TORONTO, ONTARIO--(CCNMatthews - June 14, 2006) - OccuLogix, Inc. (NASDAQ:RHEO)(TSX:RHE) today announced that it has signed a letter of intent with Sowood Capital Management LP (“Sowood”) pursuant to which certain funds and accounts managed or advised by Sowood and its affiliates propose to make a private purchase from the Company of approximately US$30 million of zero-coupon convertible notes.
