Dallas, Texas 03/27/2014 (FINANCIALSTRENDS) – Synthesis Energy Systems, Inc (NASDAQ:SYMX) announced that it has now entered into agreements with some accredited investors with regards to a registered-direct placement of the 8,333,334 units at the price of $1.80/ Unit for the aggregate gross-proceeds of $15,000,000. Every Unit consists of 1 share of common-stock par value $0.01 / share, of the Synthesis Energy Systems, Inc (NASDAQ:SYMX) common stock and the associated warrant to buy 1-half of 1 share of the Common-Stock with the exercise-price of $2.16/ share.
This offering is expected to now close on/ about Mar 27, 2014, and is subject to the satisfaction of all customary closing-conditions. T.R. Winston & Company, LLC has acted as the exclusive- placement agent for this offering. These securities that have been described above are now being offered pursuant to the shelf-registration statement, which had been declared to be effective by the United States SEC on 9 May 2013.
Synthesis Energy Systems, Inc (NASDAQ:SYMX) is a global energy & gasification tech company that effectively provides products & solutions to the energy & the chemical industries. Synthesis Energy Systems, Inc (NASDAQ:SYMX) provides technology & equipment in the regions where coals and the biomass feedstocks can then be converted into various products via its fluidized bed-gasification technology, that is the technology that is based on its U-GAS process that has been developed by the GTI-Gas Technology Institutes.
This is the Company’s principal operating-activities are located across China. Synthesis Energy Systems, Inc (NASDAQ:SYMX)’s Yima project is in Henan Province, in China and is in the final stages of its construction and plant -commissioning. This started its gasification activities in obtaining a global license for the U-GAS-gasification technology that was developed by the GTI. In Sep 2011, the company’s commercial scale-coal gasification plant that is located in Shandong Province, in China, was shut down.
