SAIS Limited ('SAIS' or the 'Company') (TSXV: SAIS) is pleased to announce that it has completed its previously announced non-brokered private placement (the 'Offering') of 19,607,843 ordinary shares in the capital of the Company (the 'Ordinary Shares') at a price of CDN$0.255 to raise gross proceeds of CDN$5,000,000.

The Company also announces that it has settled an aggregate of US$1,150,000 (CDN$1,519,955) of outstanding indebtedness with certain existing arm's length debt holders through the issuance of 5,960,607 Ordinary Shares at the same price of CDN$0.255 per share (the 'Debt Settlement'). Pursuant to Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ('MI 61-101'), the Offering constitutes a 'related party transaction' as a director of the Company purchased 19,607,843 Ordinary Shares. Prior to the completion of the Offering and Debt Settlement, the director owned 17,033,390 Ordinary Shares, representing 52.6% of the then total issued and outstanding Ordinary Shares of the Company. Immediately following the completion of the Offering and Debt Settlement, the director owned and controlled a total of 36,641,233 Ordinary Shares, representing 63.2% of the Company's issued and outstanding Ordinary Shares.The Company is relying on exemptions available under MI 61-101 from the formal valuation and minority approval requirements. The Ordinary Shares issuable in connection with the Offering and the Debt Settlement are subject to a hold period expiring four months and one day from the date hereof.

Singapore-based SAIS Limited (TSXV: SAIS) is a global provider of advanced technology solutions, business intelligence and supporting services. We connect businesses with their customers through end-to-end intelligent solutions. A leader in the development of mobile commerce platforms, we are focused to create technology aimed at providing unique digital experiences to foster ground-breaking client-customer relationships.

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