GMX Resources Inc. (GMXR) announced that it has priced public offering of 6.95 million common shares at $15.00 per share and public offering of $75 million of convertible senior notes due 2015. The company expects the issuance and delivery of the shares and the notes to occur on October 28, 2009.
The company has granted underwriters an option to buy maximum of 1.04 million additional common shares and to buy a maximum of $11.25 million of additional notes for 30 days to cover over-allotments.
The company intends to use net proceeds from these offerings to repay a portion of indebtedness under revolving bank credit facility, to repay outstanding senior secured notes and for general corporate purposes.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.