Saratoga Resources Inc. - 2012-05-24

Closed private placement of 3,089,360 common shares at $6.25 per share to fund drilling prospects in its portfolio. C.K. Cooper & Company (Member: FINRA/SiPC/MSRB) and Ladenburg Thalmann & Co. Inc., a subsidiary of Ladenburg Thalmann Financial Services Inc. (NYSE MKT: LTD), acted as co-placement agents in the offering.