The group has less than a month to reach a deal over the planned transaction, which aims to raise NOK40 million (€4.9 million/$6 million) to NOK 60 million (€7.4 million/$9.2 million) by the end of June.
A first hurdle was cleared last week when Protector agreed to provide NOK 10 million (€1.23 million/$1.53 million) towards the emission -- on the condition that the transaction raises at least five times that amount.
The agreement was part of a larger financing package of NOK 35 million (€4.3
