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    AZ   CA27877R1038

ECC VENTURES 1 CORP.

(AZ)
Delayed Bourse de Toronto  - 
- CAD   -.--%
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ECC Ventures 1 : A2Z Smart Technologies Announces Escrow Closing of CAD$1.8 million Private Placement

04/12/2021 | 10:12am EDT

TEL AVIV, ISRAEL. - A2Z Smart Technologies Corp. ('A2Z' or the 'Company') (TSXV:AZ) (OTCQB: AAZZF), an innovative technology company specializing in state-of-the-art automation and electronics technology, today announced that it has, in connection with a private placement financing (the 'Financing') conditionally approved by the TSX Venture Exchange ('TSXV'), closed CAD$1.8 million of gross proceeds (the 'Gross Proceeds') into escrow. The Gross Proceeds represent subscriptions for 663,298 units (the 'Units') at a price of CAD$2.72 per Unit. Each Unit is composed of one common share of the Company and one common share purchase warrant (the 'Warrant'). Each whole 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$3.68 per Warrant Share for a period of 24 months following receipt of final TSXV approval.

Pursuant to the TSXV's conditional approval there remain an additional 1,726,408 Units available for issuance. Closing of the Financing, including release of the Gross Proceeds from escrow, are subject to the final approval of the TSXV.

Contact:

Website: https://a2zas.com

Disclaimer:

The TSX Venture Exchange Inc. has in no way passed upon the merits of the Company has neither approved nor disapproved the contents of this press release. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release contains forwardlooking information, which involves known and unknown risks, uncertainties and other factors that may cause actual events to differ materially from current expectation. Important factors - including the availability of funds, the results of financing efforts, the results of exploration activities-that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time on SEDAR (see www.sedar.com). Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. This press release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities described herein in the United States or elsewhere. These securities have not been, and will not be, registered in the United States Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States or to U.S. persons unless registered or exempt therefrom.

(C) 2021 Electronic News Publishing, source ENP Newswire

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