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Centennial Energy drops ownership interest in GMX Resources to 10.27%
By Lisa Kerner
Charlotte, N.C., July 2 - A group of GMX Resources, Inc. shareholders led by Centennial Energy Partners, LLC sold 327,500 shares between June 2 and June 25 priced from $11.15 to $18.16, according to a schedule 13D/A filed on Thursday with the Securities and Exchange Commission.
Following the sale, the investors beneficially own 2,521,071 shares, or 10.27%, of the Oklahoma City-based independent oil and gas exploration and production company.
In March Centennial Energy asked GMX Resources to review strategic alternatives, including a possible sale of the company, a prior SEC filing said.
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