SAIS Limited (TSXV:SAIS) announced a non-brokered private placement of a minimum of 17,843,137 ordinary shares and a maximum of 19,607,843 ordinary shares at a price of CAD 0.255 for the gross proceeds of minimum CAD 4,500,000 and maximum CAD 5,000,000 on January 28, 2020. The securities issued in the transaction will be subject to a hold period expiring four months and one day from the date of closing. The completion of the transaction are subject to all necessary approvals, including the approval of the TSX Venture Exchange.