Not likely because the holder of the 27% would get an independent valuation and sue the pants off the other and it would probably cost the seller a lot more then what it was worth just on punitive charges. It could however moth ball the project till such time as it wants to proceed... again shooting themselves in the foot because they have a large $ already invested..
Either way the end game goes I think holders of SPQ KWG are in the right seat, if the merger does not go through KWG has railway and net royalty , as well as 30% of the project. Spq will be bought but will take more then .14c before I sell mine