Oct 10 (Reuters) - Synthesis Energy Systems Inc SES.O :
* SYNTHESIS ENERGY SYSTEMS TO ACQUIRE AUSTRALIAN FUTURE ENERGY
* SYNTHESIS ENERGY SYSTEMS INC - OFFER TO ACQUIRE 100% OF BATCHFIRE RESOURCES, WITH MINIMUM ACCEPTANCE LEVEL SET AT 25%
* SYNTHESIS ENERGY SYSTEMS INC - AFE WILL BECOME A WHOLLY OWNED SUBSIDIARY OF SES
* SYNTHESIS ENERGY SYSTEMS INC - MUTUALLY AGREED PURCHASE VALUE OF AFE IS APPROXIMATELY $US 36 MILLION
* SYNTHESIS ENERGY SYSTEMS INC - WILL ISSUE 3.9 MILLION NEW SHARES OF COMMON STOCK FOR ACQUISITION OF AFE
* SYNTHESIS ENERGY - OFFER VALUES 100% OF BATCHFIRE AT ABOUT $US 80 MILLION
* SYNTHESIS ENERGY SYSTEMS - EACH HOLDER OF AFE ORDINARY SHARES WILL RECEIVE 1 SHARE OF CO FOR ABOUT EACH 24.44 AFE SHARE
* SYNTHESIS ENERGY SYSTEMS INC - AS PART OF TRANSACTION, KERRY PARKER, CURRENT CEO OF AFE, WILL BE APPOINTED AS PRESIDENT AND CEO OF SES
* SYNTHESIS ENERGY SYSTEMS INC - EDEK CHOROS, STEPHEN LONIE, RICHARD BARKER WILL BE APPOINTED TO BOARD
* SYNTHESIS ENERGY SYSTEMS INC - ROBERT RIGDON, WILL REMAIN ON BOARD
* SYNTHESIS ENERGY SYSTEMS - BOARD OF DIRECTORS IS EXPECTED TO APPOINT ONE OR MORE ADDITIONAL, INDEPENDENT DIRECTORS AFTER TRANSACTION
* SYNTHESIS ENERGY SYSTEMS INC - ALL OTHER CURRENT DIRECTORS OF SES WILL RESIGN THEIR POSITIONS AT MERGER CLOSING
* SYNTHESIS ENERGY SYSTEMS INC - AN APPOINTMENT OF A NEW CHIEF FINANCIAL OFFICER FOR SES WILL BE NAMED AT, OR PRIOR TO, CLOSING
* SYNTHESIS ENERGY SYSTEMS INC - SIGNED A DEFINITIVE MERGER AGREEMENT WITH AUSTRALIAN FUTURE ENERGY PTY LTD, A PRIVATE COMPANY IN BRISBANE