The proposal is subject to shareholder approval at a meeting scheduled for November 22.
Of the total amount the company plans to borrow, RON17.65 million will be used to finance drilling works, RON6.65 million to finance debts incurred by construction works and RON4.4 million to finance current operations stemming from contracts on definite period.
Dafora Medias registered a turnover of RON90.54 million in the first half of 2013, up 23.8% on the year, while its loss widened 85.8% to RON10.11 million.
Dafora operates in the drilling and constructions sectors and is 49.9% owned by its main shareholder Gheorghe Calburean. The company’s shareholding structure also includes firm Foraj Sonde Craiova, controlled by businesspeople Marius and Emil Cristescu, which holds a 13.67% stake.