GMX Resources Inc. - 2011-03-29

Sold 247,250 shares of its 9.25% Series B cumulative preferred stock, par value $0.001 per share, liquidation preference $25 at a price of $24 in a registered sale of shares under the company's at-the-market program pursuant to its agreement with McNicoll, Lewis & Vlak LLC. The company expects net proceeds of approximately $5.6 million from the sale.