CALGARY, Jan. 11 /CNW/ - Invicta Energy Corp. ("Invicta" or the "Company") (TSXV: VCA) announces that it granted options on January 10, 2010 to
acquire up to 1,162,027 Common Shares of Invicta, 987,027 of which were
granted to directors and officers of Invicta. Each grant of options is
for a five year term, expiring on January 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 $0.22 per Common Share. There are now options outstanding to
purchase a total of 3,075,000 Common Shares of Invicta, or
approximately 8.6% 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.
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.
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