Cairo Resources acquires Socialitize

Toronto Venture Exchange-listed and Vancouver-based capital pools investment firm Cairo Resources Inc. has announced the acquisition of social sports betting operator Socialitize Limited.

Under a shareholder-approved Share Exchange Agreement, Cairo Resources Inc. (CRI) will acquire all shares in Socialitize in exchange for 15 000 000 common shares in the capital of CRI.

The social gaming firm recently introduced a new sports news add-on to its January 2012-launched social and mobile sportsbetting app 2Bet2 .