I have been doing a little research on some of the smaller gold...

I have been doing a little research on some of the smaller gold companies and came across the farm in arrangement between MXR and TYK. I am familiar with the Spargoville project and think it is certainly a prospective area. For this reason I was very surprised to see how cheap the deal was done. What a joke, in this buoyant AUD gold scene for nice dirt in the eastern goldfields to go so cheap (400k in cash and stock for 25% and a further 800k for 90%).

So I looked a little closer and both MXR and TYK have two common directors. WTF? Does anyone know if this is kosher? Did they both vote on the farm in?

Further, doesn't a deal such as this require shareholder approval? Not sure of the specifics with that but a vote would have been appropriate.

This one has me scratching my head. If anyone can shed any light please do.