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GMX Resources To Monetize Cotton Valley Sands Assets

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July 17, 2012

GMX RESOURCES INC. announces that the Company has engaged Global Hunter Securities as financial advisor in connection with a proposed sale of a portion of the Company's Cotton Valley Sand liquids rich natural gas properties located in East Texas. The Company currently expects that sales of these properties would occur during the third quarter of 2012.

Michael J. Rohleder, Company President, said, "We are pleased to announce the engagement with GHS related to the sale of certain Cotton Valley Sand assets. They are an energy specialist focused on these types ...

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