TEL AVIV, ISRAEL / ACCESSWIRE / June 13, 2023 / A2Z Smart Technologies Corp. (the "Company" or "A2Z") (NASDAQ:AZ)(TSXV:AZ), a global leader in innovative technology solutions, today announced that it has entered into a definitive securities purchase agreement with certain accredited investors to purchase, in a registered direct offering, 3,262,720 common shares, at a purchase price of US$1.80 (CAN$2.41) per share, together with warrants to purchase 1,631,356 common shares at an exercise price of US$2.20 (CAN$2.93) per share for a period of two years from issuance, for aggregate gross proceeds equal to US$5,872,900 (CAN$7,849,300) (the " Gross Proceeds "). Subject to customary closing conditions, including the final approval of the TSX Venture Exchange, the transaction is expected to close in one or more tranches with the first tranche expected to close on Thursday, June 15, 2023 (the " Closing ").