Report: Magnum Hunter faces deadline to raise $9.4 million

Columbus Business First reports that Magnum Hunter Resources Corp., an active driller in the Utica shale play, needs to raise $9.4 million for its lenders in less than three weeks. The newspaper says the company has already raised $55.6 million of a required $65 million. Magnum Hunter told Business First that it intends to meet the July 10 deadline set by lenders. For more, read the full story.