UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_____________________
Form 8-K
_____________________
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event Reported): January 10, 2018
Synthesis Energy Systems, Inc.
(Exact Name of Registrant as Specified in Charter)
| Delaware | 001-33522 | 20-2110031 |
| (State or Other Jurisdiction of Incorporation) | (Commission File Number) | (I.R.S. Employer Identification Number) |
| Three Riverway, Suite 300, Houston, Texas 77056 |
| (Address of Principal Executive Offices) (Zip Code) |
(713) 579-0600
(Registrant's telephone number, including area code)
(Former name or former address, if changed since last report)
| Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: | ||
| [ ] | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |
| [ ] | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |
| [ ] | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |
| [ ] | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). Emerging growth company [ ]
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ]
In accordance with General Instruction B.2. of Form 8-K, the information presented under Item 7.01 of this Current Report on Form 8-K shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as expressly set forth by specific reference in such a filing.
Item 7.01. Regulation FD Disclosure.
On January 10, 2018, Synthesis Energy Systems, Inc. (the “Company”) issued a press release announcing the extension of the Boundary Hill mining leases for its Batchfire Resources project. A copy of the press release is furnished herewith as Exhibit 99.1.
Item 9.01. Financial Statements and Exhibits.
Exhibits *99.1 Press release dated January 10, 2018. * = Furnished herewith
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Synthesis Energy Systems, Inc. | ||
| Date: January 10, 2018 | By: | /s/ DeLome Fair |
| DeLome Fair | ||
| Chief Executive Officer | ||
EXHIBIT INDEX
| *99.1 | Press release dated January 10, 2018. |
* = Furnished herewith
EXHIBIT 99.1
Synthesis Energy Systems Announces Batchfire Resources Secures Extension of Callide’s Boundary Hill Mining Lease
HOUSTON, Jan. 10, 2018 (GLOBE NEWSWIRE) -- Synthesis Energy Systems, Inc. (SES) (NASDAQ:SES), a global leader in the clean and efficient production of low-cost synthesis gas for high value energy and chemical products, welcomes the Queensland (Australia) Minister for Natural Resources, Mines and Energy’s approval of Batchfire Resources’ mining lease application through to 2043 for Callide coal mine’s Boundary Hill South Project. SES owns 11.4% of Batchfire, a privately owned Australian company that acquired the Callide thermal coal mine from Anglo American in October 2016.
The Boundary Hill South lease is the latest chapter in the sustainable development of the Callide mine that began production in 1944. Callide mine extends across 180 square kilometers and contains an estimated coal resource of more than one billion tonnes, according to Joint Ore Reserves Committee (JORC)-endorsed analysis by Batchfire. Prior to the acquisition of Callide by Batchfire, the mine’s average production was 6.5 million tonnes per annum (mtpa). Today Batchfire produces approximately 10 mtpa of saleable coal from Callide, with approximately 6.5 mtpa utilized domestically for power generation and alumina refining with the balance of production sold to Asian markets.
“Batchfire’s leadership continues to manage the Callide operation responsibly and in a way that both serves the community and creates shareholder value. Our 11.4% ownership in this large-scale operation is an important and valuable asset to SES, one which we believe will prove increasingly important to our shareholders as the operation continues to build its financial strength. Our Australian Future Energy (AFE) platform company, which created and spun-off Batchfire Resources and executed the acquisition of the Callide mine, continues to advance AFE’s current set of projects through development at an accelerating rate, to create similar new success stories,” said DeLome Fair, President and CEO of Synthesis Energy Systems, Inc.
About Synthesis Energy Systems, Inc.
Synthesis Energy Systems (SES) is a Houston-based technology company focused on generating clean, high-value energy from low-cost and low-grade coal, biomass and municipal solid waste through its proprietary technology for conversion of these resources into a clean synthesis gas (syngas) and methane. SES’s proprietary technology enables the production of clean, low-cost power, industrial fuel gas, chemicals, fertilizers, transportation fuels, and substitute natural gas, replacing expensive natural gas-based energy. SES’s technology can also produce high-purity hydrogen for cleaner transportation fuels. SES enables greater fuel flexibility for both large-scale and efficient small- to medium-scale operations close to fuel sources. Fuel sources include low-rank, low-cost high ash, high moisture coals, which are significantly cheaper than higher-grade coals, waste coals, biomass, and municipal solid waste feedstocks. SES: Growth With Blue Skies. For more information, please visit: www.synthesisenergy.com.
About Batchfire Resources Pty Ltd.
Batchfire Resources is a privately owned Australian company, based in Brisbane, Queensland that operates the Callide Coal Mine. Callide is an open-cut operation located 120km southwest of Gladstone and 20km northeast of the thriving regional township of Biloela, in Central Queensland. The mine has operated since 1944 producing low sulphur, sub-bituminous thermal coal primarily for domestic power generation and alumina refining. Under the ownership of Batchfire Resources since October 2016, the mine is continuing to meet the quality and performance benchmarks sought by its domestic customers while looking to expand export opportunities. The Callide mining tenure extends across 180 square kilometres and contains an estimated coal resource of up to 1.7 billion tonnes.
Forward-Looking Statements
This press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact are forward-looking statements and are subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected. Although SES believes that in making such forward-looking statements our expectations are based upon reasonable assumptions, such statements may be influenced by factors that could cause actual outcomes and results to be materially different from those projected by us. SES cannot assure you that the assumptions upon which these statements are based will prove to be correct. Please refer to our latest Form 10-K available on our website at www.synthesisenergy.com.
Contact:
MDC Group
Investor Relations:
David Castaneda
Arsen Mugurdumov
414.351.9758
IR@synthesisenergy.com
Media Relations:
Susan Roush
805.624.7624
PR@synthesisenergy.com