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
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
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