Drone Volt S.A. (ENXTPA:ALDRV) announced a private placement of 808,400 shares at a price of €1 per share for gross proceeds of €808,400 on December 8, 2016. The company entered into an agreement to receive loan of €450,000 from Bpifrance Financement S.A. The company will receive aggregate gross proceeds of €1,258,400 in the transaction. The completion of the transaction will result in dilution of 5.5% of the capital of the company.