GMX Resources Announces Expiration and Preliminary Results of Its Exchange Offers ($GMXR)

GMXR announced

"that it had received [tenders] from the holders of approximately $24.9 million in aggregate principal amount, or approximately 47.9%, of its outstanding 5.00% Senior Convertible Notes due 2013 and approximately $38.0 million in aggregate principal amount, or approximately 44.0%, of its outstanding 4.50% Senior Convertible Notes due 2015 in connection with its previously announced exchange offers [...] Pursuant to the terms of the exchange offer for the 2013 Notes, the Company will accept tenders for all of such notes and issue in exchange an aggregate of approximately $24.9 million principal amount of New Notes and 7,176,384 shares of the Company's common stock."