Synthesis Energy Systems, Inc. (NasdaqCM:SES) signed an agreement to acquire additional 25% stake in Batchfire Resources Pty Ltd for AUD 1.3 million on October 10, 2019. Synthesis Energy Systems will issue its 0.5 million shares as consideration. In a related transaction, Synthesis Energy Systems, Inc. (NasdaqCM:SES) made an offer acquire remaining 67.6% stake in Batchfire Resources Pty Ltd on October 10, 2019. Transaction is subject to approval of regulatory authorities, third party approval and completion of acquisition of Synthesis Energy Systems by Australian Future Energy Pty Ltd. Synthesis Energy Systems, Inc. (OTCPK:SYNE) cancelled the acquisition of additional 25% stake in Batchfire Resources Pty Ltd on October 10, 2020.