latest news releases from the newsroom
GMX RESOURCES INC.
GMX Resources Inc. Announces Pricing of Common Stock Offering
OKLAHOMA CITY, July 17, 2008 (PRIME NEWSWIRE) -- GMX Resources Inc. (Nasdaq:GMXR) today announced that it has priced a public offering of 2 million shares of its common stock at $70.50 per share and expects the issuance and delivery of the shares to occur on July 22, 2008, subject to customary closing conditions. The Company has also granted the underwriters a 30-day option to purchase a maximum of 300,000 additional shares of its common stock. The Company intends to use a substantial portion of the net proceeds from the offering to temporarily repay outstanding indebtedness under its revolving bank credit facility. The balance of the net proceeds will be used to fund the development of oil and natural gas properties, acquisitions of additional properties and for general corporate purposes. The Company also anticipates reborrowing under its revolving bank credit facility from time to time for the same purposes.
Guaranty Bancorp Announces Second Quarter 2008 Earnings
DENVER, July 17, 2008 (PRIME NEWSWIRE) -- Guaranty Bancorp (Nasdaq:GBNK) today reported second quarter 2008 net income of $2.0 million, or 4 cents earnings per basic and diluted share, compared to a second quarter 2007 net loss of $6.8 million, or 13 cents loss per basic and diluted share. Excluding after-tax intangible asset amortization of $1.2 million, second quarter 2008 cash net income was $3.2 million, or 6 cents cash earnings per basic and diluted share, compared to second quarter 2007 cash net loss of $5.4 million, or 10 cents cash loss per basic and diluted share.
Delta Air Lines, Inc.
Delta Connects Global Customers With Nonstop Service Between New York-JFK and Lyon, France
ATLANTA, July 17, 2008 (PRIME NEWSWIRE) -- Delta Air Lines (NYSE:DAL) today begins service between New York's John F. Kennedy International Airport and Saint-Exupery International Airport in Lyon, France, offering the only nonstop flight between the United States and France's second-largest city. Through the airline's joint venture with Air France, the new Delta flight also connects customers to 40 European destinations via Lyon.