Daily News: October 23, 2014

Scio Diamond Announces Facility Extension with Platinum Capital

Scio Diamond Technology Corporation, a manufacturer of lab-grown diamond for the gemstone and industrial marketplace, announced that it has extended its credit facility with Platinum Capital Partners.

The extension puts Scio Diamond in good standing on all terms and conditions of its credit facility.

In addition to extending its credit facility, the company announced that three members of its board of directors Bern McPheely, Chairman, Bruce Likly, Vice Chairman and Lewis Smoak have each made recent equity investments in the company.