
Unigold is exploring for gold on its 226 square kilometers concession in the Dominican Republic and has a reconnaissance licence to explore for minerals anywhere in Saudi Arabia. The company is already listed on the TSX Venture Exchange in Toronto and its largest shareholder is the Saudi Arabian company Shairco for Trading, Industry & Contracting Company.
Dr. Ibrahim Eitani, President and Chief Executive of Unigold, said: “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.
“We are also preparing to carry out activities in Saudi Arabia and elsewhere while seeking potential projects for merger/acquisition.”
Per E. Larsson, Chief Executive of the DIFX, said: “This first listing by a North American company underlines the international appeal of the DIFX, which now has 12 equity listings from issuers in five continents. Our issuer base offers unique opportunities to investors in our region and beyond.”
Computershare, an international share registry, will enable trading on the DIFX to take place in the same pool of ordinary shares that is listed on the TSX Venture Exchange, through a settlement link.
Hamed Ali, Executive Officer of the DIFX, said: “As an international company with strong connections to the region, Unigold is an excellent example of an issuer that can benefit from a DIFX listing.
“We are particularly pleased to be strengthening the exchange’s gold mining sector in a period of strong gold prices.”