CALGARY, Jan. 5, 2012 /CNW/ - Invicta Energy Corp. ("Invicta" or the "Company") (TSXV: VCA) announces that it granted options on January 5, 2012 to
acquire up to 1,395,000 Common Shares of Invicta, 1,245,000 of which
were granted to directors and officers of Invicta. Each grant of
options is for a five year term, expiring on January 5, 2017. The
options vest as to 1/3 on each of the first, second and third
anniversary of the grant date. The options are exercisable at a price
of $0.14 per Common Share. There are now options outstanding to
purchase a total of 4,095,000 Common Shares of Invicta, or
approximately 5.4% of Invicta's issued and outstanding Common Shares.
About the Company
Invicta is a Calgary based, emerging junior oil and gas company
exploring and developing light oil opportunities in Saskatchewan and
Alberta. The Company's current focus is the development of its Viking
resource play in Kindersley, Saskatchewan.
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this Press
SOURCE Invicta Energy Corp.
For further information: