CALGARY, Dec. 3, 2012 /CNW/ - Invicta Energy Corp. ("Invicta" or the "Company") (TSXV:VCA) is pleased to announce that it has retained Brisco Capital Partners Corp. ("Brisco"), a Calgary-based investor relations firm. Brisco will assist the Company at trade shows, liaise with the investment community and assist with the organization and presentation of roadshows.
Pursuant to the terms of the consulting agreement (the "Agreement") between Brisco and Invicta, Brisco will be paid a monthly retainer of $10,000 by Invicta, beginning in January, 2013, as well as approved expenses. Pursuant to the Agreement, Brisco has been granted options to purchase 200,000 common shares in the capital of the Company at an exercise price of $0.265, being the closing price on November 30, 2012. In accordance with the policies of the TSX Venture Exchange and the Company's stock option plan, the options will vest over a 12-month period in equal quarterly tranches.
The Agreement and the grant of options are subject to TSX Venture Exchange approval.
Brisco is a Calgary, Alberta based consulting firm managed by Scott Koyich, an investor relations professional with over 15 years of experience providing investor relation services.
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.
In the interest of providing Invicta shareholders and potential investors with information regarding Invicta, certain statements throughout this press release constitute forward looking statements. All forward looking statements are based on Invicta's beliefs and assumptions based on information available at the time the assumption was made. The use of any of the words "anticipate", "continue", "estimate", "expect", "may", "will", "project", "should", "believe" and similar expressions are intended to identify forward looking statements. By its nature, such forward looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward looking statements. Invicta believes the expectations reflected in those forward looking statements are reasonable but no assurance can be given that these expectations will prove to be correct and such forward looking statements contained throughout this press release should not be unduly relied upon. These statements speak only as of the date specified in the statements.
Unless required by law, Invicta does not undertake any obligation to publicly update or revise any forward looking statements, whether as a result of new information, future events or otherwise.
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:
For further information please visit our website at www.invictaenergy.ca or contact the following:
President & CEO
(403) 265-8890 ext 1
Vice President, Finance & CFO
(403) 265-8890 ext 4