Oil and gas company GMX Resources Inc (GMXR.N) said it will raise $100 million via a public offering of common shares and $200 million through a private placement of senior notes, sending its shares down 10 percent. The company said it will use the proceeds to buy back upto $50 million of its outstanding senior notes and repay debt. Oklahoma City-based GMX also intends to use proceeds for its pending acquisitions and to fund its exploration and development program.
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