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.
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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