Common use of Initial Equity Offering Clause in Contracts

Initial Equity Offering. Notwithstanding anything to the contrary in Section 20, TRQ agrees to conduct one or more initial Equity Offerings raising aggregate gross proceeds of at least US$650 million (or such lesser amount as would not require approval of the shareholders of TRQ for any Placement or Pro Rata Entitlement under the applicable rules of the TSX and MI 61-101) by no later than December 31, 2022 (the “Initial Equity Offering”). For the avoidance of doubt, the gross proceeds from the Initial Equity Offering shall form part of the Total Proceeds.

Initial Equity Offering. Notwithstanding anything to the contrary in Section 20, TRQ agrees to conduct one or more an initial Equity Offerings Offering raising aggregate gross proceeds of at least US$650 million (or such lesser amount as would not require approval of the shareholders of TRQ for any Placement or Pro Rata Entitlement under the applicable rules of the TSX and MI 61-101) by no later than December August 31, 2022 (the “Initial Equity Offering”). For the avoidance of doubt, the gross proceeds from the Initial Equity Offering shall form part of the Total Proceeds.