Is there a lock‑up or resale restriction on the newly issued units that could affect short‑term liquidity?

Short‑term liquidity outlook:

The press release does not mention any lock‑up or resale‑restriction provisions attached to the 4,368,333 units issued in the private placement. The units consist of one common share and one 24‑month‑term warrant (exercisable at $0.08). In the absence of a disclosed lock‑up, the shares are presumed to be free‑floatable immediately upon issuance, and the warrants are tradable (or exercisable) only after the 24‑month window opens. Consequently, there is no explicit short‑term restriction that would choke the supply of shares or damp daily volume.

Trading implications:

- Liquidity: Since the newly issued shares can be sold right away, the market should absorb the additional float without a material impact on the bid‑ask spread or daily volume. Any temporary uptick in supply may be modest given the modest size of the raise (≈ $262 k) relative to the company’s overall float.

- Price pressure: The only potential drag is the dilution from the warrants once they are exercised (but that lies well beyond the short‑term horizon). Until then, the primary driver of price will remain the broader market sentiment toward the sector and the company’s fundamentals rather than a forced sell‑off from a lock‑up release.

Actionable take‑away:

From a short‑term perspective, the lack of a lock‑up means you do not need to price‑in a near‑term liquidity squeeze. Focus your trade‑decision on the current technical environment (e.g., support/resistance levels, momentum) and the company’s fundamentals; the private‑placement proceeds are unlikely to create immediate downward pressure on the stock. If you are looking for a low‑risk entry, the absence of a lock‑up supports a neutral‑to‑slightly bullish stance, provided the broader market and sector dynamics are favorable.