Tagged SARA

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Saratoga Resources Emerges from Ch 11… Again

Saratoga Resources, Inc. (OTC Pink Market: SARAQ) (“Company” or “Saratoga”) announced today that the Company filed with the U.S. Bankruptcy Court a notice of satisfaction of the conditions of effectiveness of its Joint Chapter 11 Plan of Reorganization filed as of August 30, 2016 (the “Plan”), whereupon Saratoga, and its subsidiaries, emerged from chapter 11…

Post-Reorg Saratoga Resources Initiates Recapitalization

Saratoga Resources (SROE) trades on the pinksheets and has a market cap of $97 mm. Saratoga Resources, Inc. announced today that it plans to offer, subject to market and other conditions, $125 million of senior secured notes and $30 million of common stock. The notes will be offered and sold to qualified institutional buyers pursuant to…