Article: BriteSmile sells shares of unregistered common stock.(Financial News)

* BriteSmile Inc., Walnut Creek, CA, announced the sale of 369,577 shares of unregistered common stock at $23 a share, for a total of about $8.5 million. Proceeds from the private placement will be used to retire the $2 million bridge loan announced by the company last November, and for working capital purposes, executives said.

BriteSmile also announced a five for two stock split of shares of its common stock with each shareholder of record on Jan. 16 being entitled to ...

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