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.
About Brisco
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.
Cautionary Statements:
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.