Canadian mobile content producer and distributor MoboVivo has signed a letter of intent to receive financing from United Equities, a Bellaire, TX-based investment firm. The financing deal will complete MoboVivo’s first financing round, the amount of which was undisclosed. MoboVivo plans to use the funding to help it promote its downloadable video services in Canada. It also hopes to add to its management team.

THR: The deal between MoboVivo and UE was signed at this week’s Banff World Television Festival