A2Z Smart Technologies Announces Private Placement of up to US$3 million

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Oct 25, 2022

TEL AVIV, ISRAEL / ACCESSWIRE / October 24, 2022 / A2Z Smart Technologies Corp. ("A2Z" or the "Company") (TSXV:AZ, Financial)(NASDAQ:AZ), today announced a private placement (the "Offering") of up to 2,222,223 units (the "Units") at a price of US$1.35 (CAD$1.86) per Unit, for gross proceeds of up to CAD$4,133,333 million (the "Gross Proceeds"). Each Unit is composed of one common share of the Company and one-half of one common share purchase warrant (each whole warrant a "Warrant"). Each Warrant entitles the holder thereof to acquire one additional common share of the Company (each a "Warrant Share"), upon payment to the Company of CAD$2.20 (US$1.60) per Warrant Share for a period of 24 months following receipt of final TSX Venture Exchange approval.