Scio Diamond Technology raises $1.57 million through private placement

Company sells equity to a group of investors based in Greenville, S.C.

By Devika Patel

Knoxville, Tenn., Sept. 8 – Scio Diamond Technology Corp. said it settled a $1,565,000 non-brokered private placement of equity with a group of investors based in Greenville, S.C.

Proceeds will be used for product development and working capital.

The company is based in Greenville, S.C., and focuses on man-made diamond technology development and commercialization.

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