ASA Gold settles Saba litigation; two independent directors resign

ASA Gold & Precious Metals Ltd

Rights plan expired July 29, 2025; no new plan adopted; Rights Plan Committee to be terminated.
Independent directors Hoene and Donovan resigned Aug 6; board now Bruce, Desai, Kazarian.
All SDNY and Second Circuit claims with Saba dismissed per confidential settlement; no liability admitted.
Bermuda litigation (Kazarian petition) being discontinued.

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