Victoria Gold Corp VITFF

Question?

[spazzman]

Can anyone tell me 'does this news mean that the new fund is purchasing VIT shares? or just tracking the price? If this new ETF actually buys shares, how many or what % of VIT shares would it hold? Thanks.




Victoria Gold Corp. Selected for Global X S&P/TSX Venture 30 Canada ETF (ccnm)
TORONTO, ONTARIO--(Marketwire - March 17, 2011) - Victoria Gold Corporation (TSX VENTURE:VIT), the "Company" is pleased to announce it has been selected for the Global X S&P/TSX Venture 30 Canada Exchange Traded Fund ("ETF") (TSXV) launching today on the NYSE Arca.
The ETF launched by Global X Funds tracks the S&P/TSX Venture 30 Index. This index seeks to measure the performance of 30 of the largest and most liquid securities included in the S&P/TSX Venture Composite Index. This is the first ETF globally targeting companies on the TSX Venture Exchange.
"We see inclusion in this ETF as affirmation of the liquidity and long term potential of Victoria," commented Mr. John McConnell, President and Chief Executive Officer of Victoria Gold.
About Global X Funds
Global X Funds is a New York-based provider of exchange-traded funds that facilitates access to investment opportunities across the global markets. With over $1.5 billion in managed assets as of March 1, 2011, it is one of the fastest growing ETF providers in the world with a focus on Global Commodities, Developed and Emerging Markets fund suites. For more information, please visit www.globalxfunds.com.
About Victoria
Victoria's strategy is to maximize the reward of share price appreciation while minimizing risk. Victoria is focused on adding value per share by advancing its' Eagle Gold Deposit toward production while continuing to explore its key projects in Yukon and Nevada. Maintaining a low risk profile through project diversification, sound financial management, and operating in secure jurisdictions are key priorities for Victoria's management team.
Cautionary Language and Forward-Looking Statements
This press release includes certain statements that may be deemed "forward-looking statements". All statements in this discussion, other than statements of historical facts, that address future exploration drilling, exploration activities, anticipated metal production, anticipated dates for the completion of work performed by external consultants, internal rate of return, estimated ore grades, commencement of production estimates and projected exploration and capital expenditures (including costs and other estimates upon which such projections are based) and events or developments that the Company expects, are forward looking statements. Although the Company believes the expectations expressed in such forward looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include metal prices, exploration successes, continued availability of capital and financing, and general economic, market or business conditions. Accordingly, readers should not place undue reliance on forward-looking statements.
This news release and the information contained herein does not constitute an offer of securities for sale in the United States and securities may not be offered or sold in the United States absent registration or exemption from registration.
FOR FURTHER INFORMATION PLEASE CONTACT:
Katie Fedorowicz, MBAVictoria Gold Corp.Investor Relations Coordinator416-866-8800 Ext. 226416-866-8801 (FAX)[e-mail]