A2Z Smart Technologies Announces Closing of Previously Announced Private Placement for Aggregate Gross Proceeds of US$4 million (CAD$5.5 million)

Nov 29, 2022

TEL AVIV, ISRAEL / ACCESSWIRE / November 28, 2022 / A2Z Smart Technologies Corp. ("A2Z" or the "Company") (TSXV:AZ, Financial)(NASDAQ:AZ), today announced (further to its press release of November 2, 2022) that it has closed the previously announced private placements (the "Offering"). The Offering resulted in the issuance of an aggregate of 2,978,337 units (the "Units") at a price of CAD$1.86 per Unit, for gross proceeds of US$4 million (CAD$5.5 million). Each Unit is comprised of one common share of the Company (each a "Unit Share") and one half of a common share purchase warrant (the "Warrant"). The Unit Shares are restricted until March 9, 2023. 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$2.04 per Warrant Share and shall expire on.

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