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GMX Resources Executes Senior Secured Notes Exchange Offer

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August 9, 2012

GMX RESOURCES INC.(GMXR) announced that it has commenced offers to exchange for (i) all of its existing 5.00% Convertible Senior Notes due 2013, of which $51,997,000.00 aggregate principal amount is currently outstanding, in exchange for (a) new Senior Secured Second-Priority Notes due 2018 and (b) shares of the Company's common stock, and (ii) a limited amount of its existing 4.50% Convertible Senior Notes due 2015, in exchange for the New Notes.

Pursuant to the terms of the Exchange Offers, the Company is offering to exchange (a) for each $1,000.00 principal ...

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