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
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
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.
For further information please visit our website atwww.invictaenergy.ca or
contact the following:
Gordon Reese President & CEO (403) 265-8890 ext 1
Carrie McLauchlin Vice President, Finance & CFO (403) 265-8890 ext 4
SOURCE: Invicta Energy Corp.
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CO: Invicta Energy Corp.
-0- Dec/03/2012 11:00 GMT
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