GMX Resources buys back $10.27 million of 5% convertible senior notes

By Ashley Montgomery

Kansas City, Kan., Dec. 31 - GMX Resources, Inc. recently purchased a total of $10,274,000 of its 5% convertible senior notes due 2013, according to an 8-K filed with the Securities and Exchange Commission.

The company said it purchased $8,587,000 of the notes from two holders on Dec. 27. It purchased another $1,667,000 of the notes from two holders on Dec. 31. Both transactions were made at par plus accrued interest to the purchase date.

Oklahoma City-based GMX is a small-cap natural gas exploration and production company.

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