Brief: Synthesis Energy Systems Enters Technology Purchase Option Agreement

Synthesis Energy Systems

08/04/2019 13:46

April 8 (Reuters) - Synthesis Energy Systems Inc  SES.O :
    * SYNTHESIS ENERGY SYSTEMS ENTERS TECHNOLOGY PURCHASE OPTION
AGREEMENT FOR SALE OF ITS GASIFICATION TECHNOLOGY
    * SYNTHESIS ENERGY SYSTEMS INC - AGREES TO TRANSFER 100% OF
ITS
OWNERSHIP OF SEST TO AFE
    * SYNTHESIS ENERGY SYSTEMS INC - WILL RETAIN ALL ITS
OWNERSHIP
RIGHTS TO SGT TECHNOLOGY BUSINESS FOR CHINA.
    * SYNTHESIS ENERGY SYSTEMS INC - AFE WILL PAY SES A TOTAL OF
$5.8
MILLION IN CASH WITH FIRST $2.0 MILLION BEING PAYABLE IN THREE
EQUAL TRANCHES

Source text for Eikon:  ID:nGNX69790C 
Further company coverage:  SES.O 

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