According to TheStreet, Canadian investment fund SOL Global announced that it has signed a binding letter of intent to sell SOL Global's unsecured convertible bond with a principal amount of 10 million Canadian dollars. The bond will be funded in the form of an upfront payment of $2 million at the closing of the transaction, and four additional upfront payments of $2 million every 60 days after the closing of the transaction. The letter of intent is a binding commitment to the buyer, and the tra...