Invicta Energy Corp. Grants Stock Options

CALGARY, May 11 /CNW/ - Invicta Energy Corp. ("Invicta" or the "Company") (TSXV: VCA) announces that it granted options on May 10, 2011 to acquire up to 300,000 Common Shares of Invicta, 175,000 of which were granted to a director of Invicta.  Each grant of options is for a five year term, expiring on May 10, 2016.  The options vest 1/3 on the date of grant and 1/3 each on the first and second anniversary of the grant date.  The options are exercisable at a price of $0.24 per Common Share.  There are now options outstanding to purchase a total of 3,258,334 Common Shares of Invicta, or approximately 6% of Invicta's issued and outstanding Common Shares.

About the Company

Invicta is a Calgary based emerging junior oil and gas company focused on exploring and developing Viking light oil opportunities on lands in Kindersley, Saskatchewan and Redwater, Alberta.

Cautionary Statement:

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 release.

SOURCE Invicta Energy Corp.

For further information:

Gordon Reese      or    Carrie McLauchlin
President & CEO         Vice President Finance & CFO
gord@invictaenergy.ca       carriem@invictaenergy.ca
(403) 265-8890 ext 1        (403) 265-8890 ext 4

 

Organization Profile

Invicta Energy Corp.

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