Synthesis Energy Systems, Inc. Announces Filing of Registration Statement

HOUSTON, May 20 /PRNewswire-FirstCall/ -- Synthesis Energy Systems, Inc.
("SES") (Nasdaq: SYMX) announced today the filing of a registration statement
on Form S-1 with the U.S. Securities and Exchange Commission relating to a
public offering of shares of its common stock. SES expects to use the net
proceeds of the offering for (i) equity contributions to its Golden Concord
project, and, if approved, its YIMA project; (ii) the proposed expansion of
its Hai Hua project, when and if agreed to; (iii) feasibility and engineering
design work for its CONSOL project and any future North American projects; and
(iv) working capital and general corporate purposes.
JPMorgan and Deutsche Bank Securities are the joint bookrunners for the
offering. The number of shares to be offered and the offering price have not
yet been determined. The offering will be made only by means of a prospectus.
When available, a copy of the preliminary prospectus relating to the offering
may be obtained from: J.P. Morgan Securities Inc. at 4 Chase Metrotech Center,
CS Level, Brooklyn, NY 11245, Attention: Prospectus Department, e-mail:
addressing.services@jpmorgan.com, telephone: (718) 242-8002; and Deutsche Bank
Securities Inc., Attn: Prospectus Department, 100 Plaza One, 2nd Floor, Jersey
City, NJ, 07311, by telephone at (800) 503-4611 or by email to
prospectus.cpdg@db.com.
A registration statement relating to these securities has been filed with
the Securities and Exchange Commission but has not yet become effective. These
securities may not be sold nor may offers to buy be accepted prior to the time
the registration statement becomes effective. This press release shall not
constitute an offer to sell or the solicitation of an offer to buy nor shall
there be any sale of these securities in any state in which such offer,
solicitation or sale would be unlawful prior to registration or qualification
under the securities laws of such state.
About Synthesis Energy Systems, Inc.
SES is an energy and technology company that builds, owns and operates
coal gasification plants that utilize its proprietary U-GAS(R) fluidized bed
gasification technology to convert low rank coal and coal wastes into higher
value energy products, such as transportation fuel and ammonia. The U-GAS(R)
technology, which SES licenses from the Gas Technology Institute, gasifies
coal without many of the harmful emissions normally associated with coal
combustion plants. SES currently has offices in Houston, Texas and Shanghai,
China. For more information on the SES, visit http://www.synthesisenergy.com
or call (713) 579-0600.
SOURCE Synthesis Energy Systems, Inc.

Molly Whitaker, Investor Relations of Synthesis Energy Systems, Inc.,
+1-713-579-0607, molly.whitaker@synthesisenergy.com