GMX Resources Inc. - 2011-01-28


Launched a registered underwritten public offering of common stock. The company intends to use the net proceeds of the offering to fund an offer to purchase up to $50 million of its outstanding 5% convertible senior notes due 2013, to pay debt, to fund the purchase price of pending acquisitions, to fund its E&P program and for other general corporate purposes.

Morgan Stanley & Co. Inc. and Credit Suisse Securities (USA) LLC are joint book-running managers. Other underwriters include Capital One Southcoast Inc., Pritchard Capital Partners LLC, Johnson Rice & Co. LLC, and Howard Weil Inc.

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