Not sure why they did it in two steps. First announced consultant and then CEO:

http://www.marketwire.com/press-release/Steele-Recording-Corporation-Announces-New-CEO-Mining-Veteran-Scott-Dockter-1287878.htm

So it makes one really think, SD has his public company again, so he may be leaving Durarock behind. If Steele aquires the Durarock property then we will know for sure.

In the small possibility the Durarock - FG merge is still in the works, in theory, they may want to wait for the RC mine to be sold first. It may be advantageous to get that debt off the books first before the merge.

If Durarock merge fails, with a potential 700k on the line (according to BK docs), I am pretty sure that Terry Lynch will keep looking for a company to merge with. But with an 8 million debt and a company name known not to fullfill warrants, it may be quite difficult.

-Y