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.
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