CapLease brings direct placement; Smart Kids gets credit line; Yukon-Nevada seeks C$5 million

By Stephanie N. Rotondo

Portland, Ore., March 26 - Mining and resource companies reigned in Friday's PIPE market, but some other sectors came to market as well.

For example, real estate investment trust CapLease Inc. brought a $15 million registered direct offering of equity. The company intends to use proceeds for the reduction of debt.

Smart Kids Group Inc. - another non-mining company - said it had secured a $10 million two-year equity line of credit. The company will sell common stock at a discount to the investor.

Meanwhile, Yukon-Nevada Gold Corp. announced a C$5 million private placement of equity. And, Multiplied Media Corp. took in that same amount as it completed its private placement of common shares.

Atlanta Gold Inc. said it was seeking C$2 million from a private placement of units. The company hopes to use the funds at its Idaho properties.

Also, Peninsular Gold Ltd. wrapped a £2 million placement of ordinary stock.

CapLease brings direct placement

CapLease intends to raise $15 million via a registered direct offering of common stock, according to a regulatory filing.

The company will sell approximately 3.14 million shares at $4.77 each.

Additionally, the company priced a $41.5 million public offering of 8.125% series A cumulative redeemable preferred shares. The shares will be sold at $23.06 per share.

Proceeds from both financings are expected to be used for the reduction of debt, as well as for general corporate purposes.

CapLease's equity (NYSE: LSE) jumped 66 cents, or 13.78%, to $5.45. Market capitalization is $273 million.

CapLease is a New York-based based real estate investment trust that invests primarily in single tenant commercial real estate assets subject to long-term leases to high credit quality tenants.

Smart Kids secures credit line

Santa Fe, N.M.-based Smart Kids Group said it had arranged a $10 million equity line of credit with Auctus Private Equity Fund, LLC.

The deal was inked March 18, according to a regulatory filing.

The investor will purchase class A common shares over the course of two years, according to the terms of the drawdown financing agreement. The price per share will equal 95% of the lowest closing bid price during the five trading days preceding the draw down request.

The maximum amount per tranche is the greater of $250,000 or 200% of the average daily trading volume for the 20 trading days preceding the draw.

Smart Kids' stock (OTCBB: SKGP) ended steady at $0.15. Market capitalization is $19.4 million.

Smart Kids Group is a developer of educational products.

Yukon seeks C$5 million

Yukon-Nevada Gold arranged a C$5 million private placement of equity, according to a press release.

The company will issue approximately 22.73 million common shares at C$0.22 per share in the non-brokered placement.

"The proceeds of the private placement transaction will be used to procure equipment and supplies for use during the annual shut down period, restocking the warehouse at the company's Jerritt Canyon Mine, Nevada and for general working capital purposes," the company said in the release.

Yukon's stock (Toronto: YNG) fell a cent, or 4.17%, to C$0.23. Market capitalization is C$142 million.

Yukon-Nevada Gold is a Vancouver, B.C.-based mineral exploration company.

Multiplied Media deal done

Multiplied Media wrapped a C$5 million bought-deal private placement of common shares, the company said in a press release.

The Calgary, Alta.-based provider of mobile local search services issued 20 million of the shares at C$0.25 each.

"The company intends to use proceeds of the offering for promotion and marketing of the company's products to increase awareness and grow the user base; development and deployment of the company's existing products on additional smartphone platforms; releasing the company's products into new geographic areas; development and integration of newly acquired UnoMobi''s products; and, for general working capital purposes," the release said.

Multiplied Media's equity (TSX Venture: MMC) dropped half a cent, or 2.00%, to C$0.245. Market capitalization is C$55.9 million.

Atlanta Gold plans unit sale

Atlanta Gold will conduct a C$2 million private placement of units, according to a press release.

The non-brokered financing includes a 20% greenshoe.

The company will sell 12.5 million of the units at C$0.16 per unit. Each unit will contain one common share and one warrant.

The warrants are exercisable at C$0.25 for two years.

Proceeds will be used for exploration, development and permitting at the company's properties in Idaho, as well as for working capital.

Atlanta's stock (TSX Venture: ATG) were unchanged at C$0.215. Market capitalization is C$20.5 million.

Toronto-based Atlanta Gold is a gold exploration company.

Peninsular gets £2 million

Peninsular Gold pocketed £2 million from a private placement of ordinary shares, the company announced.

The St. Helier, England-based gold explorer sold approximately 3.33 million of the shares at 60p each.

Proceeds will help finance the company's Carbon-In-Leach plant upgrade and will also provide working capital.

Peninsular's equity (London: PGL) closed at 63p. Market capitalization is £37.1 million.

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