Drone Volt SA (ENXTPA:ALDRV) announced a private placement for 19,033,904 new ordinary shares at issue price of €0.195 per share for the gross proceeds of €3,711,611.28 on June 8, 2021. The transaction included participation from the historical shareholders of the company and by new investors. The shares will be issued at a discount of 9.3% to the closing price of the share. The transaction has been approved by the 11th resolution of the General Meeting of the Company.